FundTap: on-demand funding for individual invoices

A sole-trader electrician sends a $7k invoice to a builder. Payment terms are 30 days, but the builder routinely pays at day 45. Meanwhile the electrician needs to restock cable and pay the apprentice. Traditional invoice finance usually isn’t built for a business this size. FundTap is.

FundTap funds individual invoices, one at a time, for small businesses and sole traders in New Zealand and Australia. It’s run from Nelson in New Zealand and lists an Australian contact number. There’s no lock-in and no minimum number of invoices. This profile is drawn from FundTap’s own website as at October 2026; check current terms with FundTap before you sign up.

What exactly does FundTap offer?

One product, kept simple:

• Single-invoice funding. Choose any unpaid invoice from your accounting software and FundTap advances up to 90% of its value.
• An approved limit. Once approved, you have a limit you can draw on invoice by invoice. FundTap says it costs nothing while unused, refreshes as soon as a funded invoice is repaid, and grows over time.
• Accounting connections. It links with Xero, MYOB, QuickBooks and Reckon, although FundTap says not using one of them isn’t automatically a no.

FundTap charges a flat fee per funded invoice rather than a running facility fee, and lists no setup, monthly, break or early repayment fees. Ask it to quote the fee in dollars on your actual invoice before you draw.

Who can use it?

FundTap’s eligibility page sets a deliberately low bar:

Criterion	FundTap’s published guide
Trading time	At least three months
Revenue	More than $5k a month
Who you invoice	Businesses or consumers, on terms, for work already done
Invoice status	Unpaid and not yet past its due date
Invoice terms	Most funded invoices are due within 60 days; longer terms reviewed individually
Where you trade	New Zealand or Australia

A couple of these are unusual. For one, FundTap will fund invoices to consumers as well as businesses, which most Australian invoice financiers won’t. Second, it publishes a minimum of only three months’ trading, against the 6 to 12 months common elsewhere.

It won’t suit businesses paid at the till or on the spot, anyone needing money before they’ve invoiced, or funds for personal use. Our page on sole trader business loans covers other options for very small operators.

How a FundTap funding actually plays out

Here’s the sequence as FundTap describes it, using the electrician’s $7k invoice:

1. Pick the invoice. The electrician selects it in the FundTap portal, synced from their accounting software.
2. Approval. FundTap’s team reviews it, usually within a day for a first application. The invoice and the builder’s creditworthiness matter, not just the electrician’s.
3. Funding. Once approved, FundTap sends up to 90%, here up to $6,300, within two hours.
4. Customer pays as normal. The builder pays the electrician directly, on their usual terms. FundTap doesn’t contact the builder.
5. Repayment. On the due date, FundTap collects the advance plus its fee by direct debit from the electrician.

Step five is the one to plan for. The direct debit comes out on the due date you set, whether or not your customer has paid yet. If the builder runs late, you can push the date back by up to seven days in the portal (14 days after your first two fundings), as long as you do it a business day ahead. Beyond that, you need to arrange it with FundTap, and the fee may rise. Set the repayment date to when your customer actually pays, not when they’re supposed to; our glossary entry on debtor days helps you work that out.

You can also repay early in the portal, and FundTap says the fee drops automatically when you do.

If slow-paying customers are a constant problem rather than an occasional one, tell us about your business and we’ll look at whether a larger facility or a loan would do the job at lower cost.

The credit check: when it happens

FundTap says it runs a credit check on the business and its owners as part of the application, and that check is recorded on your credit file. It also says a small credit issue you’ve already cleared, with proof, usually isn’t what stops an application.

If you’re shopping around, that’s worth keeping in mind: several applications in a short window can make your file look busier than it is. We cover how lenders read a crowded file in business loans with too many credit enquiries.

Who does FundTap suit?

• Tradies, contractors and service businesses invoicing on 14 to 60-day terms, who need occasional help bridging to payday.
• New businesses with only a few months of trading behind them.
• Sole traders, and businesses invoicing consumers on terms.
• Owners who want control, funding only the invoices they choose with no lock-in.

It’s less suited to businesses wanting a large, permanent facility, those whose invoices are already overdue, and anyone who’d rather the funder handled collections.

Questions to ask FundTap

1. What is the fee in dollars on this specific invoice, for the date I expect payment?
2. If my customer never pays, am I liable for the advance? (Its repayment page doesn’t say.)
3. What security or guarantees, if any, are taken?
4. How quickly will my limit grow, and what drives it?
5. Which invoices or customers would you decline?

Similar lenders, and options if FundTap can’t help

• Want selective funding with larger amounts? Fifo Capital publishes selective invoice finance from $10k.
• Ready for a whole-ledger facility? Compare Invoice Money and Earlypay, or read our explainer on invoice factoring.
• Need cash before you can invoice? A short unsecured business loan or business line of credit is the more natural fit.
• Customer refusing to pay at all? Funding won’t fix a genuine dispute. The federal small business ombudsman (ASBFEO, linked in our sources) can help with that, and a statutory demand is one formal tool for undisputed debts.

Small invoices, real cash flow pressure

Waiting on a few thousand dollars can hurt as much as waiting on a few hundred thousand when you’re small. Single-invoice funding is a useful tool, but it isn’t always the cheapest or the right one.

If you’d like help weighing it up, our form is the place to start. Allow a minute or so to complete it. Sending it doesn’t put a single mark on your credit report. We handle your enquiry ourselves instead of broadcasting it far and wide, and someone here personally reads it before ringing you. Tell us about your invoices, terms and usual payment delays exactly as they are; candid answers mean our opening suggestion is much more likely to suit.

Talk to us about your unpaid invoices →