Frequently Asked Questions

For Investors | For SMEs

  • Registration

  • Requirements to register on Advanon?

    To register on Advanon you must have a Swiss bank account. Furthermore, we accept only investors who are resident in Switzerland or have an EU / EFTA citizenship. It is also possible to sign up as a company (legal person).

  • What does the registration process look like?

    Please click here to register and create an account on Advanon. Then you will be asked to pass through the following steps:

    • Create an account with your email address and provide additional information about yourself.

    • Afterwards we will do an identification according to FINMA.

    • You will have to fill out a KYC questionnaire about your financial situation.

    • We will ask you to sign a frame-contract to enter the platform and to confirm that you have understood how the platform works from a legal perspective.

    Once we have all the information we will review your account and grant you access within 24 hours.

  • How does the identification work and why is this necessary?

    To identify you we need a copy of your passport or ID (front and back) and a portrait (selfie). We will verify if the person in the two pictures matches. This identification is a FINMA requirement to allow us to accept your investments.

  • Questionnaire on the financial situation

    FINMA requires us to know your financial and the origin of the assets invested via Advanon. This way we can ensure that there is no money laundering via Advanon. All answers provided are strictly private and will only be shared with the FINMA or its representatives if we are required to do so.

  • Can I delete my account?

    If you want to leave Advanon so you can delete your account at any time. The effective delete of your data is carried out only after an annual audit by FINMA.

  • Invest

  • What investment opportunities exist from Advanon?

    On Advanon you can invest in two asset classes

    Asset class Pre-financing Prefinance dd6dbeb9ab095c531d6cd845ca3509a32fc1decb9ea418a928bef1713fc41504 True-Sale True sale 48d3b33115f809cbcd35c49bf8e1a87390db45db169cdb1b8926c93d01f4e24e
    operation You give a company an unsecured short-term loan. The company will repay the loan back to you on due date. This is an invoice sale (factoring contract). As an investor, you buy the invoice of your customer.
    Legal claims You have a legal claim against the company and they must repay your loan regardless if their debtor pays the invoice. You have no legal claim on the invoice. You buy the invoice and have therefore a legal claim on the invoice.
    Checks of Advanon
    • credit check of the company
    • check the invoice including verifying document
    • credit check of the debtor
    • check the invoice including verifying document
    • confirmation of the invoice by the customer
    Risks Default of the seller company Default of the invoice by debtor default
  • How do I invest via Advanon?

    All investment opportunities will go live at 11 am and 5 pm on the platform. However, the investment opportunities are at least an hour before viewable on the platform. After you made an investment you will receive a confirmation email. With your investment, you enter a legal contact with the company and you have to make the investment.

  • How do I transfer the investment?

    Once you have successfully made an investment on the platform you receive an email from us. In this email, we confirm your investment and give you the payment data (IBAN and payment date). Afterwards you transfer your investment on a transaction account which is handled by Advanon. Advanon collects all investments there and transfers the money to the company.

  • When do I get back my investment?

    Once the investment incl. ROI is repaid to Advanon's transaction account, we send the money without delay to your account. This method enables us to keep track of the transactions and intervene as soon as possible in the case of a default.

  • What are the costs of an investment via Advanon?

    As an investors, we take a part of your return as a fee. This applies only for successful repayments and is 20% of the return. However, on Advanon you will only see the net return.

  • How and when do I pay the fee to Advanon?

    Our fee is deducted from the repayment. You do not have to make a transfer to us.

  • What happens in case of a delay?

    The repayment of the total amount (investment amount + agreed fee) should be made by the company on the defined due date. Often the reason for such a delay in repayment is a delay of the debtor to pay the invoice. If a repayment is not made on time, we will contact the company. We will inform you regularly about the status of repayment and try to find a solution to speed up the repayment. The company will have to pay a default interest for every delayed day. The default interest rate is the annualized interest rate on a daily basis. This interest is added to the repayment of the investment.

  • What happens in case of a default?

    After 30 days of delay, or earlier, if we have reason to assume a default, Advanon will start debt collection against the company. In such a case Advanon will issue a payment order against the company on behalf of the investors. This service is free of charge for you as an investor. We have included a power of attorney in the frame contract and will therefore have the legal mean to act quickly on your behalf in case of a default.

  • Can I rely on the rating?

    On Advanon there are the ratings of AAA to B. This rating is an aggregate of the rating from CRIF (60%) and Dun & Bradstreet (40%) and not a rating from Advanon. This rating can serve as an indicator for the likelihood of a default, but every investor should perform his own due diligence before making an investment.

  • In what currencies can I invest?

    Currently we allow only invoices in Swiss Francs (CHF) to be uploaded on the platform. But from Q2 2017 onwards we will also have invoices in Euro (EUR).

  • Data protection

  • Is my data secure at Advanon?

    Privacy is an important matter to us. At Advanon we protect your data in the best possible way. All your data will be transmitted encrypted (SSL encryption). Furthermore, our employees are sensibilized for that topic and undergo regular internal training to ensure compliance with data protection laws.

  • Which information can an SME see about me?

    An SME has no access to your data.

  • Who has access to my data?

    In general, only you have access to your data.

  • Contract

  • Why do I have to sign the framework contract as an investor?

    The framework contract regulates the legal relationship on the platform and is the base contract for pre-financing and true-sales on Advanon. With your signature, you confirm that you understand all the rights and responsibilities on Advanon and you agree to them. In addition, you grant Advanon a power of attorney so that we can act quickly and flexibly on your behalf in case of a default.

  • Do I enter a legal contract when I finance an investment?

    Yes, if you pre-finance or buy an invoice you enter a legally valid with the seller of the invoice. You are now liable to make the investment and the seller (and in case of a true-sale) is liable to repay your investment incl. the ROI.

Need more information?

Let us know if you have any further questions

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