Legal agreement between you and InvoKap
Version: November 2025
InvoKap is a B2B platform operated by FINORYS SAS (France) that facilitates the sale and purchase of trade receivables. It provides tools for listing, buying, signing, paying, and notifying commercial invoices between verified businesses. FINORYS SAS is not a regulated financial institution and does not provide payment services.
Only legally registered companies may use the platform. Each user must verify their identity and banking details. FINORYS SAS reserves the right to refuse or terminate access in case of suspicion of fraud, identity falsification, or breach of platform rules.
The seller is solely responsible for ensuring that each listed receivable:
The platform offers two sale modes: direct sale (fixed discount) and marketplace (negotiated offers).
Buyers may select one or more receivables and submit a purchase offer. Once the offer is accepted by the seller, a digital contract is generated and signed electronically via SMS.
The Buyer shall pay the purchase price exclusively to a dedicated payment account / dedicated IBAN provided by a regulated Payment Institution / Electronic Money Institution (the “Payment Partner”), using the mandatory reference communicated by InvoKap for the transaction.
Upon confirmation of Buyer payment and digital signature by both Parties, and after objective platform checks (identity/compliance, document consistency, payment confirmation):
After debtor notification, the Debtor must pay exclusively to the same dedicated payment account (dedicated IBAN provided by the Payment Partner), using the mandatory reference communicated in the notification. Upon receipt of funds from the Debtor, the Payment Partner (and not FINORYS) allocates and transfers the received amount to the Buyer according to the contractual workflow.
FINORYS SAS acts as the platform operator and workflow coordinator only. FINORYS SAS does not provide payment services, does not hold client funds, and does not execute transfers. All holding/safeguarding, allocation and transfers of funds are performed exclusively by the Payment Partner under its own regulatory authorization.
Upon completion of the sale (signed contract and confirmed payment), the debtor must be formally notified of the assignment of receivables. This notification must include:
The seller is legally and contractually responsible for ensuring that the debtor is properly and timely informed of the assignment. Even if the platform assists with or sends the notification, the seller remains liable in case of failure, error, or rejection by the debtor.
In case of non-notification, incomplete notification, or fraudulent omission, the seller shall bear full responsibility and indemnify FINORYS SAS and the buyer for any direct or indirect damages.
This Platform is operated by FINORYS SAS, a France-registered company. However, transactions conducted through InvoKap may involve counterparties and debtors located in different jurisdictions.
The assignment of a receivable is governed by the applicable law of the debtor’s country of incorporation, unless otherwise stated in the contract. All parties are responsible for ensuring that their transactions comply with the legal and regulatory framework of the country concerned.
FINORYS SAS acts solely as a neutral intermediary and declines all liability in case of non-compliance with local laws. Any disputes relating to the Platform itself (not the receivable) shall fall under the exclusive jurisdiction of the competent courts of France.
All transactions require dual electronic signatures verified via SMS. Once both parties have signed, the contract becomes binding. FINORYS SAS retains a timestamped copy for compliance and audit purposes.
7.0 Buyer Mandate (Insurance & Recovery) – Scope and Nature
By using the platform and signing the assignment agreement, the Buyer expressly mandates FINORYS SAS, on a non-exclusive basis,
to (i) coordinate and perform amicable recovery actions, (ii) prepare, file and follow up insurance claims for eligible receivables,
and (iii) coordinate administrative steps with the insurer, the Payment Partner and the Parties, strictly as a mandated service provider / workflow coordinator
and under an obligation of means. FINORYS SAS does not provide legal advice and does not act as an attorney.
7.1 Credit Insurance Framework (FINORYS policy – 90% indemnification rate)
FINORYS SAS has subscribed a credit insurance policy with an insurer partner for receivables identified as “insurable” on InvoKap.
For such receivables, the insurance policy provides an indemnification rate of 90% of the insured base, strictly subject to the policy terms
(eligibility criteria, exclusions, waiting periods, documentation requirements, deductibles, caps, claim procedures and deadlines).
The remaining 10% and any non-covered amounts remain at the exclusive risk of the Buyer.
7.2 Insurable receivable – amicable recovery, claim filing and payment routing
In case of non-payment at due date for an insurable receivable:
7.3 Non-insurable receivable – risk borne by Buyer
For receivables marked as “non-insurable”, no credit insurance coverage applies. The Buyer bears the entire risk of non-payment,
without recourse against FINORYS SAS, except in case of proven fraud or gross negligence by FINORYS SAS.
7.4 No guarantee of collection / no guarantee of claim acceptance
Recovery actions and insurance handling constitute an obligation of means, not an obligation of result.
FINORYS SAS does not guarantee collection, debtor solvency, insurer acceptance, or indemnity payment.
Any decision to accept/refuse a claim and any indemnity computation are made solely by the insurer under the policy.
7.5 Seller cooperation and evidence
The seller undertakes to provide without delay all documents required for recovery/claims (invoices, contracts/POs, delivery/acceptance evidence, correspondence, debtor details, etc.).
Any claim rejection or reduction caused by missing/defective evidence attributable to the seller may trigger the repurchase obligation under the assignment agreement.
7.6 No insurance brokerage / no advice
FINORYS SAS is not an insurance broker and does not provide insurance advice or recommendations.
FINORYS SAS applies a fixed commission rate of 1.5% on the gross value of each receivable sold, as set out in the assignment agreement/transaction terms. The commission is deducted according to the workflow after objective checks, signatures and payment confirmation. A commercial invoice is issued to the seller after every successful transaction.
FINORYS SAS is not liable for:
Each user is solely responsible for verifying legal, tax, and regulatory compliance in their jurisdiction. FINORYS SAS may only be held liable in case of proven gross negligence or fraud and, in any event, its aggregate liability shall not exceed the platform commission effectively collected for the relevant transaction.
FINORYS SAS may suspend or remove a listing at any time if:
Where applicable, the Payment Partner may hold funds until final resolution according to its own regulatory obligations and procedures. Repeated violations may result in account termination.
FINORYS SAS – InvoKap
Email: contact@invokap.com
UK Landline: +44 20 3951 3063 | UK Mobile: +44 7783 367827
FR Landline: +33 9 54 74 14 60 | FR Mobile: +33 6 52 52 56 90
FINORYS SAS collects and processes personal and business data in compliance with GDPR and applicable laws. Users agree to keep confidential all non-public information accessed through the platform, including debtor identity, transaction details, buyer/seller information and insurance-related information.
FINORYS SAS reserves the right to update these Terms of Use at any time to reflect legal, technical, or operational changes. Users will be informed of significant modifications via email or dashboard notifications. Continued use constitutes acceptance.
Users agree not to bypass InvoKap by entering into direct agreements with the debtor or the counterparty (buyer/seller) regarding the same receivable outside the platform. Any attempt to circumvent may result in account termination and contractual penalties as provided in the transaction documentation.
InvoKap, operated by FINORYS SAS, does not act as a financial advisor, credit broker, insurance broker, or regulated intermediary of any kind. FINORYS SAS does not provide payment services. The safeguarding/holding and transfers of funds are performed exclusively by the Payment Partner under its own regulatory authorization.
Last updated: June 14, 2025
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