Bill Discounting is a practice of using a company’s unpaid invoices to raise working capital and fulfill its financial needs. It involves the transfer of rights on an asset from the seller (i.e business) to the financer (i.e investor) at an agreed value.
Wizcaps is a market platform providing business owners to sell and investors to purchase
invoices raised on bluechip companies.
Investors looking to invest money for short term (30-90 days) can earn attractive returns on their investments by purchasing these future cash flows.
Individual investors, HUF / Proprietorship registered in India, Institutional investors Banks, NBFCs, NRI investors (Provided you have an NRO account and comply with basic pre- defined KYC guidelines- Pan card and valid Indian address proof.) and other Financial Institutions can invest with wizcaps.
Wizcaps operates through Escrow Accounts. The escrow accounts are opened in Investor's name and at no point Wizcaps can withdraw funds to other accounts. The funds are directly transferred to the borrower's account.
You can start investing from a minimum of INR 50,000.
Yes, You can request to pull back full or partial amount from your Wizcaps account to Personal account. we credit your funds within 24 hrs of your request. You can pull back your funds from the Escrow Account unless they are deployed.
Wizcaps does not play a role in deciding the discount rates of the invoices. Investors can set their preferences on the kind of investment deals and the minimum and max returns expected with the Wizcaps online account. Accordingly the system fetches deals matching your preferences and the amount in the account.
Wizcaps cannot guarantee returns. However, Wizcaps ensures all the investors funds/deals are protected through legal frameworks, Post Dated Cheques and underwriting process . All invoices are thoroughly vetted by our risk management team before they are booked on the platform. Risks, Credit Insurance, Buyer/Seller information associated with the Deals will be upfront notified to the investor.
No, Wizcaps is serious about data privacy and we maintain complete confidentiality of your private & financial data and we are legally bound by our privacy policy to not share the data. We request you to read our privacy policy and term of use for additional details.
Any investment comes with its own associated risk. However, we have taken several steps to mitigate the risk – both strategically and operationally.
Credit insurance - All/some of the deals are backed by our partner insurance companies. However for the deals with no credit insurance we inform you ahead of the deal.
Comprehensive risk management framework – With our innovative risk management software and Detailed credit analysis of sellers & Buyers and their financials at onboarding
Verification process - All Invoices will be thoroughly validated and checked before they are booked on the platform.
Strong legal framework – All sellers and buyers are required to sign our legal agreements to ensure our investors are well protected.
If a company does not pay the invoice money in future – the small business is still liable to pay the money owed to the investor.
If the small business collapses, the blue-chip company would still pay the invoice money and this will be paid directly into the escrow account which will be transferred to the investor.
Wizcaps in collaboration with their partner bank has facilitated opening of an escrow account for each individual member. All transfer of funds happen through these escrow accounts. In case of liquidation of Wizcaps due to any financial/legal reason, money in member's escrow account will be returned to the respective owners immediately. Money involved in the process will not be transferred to Wizcaps's account at any stage.
G-Square Business Park
Office No.1401,14th Floor
Sector 30A, Vashi
Navi Mumbai, 400705
Landmark: Opposite to Sanpada Railway Station
+91 8104858367
info@wizcaps.com