Industrial commerce company Inxeption has incorporated solar procurement financing into its industrial marketplace ecosystem. This integration enables solar buyers (like large-scale solar installers and developers) to grow their businesses through extended payment terms.
“Traditional financing terms are hurting clean energy growth,” said Inxeption CCO Josh Allen. “The entire solar energy product supply chain is constrained by a lack of working capital and heightened volatility in global freight transportation. Instead of getting multiple projects off the ground simultaneously, today’s solar installers are at the mercy of strained cash flow.”
Inxeption’s new fintech integration addresses these challenges by providing embedded financing for orders placed through Inxeption’s Industrial Marketplace. With an instant qualification process, no pre-payment penalties and an all-in price for products, services and financing, Inxeption is reimagining industrial purchase workflows.
“Installers can now use the Inxeption Industrial Marketplace to take advantage of extended financing and track the status of their orders from our diverse inventory of products in real-time – no more worrying about on-time deliveries or limited financing terms,” said Erin Clark, president of Inxeption Energy. “Inxeption also helps reduce materials costs while providing reliable logistics expertise from a centralized dashboard.”
Understanding the business cycle from a solar installer’s perspective makes Inxeption a more natural fit for solar financing than traditional banking partners. By allowing installers to pay for panels after they receive payment from their customers, Inxeption is solving a critical cash-flow issue in the market. With flexible financing, installers can generate new business by offering unbeatable terms to their customers.
“This new integration represents our commitment to our customers’ success. It highlights our desire to deliver solutions to the solar industry that other distributors simply can’t offer,” Clark said.
News item from Inxeption