Writing code while living in ⛰ & 🏖 | Ex https://t.co/CdmpEj98qj & https://t.co/3Iffeckm68 | in ❤ with Javascript & Golang | Fintech 🤑 & 🌐 Web Performance Enthusiast
Dec 4, 2022 • 11 tweets • 3 min read
The ninth financial instrument which I want to share with you all is Invoice Discounting.
Before I deep dive into what it is & how you can use it, I will explain a simple scenario that businesses usually face.
Contd.
Most businesses in India run on credits especially at the producer's end ( aka company / person supplying material ).
Many a times, these businesses supply the product & then may have a 30/60/90 days or longer period before they receive payments.