Funder Approval Workflow
A Funder Approval is an optional step in the Instrument Approval Workflow and works as an application for financing of an Instrument.
It is a two-step approval, consisting of a Maker and Checker review.
Depending on the agreed workflow:
Review and approval can be sought from either the Payer or Seller, ensuring that all parties are aligned before proceeding.
Once the review is finalized and approved internally by the Payer or Seller, a notification of the request for finance is automatically sent to the Funder for their evaluation
The Funder then has the option to approve or reject the instrument based on their assessment
Upon approval by the Funder, once the instrument is within the funding window, the instrument will then move into the Disbursement stage and the Funder will receive the disbursement instructions.