Pretty much, additionally just check the company from where payment is supposed to come after 90-180 days. If it's a reputed company, you'll be sortedThanks for revert; I have developed strategy to tackle on the above Risk.
1. Application Risk - Low in case of Tyke (thanks for confirmation)
2. Fund Safety - Investing in only those Invoice, wherein
a) The Company has raised atleast 10 Invoice earlier on the platform
and
b) Timely repayment is 100% as per records of Previous Invoices (which is mentions in Application)
3. Business Safety - Since the ticket period is small (less than 180 Days), there is a very low chance of a Business being insolvent.
Do you think, I have covered the risk in a well round manner, as its a new form of investment as compared to FD and Market, and I am interest yet cautious on this.
Sure thanks, for your time and feedback
For the Company thing, I'm keeping in mind only the brands which are very well known and popular should be the ones where the funds should be applied, as the ticket size is minimum 10K and for 30 days its offering somewhat 113 Rs.
Thanks, Mr Shavir
I have very keen to invest in Tyke invoice discount but hesitant due to various.Pretty much, additionally just check the company from where payment is supposed to come after 90-180 days. If it's a reputed company, you'll be sorted
Hie,@shavir
I have very keen to invest in Tyke invoice discount but hesitant due to various.
a) I havent seen any where were tyke has mention that all the invoice are counter checked that is with the the buyer ..(there could multiple ways a seller can mis sell the invoice which I'm not sure (e.g listing a old invoice or list the invoice in other platform, all of which could only be know if due deligence is done with the buyer.) is covered by Tyke or not.
b) Tyke has also not brought any light about
i) the financial history of seller.
ii) the past history of invoice (taken on tyke by the seller, and there progress.
)
So basically there are a plenty of these small but important question which Tyke can address would be great.