Tola's Pay Later offering has been inspired by supply chain financing, which for generations has allowed businesses of all sizes to access asset-specific alternatives to traditional lending.
By utilizing Tola Pay later we allow companies to ensure they pay their obligations on time, but keep their cash in their bank account for longer - potentially after receiving payment for products sold or services rendered.
Our service can address your cash flow conversion cycle needs and maximise the potential for early payment discounts offered by your suppliers.
Pay Later allows you to pay a vendor today, but return payment to Tola 30, 60 or 90 days later for a flat fee. It's available directly in the product under Pay.
This service is performed across three steps:
Tola pays the full invoice amount to your vendor upfront
You choose pay 30, 60 or 90 days later
We send you an invoice with a small fee within Tola to pay us back
You are able to see the entire history of Pay Later transactions under Financing, along with all the open outgoing payments and repayments scheduled in one place.
Pay Later with Tola is subject to accompanying terms available within the product, which you should review prior to using.