CobroFactor

CobroFactor

CobroFactor is a product of Servicios Financieros Factor Plus S.A., a Santiago-based firm that has provided working-capital factoring to small and medium-sized Chilean enterprises since its founding. Its parent entered the Asociación de Empresas de Factoring A.G. (EFA) in 2013, signaling a regulated footprint within Chile's trade-credit ecosystem. The service itself adds a post-default collections layer on top of the parent's factoring infrastructure, targeting business-to-business receivables that have gone unpaid. Unlike funds or discretionary pools of capital, the platform earns strictly through contingent collection fees — no recovery, no cost — with rates tiered by both invoice size and days past due. For example, a receivable overdue by 91 to 180 days and valued between CLP 1 million and CLP 5 million carries a 9 percent fee, while a larger invoice over CLP 10 million past 360 days carries a 6.3 percent fee. The firm combines digital submission (clients upload unpaid invoices to receive an automated recovery feasibility estimate) with a human field-force for visits, calls, and notifications to Chile's commercial credit bureaus. If all collection avenues fail, CobroFactor offers a Certificate of Uncollectibility, which clients may use to write off the receivable for tax purposes under SII Circular 24. The firm is a product line rather than a stand-alone institution; therefore, no separate AUM, headcount, or multi-office footprint is disclosed. Its scale is defined by the parent's 10-year factoring track record and the EFA association membership. There is no public evidence of co-investment vehicles, philanthropic subsidiaries, or adjacent wealth-management operations. The core operational event visible in the last 24 months is CobroFactor's public adjustment to Chile's Value-Added Tax law (Ley 21.420), which extended VAT to collection fees. In response, CobroFactor reduced its fee schedule by 10 percent — absorbing part of the tax burden for its SME clients — and noted that VAT-registered businesses can recover the added tax upon filing. Structurally, CobroFactor represents an outsourced credit-enforcement function for small businesses that lack internal collection resources, embedded inside a factoring parent that already understands the receivables ledger. Its governance is tied to Factor Plus S.A.'s shareholders, described as executives with extensive experience serving the SME segment. The platform's edge is not proprietary deal flow but the conversion of credit risk into a success-contingent operational service, layered over Chile's specific legal infrastructure for debtor reporting and tax-loss recognition.