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Factor Plus
Factor Plus is a fintech company founded in 2021 in Asuncion, Paraguay. It specializes in supplier factoring, providing financial solutions to businesses.
Overview
Factor Plus is a fintech company founded in 2021 in Asuncion, Paraguay. It specializes in supplier factoring, providing financial solutions to businesses. Factor Plus advances payments on credit invoices, converting accounts receivable into cash for its corporate clients.
General information
Firm type
Asset Manager
Location
Region
Latin America
Country
Chile
City
Providencia
Corporate office
Los Conquistadores N°1.730, oficina 1.202, Torre Nva. Santa María, Providencia, Chile
Sector focus
Frequently asked questions
What does Factor Plus do?
It provides working-capital financing to Chilean SMEs by purchasing their unpaid invoices through an online platform, vendetufactura.cl. The firm also operates cobrofactor.cl, a dedicated collections service that recovers overdue commercial invoices. This combines asset origination with in-house loss mitigation, which is uncommon among digital factoring providers in the region.
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