FinCorp Credit has entered into tripartite agreements with banks and insurance firms, reducing the collateral barrier, in response to the standard collateral requirements by banks to acquire performance guarantees. We recognize that in business, your success is frequently determined by your promises and the financial guarantees you can deliver. To fulfil your specific demands and promote business growth, we are pleased to offer our performance bond services.

Why Choose Us

• Fast and Reliable Service: Time is often of the essence in the business world. We pride ourselves on our quick and efficient service, ensuring you can secure the performance bonds you need when needed.
• Customized Solutions: We are cognizant of the uniqueness of each business. For this reason, we collaborate closely with you to develop a performance bond solution that satisfies your particular needs. Whether you’re a small contractor or a major organization, we’ve got you covered.
• Competitive prices: We offer some of the most competitive rates in the industry, helping you save money while obtaining the financial guarantees you require.

Fincorp Credit has partnered with commercial banks to allow contractors access to mobilisation funds from procuring entities by issuing Advance Payment Guarantees. The contractor can access the funds riding on the Tripartite collateral arrangement between Fincorp Credit, its partner banks and insurance companies.

FinCorp Credit through its partner banks and insurance companies offer custom bonds to importers to allow the release of cargo to avoid incurring storage and demurrage charges. 

Why Choose Us

Innovation and Flexibility: We provide creative and adaptable solutions that change with your demands to stay up to date with the constantly shifting financial scene.

Quick and Efficient Processing: We recognise that time is of the essence. Our streamlined procedures guarantee that you obtain your personalized bond promptly, freeing you up to concentrate on the things that are most important to you.

Competitive Rates: Our goal is to deliver affordable solutions that minimize expenses and optimize your financial gains.

Our retention bond services protect against non-completion or defective work in projects in the construction and service industries, providing a safety net for the performance of contracts. This ensures a portion of the contract value is held in reserve as security, giving all stakeholders peace of mind.

Why Choose Us

Reliability: The foundation of our company is trust. You can count on us to keep our end of the bargain and give you the tranquillity you deserve.

Expertise in Your Corner: Our team of seasoned financial specialists brings a wealth of knowledge and experience to the table. We will walk you through each stage of the procedure because we are knowledgeable about the nuances of retention bonds.

Streamlined Processes: We simplify complex financial procedures, ensuring that you can easily manage and understand your retention bonds. This efficiency allows you to concentrate on your core business activities.

Welcome to Fincorp Credit, your go-to resource for understanding the complex world of AGPO (Access to Government Procurement Opportunities) Framework Solutions. At Fincorp, we understand the difficulties that businesses encounter in obtaining government contracts, and we’re here to help you seize these possibilities with confidence.

The service is sectioned into two:

a) Where supply orders are backed by Letters of Credit (LCs) 

Procuring entities, through mutual agreement /contract, shall Issue local Letters of Credit (master LC) to special category suppliers. The LC terms shall be a replica of contract / Purchase Order terms. Subsequently, the supplier shall engage Fincorp Credit through its partner banks for the facilitation of working capital financing by way of back-to-back LC to the ultimate supplier. This overcomes performance and payment risk challenges. 

b) Where supply orders are backed by Local Purchase Orders (LPOs) 

Fincorp has entered into a Memorandum of Understanding (MOU) in partnership with reputable procuring entities for tailormade/customised LPO financing, on a case-to-case basis.

Whether you’re a startup, SME, or a well-established enterprise, our Express LPO Financing service is your key to turning purchase orders into profits without the stress of liquidity issues. As a trade financing working capital facility, suppliers to respectable procurement entities have access to professionally designed financing with customized repayments to meet the cash conversion cycle.

Benefits

• Rapid Access to Funds: Don’t let funding constraints hold you back.  You can quickly obtain the money you need with our Express LPO Financing to fulfil project deadlines and land important contracts.
• Competitive Rates: Our Express LPO Financing options have competitive rates, ensuring that you receive the funds you require at a reasonable cost.
• Financial Security: By utilizing our Express LPO Financing, you can be sure that your company has enough cash on hand to handle any emergent opportunities.

Structured trade financing is an alternative means of providing customised or tailor-made trade finance solutions outside the conventional financing approach. The focus shifts to the underlying cash flows and the structures agreed upon by FinCorp Credit and trading partners. FinCorp Credit experts in structured trade financing negotiate the best trading terms for their customers with their counterparts, locally, regionally and globally.

Benefits

Enhanced Cash Flow

Optimize your cash flow by unlocking the capital tied up in your supply chain. This means more liquidity to seize new opportunities, expand your business, or manage day-to-day operations more efficiently.

Risk Mitigation

International trade comes with inherent risks. Our financing solutions incorporate risk mitigation strategies to protect your investments and assets. We ensure that you have the financial safety net you need to navigate unpredictable global markets.

Global Market Access

Break down international barriers and expand your reach. Our solutions provide access to global markets, allowing you to explore new trade opportunities and diversify your business’s revenue streams.

This product is for FinCorp’s Credit customers in the supplies /construction business who intend to unlock working capital after invoicing. Our Invoice and Certificate Discounting services cover a wide range of options, including:

Invoice Discounting: Convert your outstanding bills into cash to meet your current financial demands. We provide a quick and simple approach to make sure you have the money you need.

Certificate Discounting: Convert your certificates and contracts into liquid assets by monetizing them. Businesses operating in diverse industries can particularly benefit from this solution.

Partial Discounting: Choose to discount only a portion of your bills or certificates, preserving financial flexibility while successfully managing your cash flow.

Benefits

• Working Capital Efficiency: Maintaining a strong working capital position is critical for every organization. Unlocking the funds locked up in accounts receivable through invoice and certificate discounting can help you maximize your working capital. You can then use this money to finance strategic projects like growth or inventory.
• Increased Flexibility with Money: Having the ability to obtain money when you need it provides a degree of financial flexibility that can help. With the help of our discounting services, you may take advantage of time-sensitive opportunities, grab discounts, and react quickly to changes in the market.
• No registration of debt: Invoice Discounting is not recorded as a debt but rather as the sale of a receivable, and hence does not interfere with other credit arrangements.

Get Your Cash Within 30minutes

Cheque discounting is a financial service offered by Fincorp Credit Limited that allows businesses to access funds from their post-dated cheques before they are cleared by the bank. Do you have cheques drawn from reputable organizations and need cash, come to us for our cheque discounting solution that will enable you access cash for your business requirements while you wait for your cheque(s) to clear.