myIOU Business+ is a business-to-business financing solution for suppliers to provide their purchasers with an alternative payment option on credit terms via a seamless and automated process.
Purchasers can facilitate financing by submitting an accepted invoice and other documents to myIOU. In return, myIOU will be paying suppliers the full invoice amount after deducting the service fee (MDR), while purchasers can enjoy repaying their bill to myIOU in flexible 4 instalments via FPX-linked automated transaction.
Everything is done online, hassle free from the comfort of your home. Purchasers and suppliers are able to create and upload documents onto their profile online. Zero paperwork!
Complete visibility of trade cycles, keep track and view them all in a place.
Allows purchasers to submit additional supporting documents via online to support finance requests.
Never miss a repayment with the help of automated Direct Debit via FPX-linked repayment.
Purchasers can submit up to 5MB of documentation in various formats such as JPG and PNG.
MDR is deducted from proceeds to supplier.
*Terms and conditions apply.