Become a multifi partner and unlock access to cutting-edge business finance products and lucrative referral fees that reward your success.
Become a multifi partner and unlock access to cutting-edge business finance products and lucrative referral fees that reward your success.
Home » Business finance for brokers and introducers
Our user-friendly online platform simplifies the business finance application process for brokers and introducers.
multifi Credit is Revolving and Unsecured
Customer fees:
Customer credit limit: £100,000
(monthly fee 0.3%-0.5%)
Credit used: £70,000
(2.49%-3.49% interest per 30 days)
Introducer Commission:
Upfront: £500
(0.5% of credit limit),
Trail over twelve months: £1,644
(8% of all fees taken)
Trail over 36 months :
£4,932*
*Based on an average customer lifespan of three years
multifi is committed to being a partner in the success of British businesses, offering innovative and flexible financial solutions designed to meet the unique needs of SMBs. Our basic Current Account is the first step in revolutionising how business operate, with further integrations being rolled out soon.
Reviews
multifi complements existing Invoice Finance agreements. Update your bank details with your provider to receive drawdowns into your new multifi Current Account.
Your multifi Current Account functions as a basic current account, allowing you to send payments, withdraw and deposit money, and includes an assigned bank account and sort code.
The typical calculation for credit limits is 15% of business turnover in the last 12 months turnover. Further factors to this calculation include:
Platform fees (0.3% – 0.5% of your credit limit) are calculated and collected monthly on the 8th
Interest is charged on the outstanding balance and collected monthly on the 8th
Customers must set up a standing order to ensure appropriate funds are in the Current Account when fees and repayments are taken. Please note, this requirement will soon be replaced by Direct Debits.
An automatic sweep from your Current Account to your nominated business account occurs daily at the close of business, adjusting for due fees. You can withdraw funds anytime. The sweep is enabled by default but can be disabled in your account settings.
Once a credit limit has been offered, the business has 14 days to decide. After that the business would have to reapply.
Learn how we empower businesses.
multifi provides unsecured credit based on business performance. This enables a faff-free approval process. A Personal Guarantee is required to help us provide unsecured lending at competitive rates while ensuring responsible lending practices.
multifi’s competitive foreign exchange rates mean you can make payments to payees and suppliers in more than 180 countries.
Borrow, repay, and borrow again up to your credit limit without needing to reapply each time for business finance.
Each credit payment you make is automatically split into six equal monthly repayments. For example, if you spend £6,000, this would be repaid as six monthly payments of £1,000 (plus applicable interest and monthly platform fees).
There are zero set-up fees and you pay a monthly fee of 0.3%-0.5% of your credit limit with an interest rate of 2.49%-3.49% per 30 days on used funds.
Complete the above form and we will be in touch with further information on how to become a partner.