NC Company Overview
Advanon is a platform that offers invoice financing to small and medium sized businesses. Typically, a business can have to wait anywhere from 30 to 120 days after completing work and invoicing for their customers to pay, and for that money to be available for the business to use again. With invoice financing, companies can unlock the capital in invoices that are pending payment, allowing them to avoid cashflow problems and to reinvest the money they have earned into the company faster. Advanon connects investors with companies who want to have their invoices pre-financed in this way, serving as an intermediary for financial services businesses and SMEs.
Advanon, based in Zurich, Switzerland, was launched by Phil Lojacono, Philip Kornmann, and Stijn Pieper in 2015. Advanon is fully licensed and authorized as a financial intermediary and compliant with the Anti Money Laundering Act.
As of May 2019, Advanon has had days when it has financed over 1 million EUR, and is striving towards growth. It has a small but expert team of around 36 employees, comprising people of 16 different nationalities, giving them international insights into financing and technology. Investment partners include AXA, bexio, Swisscom, Venture Kick, and Deutsche Bank.