Rhode Island Chronicle

Factoro, a leading Mexican fintech company, is set to disrupt the supply chain finance industry with its innovative software solutions and strategic partnerships. Founded in 2018, Factoro has quickly become one of the biggest and first companies to offer factoring services in Mexico. Through its collaboration with a wide range of banks, from the largest to medium-sized institutions, Factoro provides the most competitive rates in the country.

Factoro’s primary offering is a buyer-led supply chain finance software that streamlines the factoring process for companies of all sizes. The software enables businesses to improve their cash flow by selling their outstanding invoices to investors at a discount. With its forthcoming public release of traditional factoring in June 2023, currently in beta testing with partners, Factoro is poised to solidify its position as a trailblazer in the Mexican finance sector.

One of Factoro’s key differentiators is its commitment to transparency and security. The company offers invoice validation services, ensuring that all transactions are accurate and legitimate. “We believe that transparency is essential for building trust in the factoring industry,” said co-founder Humberto Pifferi. “By validating invoices, we can provide a more secure and reliable service to our clients.”

In addition to invoice validation, Factoro simplifies the factoring process through automatic invoicing. This feature allows companies to easily manage their accounts receivable and minimize errors. Furthermore, Factoro’s API integration enables users to connect their Enterprise Resource Planning (ERP) systems, automating the entire process and saving valuable time and resources.

Factoro’s innovative solutions have garnered significant attention from both suppliers and investors. The company’s Suppliers page provides comprehensive information on how businesses can benefit from its services, while its Investors page showcases the lucrative opportunities available for banks looking to fund factoring operations.

As inflation continues to impact the Mexican economy, Factoro’s services are increasingly vital for businesses looking to optimize their cash conversion cycle. In a recent blog post, the company detailed how it can help Mexican companies navigate these challenging economic times.

Factoro’s rapid growth and innovative approach have positioned it as a formidable player in the supply chain finance industry. Juan Carlos Herrera shared his vision for the company’s future: “Our mission is to revolutionize the way businesses in Mexico manage their finances. By offering cutting-edge solutions and unbeatable rates, we’re empowering companies to thrive in today’s competitive landscape.”

With its unique blend of technology and financial expertise, Factoro is poised to redefine the Mexican factoring market. To learn more about Factoro and its range of services, visit their website at https://factoro.mx/.

About Factoro:

Factoro is a leading fintech company based in Mexico, specializing in supply chain finance software solutions. Founded in 2018 by Juan Carlos Herrera and Humberto Pifferi, Factoro offers innovative services, including buyer-led supply chain finance, invoice validation, and automatic invoicing, to help businesses improve their cash flow and financial management. With strategic partnerships with major banks and financial institutions, Factoro provides the most competitive rates in the Mexican market.

Media Contact
Company Name: Factoro
Contact Person: Juan Carlos Herrera
Email: Send Email
Country: Mexico
Website: https://factoro.mx