How it works

How much funding do you offer?

We can provide between £25,000 and £10,000,000 at a time.

 

How do you calculate offers?

Funding offers are based on the current performance of your business, taking into account any outstanding debt, financial situation and levels of affordability.

What's the process?

  1. Create an account and submit an application here

  2. Our underwriting team will review and get back to you within 24 hours

  3. If successful, you’ll receive a funding offer

  4. Select the right offer for your business

  5. Start spending your funding

  6. Repayments will start automatically via direct debit

Criteria

What do I need to qualify?

Our minimum criteria is 12 months of trading history and £25k per month in revenue.

 
 

Which countries do you support?

Currently, we can support companies registered in the US, UK, Ireland, Netherlands, Germany, Spain and Australia.

Do you support sole traders?

Unfortunately, we can only support registered companies with 12 months of trading history.

Application

How long does it take to receive an offer?

We aim to process applications within 24 hours. You can check the status of your application by logging into your Outfund account.

What information do you need to submit an application?

We require the following information to submit an application:

  1. Company and director details

  2. Bank connection/statements

  3. Accounting software connection/recent financials

Will applying affect my credit score?

No, during our underwriting process, we only perform a soft credit check.

Why do I need to connect to my bank account?

We utilise Open Banking to securely connect to your business bank account with a read-only access. We require this connection to verify your financials and to calculate repayments. If you do not feel comfortable connecting your bank account we can accept 6 months worth of bank statements to provide an indicative offer.

How do you secure my company information?

Your data is securely used to enhance your experience at Outfund and offer us insights on how to build more financial products for the modern-day entrepreneur. We will never share your data with a third party without express consent. See our privacy policy for more details.

Repayments

How are repayments taken?

We offer either revenue share or fixed repayments. Both are taken via direct debit either on a daily or weekly basis.

How long do I have to pay back the funding?

We can offer funding over 3, 6, 9 and 12 months. Please note, that repayment options offered will vary based on business performance. 

When do repayments start?

Repayments will start as soon as your facility has been activated, regardless of spend, based on the agreed repayment structure.

How can I monitor repayments?

You can view all repayments on the "Repayments" tab on your Outfund account. 

Fees

Is there an application fee?

No, there is no application fee or any hidden fees.

How are your fees calculated?

Fees are set by our underwriting team and determined by your current business performance, along with the length of the repayment period.

Using funds

How can I access funds?

Funds can be accessed through any of the following:

Payment card - marketing spend only

Uploading an unpaid business-related invoice - subject to approval

Bank transfer - subject to approval and an additional 1% fee

How soon can I access funds?

Once activated, your Outfund account will be credited with the agreed funding amount. You can start spending through your payment card (marketing spend only) straight away and upload invoices which we aim to process within two working days.

How long does it take to process invoices/bank transfers?

We aim to process all payments within two working days.

How can I pay an international invoice?

For international invoices, funds are sent to your bank account so that you can use your preferred exchange provider. To upload an invoice, first create a new payee for your company, using your bank account details. Now, upload your invoice entering the equivalent amount in your Outfund account currency. 

How can I see my payment history?

You can view all payment transactions by navigating to your Outfund Wallet. 

Where can I find details of my payment card?

Your Outfund payment card details are available on the payment card tab in your Outfund dashboard. Please note, that you need to be the main account owner to access. 

My payment card has been declined. What do I do?

Spending will only be accepted for marketing-related transactions. If you think a transaction has been incorrectly declined, please email us at contact@out.fund.

What is the billing address for my payment card?

Please use your registered company address.

Customers

When can I apply for additional funding?

We can assess eligibility for additional funding once you have repaid at least 33% of your current facility - subject to credit.  

How do I apply for additional funding?

Once you have repaid at least 33% of your current facility, you will be able to request a top-up by logging into your Outfund account. 

How do I add a user to my account?

To add a new user, login to your Outfund account and navigate to "Members".