[{"data":1,"prerenderedAt":672},["ShallowReactive",2],{"sanity-9Z2B3gI7j5":3,"sanity-WZhCEtnVph":80},{"announcementBanner":4,"defaultSeo":9,"footerBadgeImage":17,"footerColumns":18,"footerCopyright":44,"footerDescription":45,"footerSocialLinks":46,"headerCtaLink":59,"headerCtaText":60,"headerSocialLinks":61,"logoAlt":69,"logoPath":70,"mainNavigation":71,"siteName":79},{"enabled":5,"isExternal":5,"linkLabel":6,"linkUrl":7,"text":8},true,"Learn more","https://www.bulla.network/bulla-awarded-arbitrum-dao-grant-to-launch-pyusd-liquidity-pool-to-settle-freight-finance","Bulla is awarded Arbitrum DAO grant to launch PYUSD liquidity pool to settle freight finance onchain.",{"description":10,"ogImage":11,"title":16},"Onchain trade finance and accounting for the digital asset economy.",{"_type":12,"asset":13},"image",{"_ref":14,"_type":15},"image-ca45eb69b19c511ca9397cd473660d185e555b61-1054x664-png","reference","Bulla Network","https://cdn.sanity.io/images/9qakaoa7/production/bd6f9f2f25b46b6639f2c8d6cd9ade4116c69bf6-3072x3072.png",[19,32],{"links":20,"title":31},[21,25,28],{"isExternal":22,"label":23,"url":24},false,"View pools","https://banker.bulla.network/#/yield",{"isExternal":22,"label":26,"url":27},"Banker App","https://banker.bulla.network/#/onboard",{"isExternal":22,"label":29,"url":30},"Use Cases","/use-case","Product",{"links":33,"title":43},[34,37,40],{"isExternal":22,"label":35,"url":36},"Protocol","/protocol",{"isExternal":5,"label":38,"url":39},"Whitepaper","https://docs.google.com/document/d/e/2PACX-1vTBE1_cgMMK8YhTjIBS_u15Fo-ljTKAHd7RI7smqmTJeVyHT2AEgySF67EFuI2yGtTE_fi1-G2e-q4-/pub",{"isExternal":22,"label":41,"url":42},"Blog","/blog","Resources","© 2026 Bulla Network. All rights reserved.","The credit infrastructure layer for onchain trade and business finance. 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Before they get paid, however, the furniture maker has to pay wages to workers, costs to the timber supplier and rent to the landlord. The furniture maker has to start looking for a way to be paid sooner. Three options come up, and they sound almost the same, but they work quite differently.",[],"normal",{"_key":104,"_type":94,"children":105,"markDefs":110,"style":102},"3e2a77b94f85",[106],{"_key":107,"_type":98,"marks":108,"text":109},"4b9f39500cbc",[],"",[],{"_key":112,"_type":94,"children":113,"markDefs":118,"style":102},"c67888251e7d",[114],{"_key":115,"_type":98,"marks":116,"text":117},"ace1e8276165",[],"If the owner uses invoice financing, a lender advances money against the invoice and the furniture maker carries on dealing with the hotel group as before, chasing the payment and receiving it, then repaying the lender once it arrives. If the owner uses invoice factoring, the invoice is sold to a factoring company, which pays most of its value up front and then collects the payment from the hotel group itself. And if the hotel group happens to run a supply chain finance program, the hotel group itself approves the invoice and a funder pays the furniture maker early at a price based on the hotel group's credit rather than the furniture maker's own. In short, financing is a loan against the invoice, factoring is a sale of the invoice, and supply chain finance is a settlement solution your customer sets up for you.",[],{"_key":120,"_type":12,"alt":121,"asset":122},"9b77ee390fc7","Invoice Facotring VS Financing",{"_createdAt":123,"_id":124,"_rev":125,"_type":126,"_updatedAt":123,"assetId":127,"extension":128,"metadata":129,"mimeType":160,"originalFilename":161,"path":162,"sha1hash":127,"size":163,"uploadId":164,"url":165},"2026-11-05T18:45:28Z","image-470745c22d4915252d635a1b5708437a69aff08a-1278x864-png","fDdO7E65CQuztWEBXZQKxx","sanity.imageAsset","470745c22d4915252d635a1b5708437a69aff08a","png",{"_type":130,"blurHash":131,"dimensions":132,"hasAlpha":5,"isOpaque":5,"lqip":137,"palette":138,"thumbHash":159},"sanity.imageMetadata","V1S6Pl~qD%xu%MM{9F9FxuD%4nt7~q-;t7~qD%D%9Fay",{"_type":133,"aspectRatio":134,"height":135,"width":136},"sanity.imageDimensions",1.4791666666666667,864,1278,"data:image/png;base64,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",{"_type":139,"darkMuted":140,"darkVibrant":145,"dominant":148,"lightMuted":151,"lightVibrant":155,"muted":156,"vibrant":157},"sanity.imagePalette",{"_type":141,"background":142,"foreground":143,"population":144,"title":143},"sanity.imagePaletteSwatch","#565656","#fff",0.61,{"_type":141,"background":146,"foreground":143,"population":147,"title":143},"#424242",0,{"_type":141,"background":149,"foreground":143,"population":150,"title":143},"#7c7c7c",0.65,{"_type":141,"background":152,"foreground":153,"population":154,"title":143},"#bcbcbc","#000",0.58,{"_type":141,"background":152,"foreground":153,"population":147,"title":143},{"_type":141,"background":149,"foreground":143,"population":150,"title":143},{"_type":141,"background":158,"foreground":143,"population":147,"title":143},"#7f7f7f","PPgBBYBnlKJQhoaGmlhmf4d/jgcY","image/png","Screenshot 2026-11-05 at 1.45.09 PM.png","images/9qakaoa7/production/470745c22d4915252d635a1b5708437a69aff08a-1278x864.png",130246,"b39d91f07cf89ca73d41ba0ace738586e80c6283","https://cdn.sanity.io/images/9qakaoa7/production/470745c22d4915252d635a1b5708437a69aff08a-1278x864.png",{"_key":167,"_type":94,"children":168,"markDefs":174,"style":175},"a26ca8e5c746",[169],{"_key":170,"_type":98,"marks":171,"text":173},"a5b6cde77860",[172],"strong","What is invoice financing?",[],"h2",{"_key":177,"_type":94,"children":178,"markDefs":183,"style":102},"b7ec87ff5482",[179],{"_key":180,"_type":98,"marks":181,"text":182},"4ba91b35135a",[],"Invoice financing is a loan or credit line secured against your unpaid invoices. A lender advances a share of the invoice value, commonly around 80 to 90 percent, and you repay it with fees and interest when your customer pays.",[],{"_key":185,"_type":94,"children":186,"markDefs":191,"style":102},"75786b71549e",[187],{"_key":188,"_type":98,"marks":189,"text":190},"7df12109dda7",[],"You stay in charge of the customer relationship. You send the reminders, you receive the payment, and your customer may never know a lender is involved. In the UK and some other markets the same product is often called invoice discounting.",[],{"_key":193,"_type":94,"children":194,"markDefs":199,"style":175},"81afaa7d7e15",[195],{"_key":196,"_type":98,"marks":197,"text":198},"d415a6b62947",[172],"What is invoice factoring?",[],{"_key":201,"_type":94,"children":202,"markDefs":207,"style":102},"70f9675f825d",[203],{"_key":204,"_type":98,"marks":205,"text":206},"f6315ba36c1a",[],"Invoice factoring means selling your unpaid invoices to a factoring company. The factor pays you most of the invoice value up front, commonly around 80 to 90 percent, and releases the rest when your customer pays, less its fee.",[],{"_key":209,"_type":94,"children":210,"markDefs":214,"style":102},"a60a9a1a1334",[211],{"_key":212,"_type":98,"marks":213,"text":109},"e453a598fee9",[],[],{"_key":216,"_type":94,"children":217,"markDefs":231,"style":102},"c0910afd892f",[218,222,227],{"_key":219,"_type":98,"marks":220,"text":221},"7daccaf650a5",[],"The factor usually takes over collections, so your customer will be involved in the process. This is a welcome feature for some high volume/low overhead businesses, because it removes a lot of admin and chasing down of payments. Read more about ",{"_key":223,"_type":98,"marks":224,"text":226},"0b3fcc3f4698",[225],"ccd46d6f09ba","invoice factoring",{"_key":228,"_type":98,"marks":229,"text":230},"6db3748e03bc",[]," in our guide.",[232],{"_key":225,"_type":233,"href":234},"link","https://www.bulla.network/invoice-factoring-guide",{"_key":236,"_type":94,"children":237,"markDefs":242,"style":175},"7d08f7403fd8",[238],{"_key":239,"_type":98,"marks":240,"text":241},"7722507ac973",[172],"What is supply chain finance?",[],{"_key":244,"_type":94,"children":245,"markDefs":250,"style":102},"1f9c1c494806",[246],{"_key":247,"_type":98,"marks":248,"text":249},"418398a72f69",[],"Supply chain finance is a family of financing schemes that fund trade across a supply chain, both before and after goods ship. The best-known type is reverse factoring, where the buyer starts the program.",[],{"_key":252,"_type":94,"children":253,"markDefs":257,"style":102},"e04d58882f23",[254],{"_key":255,"_type":98,"marks":256,"text":109},"5007ff86d6eb",[],[],{"_key":259,"_type":94,"children":260,"markDefs":265,"style":102},"9290c3683ed4",[261],{"_key":262,"_type":98,"marks":263,"text":264},"99c62ae411d5",[],"In reverse factoring the buyer approves a supplier's invoice and commits to pay the funder on the due date. The funder pays the supplier straight away. Because the funder is relying on the buyer's credit, a small supplier can borrow at a lower cost than it could on its own. The buyer’s benefit for facilitating this service is usually longer payment terms.",[],{"_key":267,"_type":94,"children":268,"markDefs":272,"style":102},"9233473dbf14",[269],{"_key":270,"_type":98,"marks":271,"text":109},"7626b83692b2",[],[],{"_key":274,"_type":94,"children":275,"markDefs":280,"style":102},"119424ad1f4b",[276],{"_key":277,"_type":98,"marks":278,"text":279},"932a671cdafc",[],"The catch for a small business is access. You cannot sign yourself up. Your customer has to run a program, and you can only use it for that customer's invoices.",[],{"_key":282,"_type":94,"children":283,"markDefs":288,"style":175},"a6ed9b655bfc",[284],{"_key":285,"_type":98,"marks":286,"text":287},"5e400a79a443",[172],"What is the difference between invoice financing and invoice factoring?",[],{"_key":290,"_type":94,"children":291,"markDefs":296,"style":102},"699ae6ef6bcb",[292],{"_key":293,"_type":98,"marks":294,"text":295},"3fcf8ddace49",[],"Two things: ownership of the invoice and who collects.",[],{"_key":298,"_type":94,"children":299,"markDefs":303,"style":102},"3f9b9a1fc68f",[300],{"_key":301,"_type":98,"marks":302,"text":109},"7d600e22b9b2",[],[],{"_key":305,"_type":94,"children":306,"markDefs":311,"style":102},"667f5d91fb63",[307],{"_key":308,"_type":98,"marks":309,"text":310},"be6ce93f970f",[],"Financing keeps the invoice yours. It is collateral. Factoring transfers it. The factor owns the right to be paid, so the factor chases the payment. Cost follows structure. Factoring charges are often higher because the factor is doing more of the work, but fees vary widely by provider and by how long the invoice stays open, so it’s beneficial to compare total cost over the life of the invoice and not the headline rate.",[],{"_key":313,"_type":94,"children":314,"markDefs":319,"style":175},"cd240c16317c",[315],{"_key":316,"_type":98,"marks":317,"text":318},"f44271e921cb",[172],"What does recourse mean, and why does it matter?",[],{"_key":321,"_type":94,"children":322,"markDefs":327,"style":102},"e38f426a70f3",[323],{"_key":324,"_type":98,"marks":325,"text":326},"ebb2df9936fe",[],"Recourse decides who absorbs the loss when a customer does not pay. It applies to factoring and is often confused with the financing question above.",[],{"_key":329,"_type":94,"children":330,"level":89,"listItem":339,"markDefs":340,"style":102},"81dbb08ca5e5",[331,335],{"_key":332,"_type":98,"marks":333,"text":334},"3ac66ebfb078",[172],"Recourse:",{"_key":336,"_type":98,"marks":337,"text":338},"121fdfebfe14",[]," if the invoice stays unpaid past an agreed window, you buy it back or swap in another invoice.","bullet",[],{"_key":342,"_type":94,"children":343,"level":89,"listItem":339,"markDefs":352,"style":102},"816b4640d40f",[344,348],{"_key":345,"_type":98,"marks":346,"text":347},"9439eaf1f79e",[172],"Non-recourse:",{"_key":349,"_type":98,"marks":350,"text":351},"7690a22c69ed",[]," the factor takes certain credit losses, mainly a customer's insolvency, and charges more for it.",[],{"_key":354,"_type":94,"children":355,"markDefs":360,"style":102},"d586ddcefa6b",[356],{"_key":357,"_type":98,"marks":358,"text":359},"6654be91bb15",[],"Read the exclusions before you rely on non-recourse. Disputes, short payments, missing delivery paperwork and fraud typically stay with you.",[],{"_key":362,"_type":94,"children":363,"markDefs":368,"style":102},"5b2f26a7af90",[364],{"_key":365,"_type":98,"marks":366,"text":367},"04a14cf75300",[],"\n",[],{"_key":370,"_type":12,"alt":371,"asset":372},"a59f8fb1d8cb","Which one fits a small business?",{"_createdAt":373,"_id":374,"_rev":375,"_type":126,"_updatedAt":373,"assetId":376,"extension":128,"metadata":377,"mimeType":160,"originalFilename":402,"path":403,"sha1hash":376,"size":404,"uploadId":405,"url":406},"2026-11-05T18:46:36Z","image-1f3a53878c27e3ed9efbd3545c8f5bba925ed832-1300x944-png","fDdO7E65CQuztWEBXZQUBh","1f3a53878c27e3ed9efbd3545c8f5bba925ed832",{"_type":130,"blurHash":378,"dimensions":379,"hasAlpha":5,"isOpaque":5,"lqip":383,"palette":384,"thumbHash":401},"V1SPX_00-;_39Z?b00%M?vD%IUM{WB-;of?bM{M{ay-;",{"_type":133,"aspectRatio":380,"height":381,"width":382},1.3771186440677967,944,1300,"data:image/png;base64,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",{"_type":139,"darkMuted":385,"darkVibrant":388,"dominant":390,"lightMuted":391,"lightVibrant":394,"muted":396,"vibrant":399},{"_type":141,"background":386,"foreground":143,"population":387,"title":143},"#444444",0.85,{"_type":141,"background":389,"foreground":143,"population":147,"title":143},"#77300d",{"_type":141,"background":386,"foreground":143,"population":387,"title":143},{"_type":141,"background":392,"foreground":153,"population":393,"title":153},"#d9c2bf",0.03,{"_type":141,"background":395,"foreground":153,"population":147,"title":153},"#fcece4",{"_type":141,"background":397,"foreground":143,"population":398,"title":143},"#826d6d",0.01,{"_type":141,"background":400,"foreground":143,"population":147,"title":143},"#e55d19","PAgCBYCQdohEmHZ3h0h3WnLQLAfN","Screenshot 2026-11-05 at 1.46.24 PM.png","images/9qakaoa7/production/1f3a53878c27e3ed9efbd3545c8f5bba925ed832-1300x944.png",117428,"17f2d22ed0111baf6e1bf003ff3d55bbb8bdb963","https://cdn.sanity.io/images/9qakaoa7/production/1f3a53878c27e3ed9efbd3545c8f5bba925ed832-1300x944.png",{"_key":408,"_type":94,"children":409,"markDefs":414,"style":175},"fe8b78b0e444",[410],{"_key":411,"_type":98,"marks":412,"text":413},"2096ab8abad7",[172],"Where does Bulla fit?",[],{"_key":416,"_type":94,"children":417,"markDefs":422,"style":102},"f5925caf6092",[418],{"_key":419,"_type":98,"marks":420,"text":421},"43b831fbc815",[],"Bulla’s current model is closest to factoring in spirit: Originators are paid for an approved invoice before the customer/debtor pays it. What changes is the plumbing. The invoice is tokenized, a pool manager approves it, a liquidity pool funds it, and the record is visible onchain where every party can see it. Pool owners can customize the terms of their pools.",[],{"_key":424,"_type":94,"children":425,"markDefs":429,"style":102},"36099dc086af",[426],{"_key":427,"_type":98,"marks":428,"text":109},"44f7a92ee37c",[],[],{"_key":431,"_type":94,"children":432,"markDefs":437,"style":102},"4f6c9f7baa84",[433],{"_key":434,"_type":98,"marks":435,"text":436},"2677d569a2ee",[],"Going forward, Bulla is now customizing pools to fit any originator or Liquidity Provider’s terms and conditions.",[],{"_key":439,"_type":94,"children":440,"markDefs":444,"style":102},"c7f958830a91",[441],{"_key":442,"_type":98,"marks":443,"text":109},"ba3cf6bc2790",[],[],{"_key":446,"_type":94,"children":447,"markDefs":461,"style":102},"2636c6e4484b",[448,452,457],{"_key":449,"_type":98,"marks":450,"text":451},"ef30efd520f4",[],"When you look at any pool, however, it will be important to ask, “Who collects?,” “Who carries the loss if the customer does not pay? And, “What do the fees add up to? Our ",{"_key":453,"_type":98,"marks":454,"text":456},"d7c6e8d93966",[455],"376a672fbedb","overview of how Bulla finances invoices",{"_key":458,"_type":98,"marks":459,"text":460},"7607b7a3e4a1",[]," walks through the process.",[462],{"_key":455,"_type":233,"href":463},"https://www.bulla.network/how-Bulla-finances-invoices-onchain",{"_key":465,"_type":94,"children":466,"markDefs":471,"style":175},"faa220fa7a4e",[467],{"_key":468,"_type":98,"marks":469,"text":470},"46621b2e048f",[172],"Frequently asked questions",[],{"_key":473,"_type":94,"children":474,"markDefs":478,"style":102},"c82361015f24",[475],{"_key":476,"_type":98,"marks":477,"text":287},"94db76baafce",[172],[],{"_key":480,"_type":94,"children":481,"markDefs":486,"style":102},"97212b3cf42f",[482],{"_key":483,"_type":98,"marks":484,"text":485},"b11e45bb7de3",[],"Invoice financing is a loan secured against your invoices, and you keep collecting from customers. Invoice factoring sells the invoices to a factor, who collects instead of you.",[],{"_key":488,"_type":94,"children":489,"markDefs":493,"style":102},"d4e7e707e33a",[490],{"_key":491,"_type":98,"marks":492,"text":109},"dd0aee429636",[],[],{"_key":495,"_type":94,"children":496,"markDefs":501,"style":102},"e9da34c2d9a6",[497],{"_key":498,"_type":98,"marks":499,"text":500},"1ea5eb62d27e",[172],"Is invoice discounting the same as invoice financing?",[],{"_key":503,"_type":94,"children":504,"markDefs":509,"style":102},"e4ab15025b44",[505],{"_key":506,"_type":98,"marks":507,"text":508},"00b2713d9972",[],"In most markets, yes. Discounting is the common UK name for the borrowing-against-invoices model, where the seller keeps collections.",[],{"_key":511,"_type":94,"children":512,"markDefs":516,"style":102},"84e69fdd8dac",[513],{"_key":514,"_type":98,"marks":515,"text":109},"ef7620e1d43d",[],[],{"_key":518,"_type":94,"children":519,"markDefs":524,"style":102},"3a6b81f7d905",[520],{"_key":521,"_type":98,"marks":522,"text":523},"f8515ddcc13a",[172],"Is supply chain finance the same as reverse factoring?",[],{"_key":526,"_type":94,"children":527,"markDefs":532,"style":102},"6a1c80d3bad8",[528],{"_key":529,"_type":98,"marks":530,"text":531},"c4a9a42b490d",[],"Reverse factoring is one type of supply chain finance. The term also covers other schemes that fund trade before and after shipment.",[],{"_key":534,"_type":94,"children":535,"markDefs":539,"style":102},"249a1922fb60",[536],{"_key":537,"_type":98,"marks":538,"text":109},"7f88f43ed0d1",[],[],{"_key":541,"_type":94,"children":542,"markDefs":547,"style":102},"58aea1d6bc6c",[543],{"_key":544,"_type":98,"marks":545,"text":546},"72b7e28c73ae",[172],"Who pays for supply chain finance?",[],{"_key":549,"_type":94,"children":550,"markDefs":555,"style":102},"29b96b4c7232",[551],{"_key":552,"_type":98,"marks":553,"text":554},"41b713aa6cbf",[],"The supplier usually pays the funder's discount for getting cash early, priced on the buyer's credit. Check your agreement, because the allocation of cost can differ by program.",[],{"_key":557,"_type":94,"children":558,"markDefs":562,"style":102},"6583795f778f",[559],{"_key":560,"_type":98,"marks":561,"text":109},"b2f5c918e343",[],[],{"_key":564,"_type":94,"children":565,"markDefs":570,"style":102},"cdc5fa4132c4",[566],{"_key":567,"_type":98,"marks":568,"text":569},"a3b1185bbdd9",[172],"Does a customer know when a supplier uses invoice financing?",[],{"_key":572,"_type":94,"children":573,"markDefs":578,"style":102},"fd0f68a321fa",[574],{"_key":575,"_type":98,"marks":576,"text":577},"33eff75beef6",[],"Not necessarily, because you can keep control over collections. 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Differences come down to technicalities, like who funds? Who collects? And who carries the risk?",{"alt":663,"asset":664},"Invoice Financing vs Invoice Factoring vs Supply Chain Finance: What Is the Difference?",{"_id":665,"url":666},"image-0cd2b29420ef6658ca68e4cc797c337277d18ee6-1050x528-png","https://cdn.sanity.io/images/9qakaoa7/production/0cd2b29420ef6658ca68e4cc797c337277d18ee6-1050x528.png","2026-11-05T18:42:00.000Z",2,{"_type":670,"current":671},"slug","invoice-financing-vs-invoice-factoring-vs-supply-chain-finance-what-is-the-difference",1793975258693]