Fintech Factoring: The World’s Oldest Method of Finance Goes Online

Before revolving credit, venture capital and equity investments, there was factoring. Today, the world’s oldest method of raising business capital has moved online. With the push of a button, companies can sell their accounts receivable and have funds in their accounts within hours. ABF Journal editor Nadine Bonner speaks with the owners of two fintech factoring companies and their clients to see how factoring has been revolutionized.

48 Factoring Funds Over $6.9MM in Factoring Contracts

During 48 Factoring’s first full year in business, the company funded more than $6.9 million in factoring contracts.