FriFrog® Your Partner for Growth
Introducing a revolutionary solution in supply chain finance:
Unlike other forms of supply chain financing, namely bank lenders, purchase order lenders, and factors, FriFrog® is an unsecured purchasing company.
FriFrog® will pay 100% of any invoice for the client's cost of goods sold on the client's behalf, allowing the client to capture early payment discounts from suppliers, unlock liquidity, and optimize their balance sheet.
FriFrog® immediately re-sells the product to the client by issuing them an invoice for the amount paid on their behalf, plus a markup, due in up to 180 days. This unsecured obligation is listed as a trade payable on the client's balance sheet, not debt. Early payment discounts captured by FriFrog® ‘s client often exceed the cost of FriFrog® 's markup, creating an unprecedented profit center for the client.
As a purchasing company, FiFrog does not require any collateral and never conflicts with existing or future debt covenants. Since its unsecured structure is not tied to a purchase order and does not require collateral, it has substantial flexibility in what can help its clients purchase:
Inventory
Raw Materials
Wholesale goods
Others Variable costs
Accounting Perspective
From an accounting perspective, the invoice issued to the client on extended payment terms is treated as a trade payable, not debt. FriFrog® 's clients enjoy enhanced operating and credit metrics as it reduces the client's reliance on other financing options while providing capital to grow. In many cases, the supplies purchased on the client's behalf can increase the borrowing base underlying the client's asset-based facilities, further improving the client's credit metrics and total liquidity.
Since 2018, it has deployed over $500 million to the global supply chain. FriFrog® 's principals come from the hedge fund and private credit industry. It is privately held and backed by the world's largest investors. FriFrog® 's unique unsecured structure is supported by FriFrog® 's relationships with A-rated insurance companies.
Proprietary Technology
5+ Years in Business
Backed by the World's Largest Investors
1,000+ Transactions
$500M+ Capital Deployed
FriFrog® offers a proprietary software ("SaaS") platform for clients wishing to streamline their invoice management.
Make it
FriFrog® prides itself on a streamlined and efficient client onboarding process. The time from FriFrog 's receipt of a complete application to payment of the first invoice is typically less than 30 days. FriFrog® initially requires the client's income statement and balance sheet for the latest two annual periods and a schedule of the client's latest payables and receivables. Audited financials are preferred but not necessary. FriFrog®'s internal underwriting team conducts an initial review of the financials and, if acceptable, forwards the financials to the insurance carrier for their review and a determination on how much they are willing to insure. FriFrog® then issues the client a term sheet, most likely matching the maximum insurable amount. FriFrog®'s underwriting team carefully analyzes the client's financials and payment history, and a site visit may be required before granting final approval.