Solna

Solna is the first and only invoicing platform of its kind to leverage credit score data to provide users with a clearer picture of their customers' financial health. This means that users have valuable insight into risks by helping them recognise in advance if a specific client is likely to pay on time or default. But this is more than just a fancy feature; it forms the core of what makes Solna so powerful. In the same way that ClearScore (acquired by Experian) gives consumers insight into their credit score and provides them with tailored financial services, Solna will offer financial services to SMEs looking for solutions to late payments. By tying in companies' credit scores to their invoicing behaviour, Solna will be able to propose late payment mitigation tools based on each individual user's specific needs while pre-approving them for financial services -- without needing to go through the standard application process. One of the platform's biggest efficiency drivers is its ability to automate the overdue invoice-chasing process, saving users time and allowing them to focus on more important tasks. Solna also harnesses sophisticated algorithms to pre-approve users for working capital -- eliminating the application process and expediting funding. But Solna isn't just for small business users.