You’ve heard of Buy-Now-Pay-Later but today the latest deferred payment scheme on the market is set to launch,  ‘buy media, pay later’. Behind the scheme is Juni, the financial platform built for digital commerce, which will today announce its latest product offering, Juni Invoices. Gone are the days of manual media invoices as Juni Invoices, the first of its kind, offers to auto-collect, manage, pay and finance media invoices for e-commerce companies. 

As part of the offering, online retailers can choose flexible media buying financing options, from 30, 60 and up to 90 extra days to settle their invoices, meaning they can ‘buy media and pay later’.

For e-commerce businesses, advertising is a key vehicle to help them unlock growth. According to recent Juni data, ad investment equated to 63.5% of Juni’s European-based customers’ total budget in the first quarter of this year. However, with media buying comes several challenges, from missed or late payments to time-consuming processes and cash flow worries. Juni is helping businesses overcome these issues with ease via Juni Invoices. Juni Invoices auto-collects and scans invoices through its integration with Google and Facebook Ads and automatically matches each invoice to the right transaction. It saves finance teams precious time by settling invoices in a matter of seconds.

“Our customers want more cash to invest in acquiring new customers, and with up to 90 extra days to pay their invoices from Google Ads and Meta they free up a lot of additional capital to invest,”  said Samir El-Sabini CEO & Co-Founder of Juni. “We’re excited to launch a product that enables them to invest more in their ad campaigns and help them reach more people. Juni Invoices allows e-commerce companies to boost cash flow, save time by streamlining the invoice process and enjoy better payment terms than anywhere else in the market.”

Launching alongside its invoice offering is Juni’s mobile app. The Juni mobile app puts e-commerce businesses in control of their cash flow on the go with instant access to card details, receipt uploads for easy expense reporting, spend management and more. Both products will be unveiled today at Juni Day, the company’s flagship event in Gothenburg. 

“The launch of Juni Invoices is another step for us to help drastically improve our customers' cash flow, providing a solution that is tailor-made for their business needs with flexible financing options offered through a simple, integrated user experience. With the newly launched Juni mobile app, they can also access Juni anytime, anywhere,” comments Shelley Havemann, Senior Director of Product at Juni. “Building products that solve our customers' pain points is our main focus, and we’re looking to add features to Juni Invoices throughout the year, including inventory financing and automation that save them time and money. In today’s climate, managing finances well is key for any business, and we will be there with our customers every step of the way.” 

Juni Invoices will initially be available to e-commerce companies based in Europe, with ‘buy media, pay later’ financing for invoices being available upon eligibility*. Juni Invoices is expected to launch in the UK later this year.