myIOU Business+ - myIOU myIOU myIOU Business+ - myIOU

Introducing myIOU Business+


myIOU Business+ is a business-to-business financing solution for suppliers to provide their purchasers with an alternative payment option on credit terms via a seamless and automated process.


Purchasers can facilitate financing by submitting an accepted invoice and other documents to myIOU. In return, myIOU will be paying suppliers the full invoice amount after deducting the service fee (MDR), while purchasers can enjoy repaying their bill to myIOU in flexible 4 instalments via FPX-linked automated transaction.



Why myIOU Business+?


Key Features

Easy sign up process

Everything is done online, hassle free from the comfort of your home. Purchasers and suppliers are able to create and upload documents onto their profile online. Zero paperwork!



Online reporting

Complete visibility of trade cycles, keep track and view them all in a place.



Online initiation of transactions

Allows purchasers to submit additional supporting documents via online to support finance requests.



Repayment Automation

Never miss a repayment with the help of automated Direct Debit via FPX-linked repayment.



Document Management

Purchasers can submit up to 5MB of documentation in various formats such as JPG and PNG.



MDR Charges

MDR is deducted from proceeds to supplier.



*Terms and conditions apply.

Sign Up for Business+

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