Newday Sustainable Development Agency

Turn your unpaid invoices into instant cash flow with invoice factoring from Newday

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Mission

At Newday, our goal is to bring commercial farming to everyone especially the youth and women. That means providing farmers the financing they need so they can buy better products, increase their harvest, turn their subsistence farming into commercial farming and also reduce unemployment rates among youth.

We’re redefining investment opportunities for farmers.

How Newday Factoring Works

  • 1. Invoice Submission by Client

    The supplier (client) delivers goods/services to a buyer and uploads the verified invoice onto the Newday platform, requesting financing.

  • 2. Invoice Verification & Approval

    Newday validates the invoice with the buyer and runs internal credit and risk checks. Once approved, the invoice qualifies for factoring.

  • 3. Instant Advance Payment

    Newday disburses a pre-agreed percentage (advance) of the invoice value to the client, providing immediate working capital.

  • 4. Buyer Payment to Newday

    On the agreed due date, the buyer settles the full invoice amount directly to Newday, not the supplier.

  • 5. Settlement & Wallet Credit

    Newday deducts the advanced amount, factoring fees, and interest charges, and credits the remaining balance to the client’s Newday Savings Wallet.

Our Services

Invoice Factoring / Discounting

Newday provides fast and reliable financing by purchasing verified invoices from suppliers and agro-dealers. This allows them to receive immediate cash flow, while Newday collects payment from buyers at a later date. The service eliminates payment delays and keeps the agricultural supply chain moving efficiently.

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Newday Savings Wallet

After a buyer settles an invoice, Newday deducts the advanced amount, factoring fees, and applicable interest, and a small portion of remaining balance is credited and restricted to the client’s Newday Savings Wallet and the other portion can be withdrawn at a time of their choice. This wallet enables clients to store value, build savings, and reinvest directly within the Newday ecosystem.

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Input Acquisition (Cash & Credit)

Clients can purchase agricultural inputs from the Newday digital store or partner agro-dealers/distributors using:

  • Full cash payment
  • Savings wallet balance
  • Or partial payment with credit financing

This ensures farmers and traders always have flexible access to essential inputs, even when working capital is limited

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About us

“Newday” is an agro fin-tech company based in Kampala. We serve farmers in Uganda and East Africa at large.

This financial platform designed to bridge the gaps between farmers, agro-input suppliers, financial institutions, and consumers.

“Newday” was founded at the beginning of 2024 as a spinoff of Quetreighn capitals Uganda limited established in 2022 by Asaba Christopher, and Namuli Irene, with the aim of providing farmers with everything they need – from seed to sale stage – so as to become successful commercial farmers.

We’re growing our team and operations rapidly, to ensure we can service as many farmers as possible.

Farmers
0 k
Agro Suppliers
0
Agro Dealers
0

History

Newday Sustainable Development Agency Limited was established to addresses the prevailing issue encapsulated by the phrase, “OKULIIMA KWAFUUKA KWA BAGAGA BOKKA,” which translates to “Farming has become a privilege of the wealthy only.”

The Agricultural sector continues to be the most important sector in Uganda; it employs approximately 72% of the working population and contributed about 24.1% to the GDP. This is true despite the fact that 80% of the total land is arable, and only 35% is being cultivated

Productivity is limited by reliance on natural weather conditions and the still widespread use of traditional methods and equipment. The Government is pushing for greater commercialization of agriculture by encouraging the use of irrigation and mechanized farming but this has encountered a lot of challenges in the face of small-scale farmers

The truth behind this statement lies in several factors especially such as:

  • High Input Costs
  • Limited Financial Accessibility
  • Credit Access Issues
  • Cash Flow
  • Seasonality
  • Record-Keeping Difficulties
  • Loan Processing Inefficiencies:
The Agrucultural Sector Employs
72%
Contribution to GDP
24.1%
Arable land
80%
Land in use
35%

What we do

Farmers can buy inputs with Newday in cash or credit. If the farmer is purchasing their items on credit, they apply for inancing and get an instant credit decision - powered by Newday’s machine learning credit models.

The farmer then chooses the products they need from Newday’s digital store, and picks them up at the agro-dealer (agent) in their nearest village. We partner with + 700 agro-dealers to ensure maximum proximity to our farmers.

All farmers receive best-in-class agricultural training. Farmers who purchase on credit receive insurance to protect their investment from unexpected circumstances.

Farmers who purchase in cash receive a cash-back of 0.5% from the gross purchase and this is stored in their Newday savings wallet.

The accumulated savings can be used for purchasing more input or be used to access services from partnering social institutions like schools and medical centers.