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Funding Process

This article explains how funding works in Klear and how fees are applied once an invoice is approved for purchase.

Once your Order is complete and you have uploaded all required documents and published the invoice event, your Klear CSM will begin the funding review. Your CSM will review the Order to verify:

  • Invoice accuracy
  • Valid Proof of Acceptance
  • Customer credit status (see Customer Types: Investment Grade vs. Insured)
  • Alignment between platform fields and uploaded documents

Once this review is complete, the invoice is submitted to the Klear Pricing Team.

The Pricing Team evaluates the invoice and generates a formal offer to purchase, which includes:

  • Advance Rate
    • Klear typically offers to purchase 90% of the invoice amount up front.
  • Platform Fee
    • The platform fee is calculated based on several factors, including:
      • Customer credit status (Investment Grade vs. Insured)
      • Payment terms (length of time funds will be outstanding)
      • Your subscription tier
      • Invoice amount

When the offer is published, you can:

  • Accept it to move forward with funding
  • Reject it if you don’t wish to proceed

Once you accept the offer, and the invoice and valid Proof of Acceptance have been provided, Klear will initiate the transfer of funds into your Klear Account (your Fifth Third account).

After the funds post:

  • Klear takes the platform fee out of the Klear account
  • You can leave the funds in the account or use Payables to transfer them out or make a payment to suppliers

Funding Timing

  • Investment Grade buyers typically fund faster

  • Insured (non-IG) buyers may take an additional 1–2 business days due to insurance approval

Types of Fees

Klear uses three types of fees:

  1. Platform Fees 
  • Applied per funded invoice
  • Covers the cost of financing, risk, and operational support
  • Varies based on buyer credit quality, payment terms, invoice size, and subscription tier
  1. Subscription Fees
  • Your monthly/annual plan that determines your access to certain features (e.g., insured trade funding, rewards on idle cash)
  1. Late Fees
  • If a customer payment is received after the due date, late fees may apply.