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#Ifactor health full
#Ifactor health software

iFactor uses cutting edge technology ( AI/ML, DLT/Blockchain, Smart Contracts) in order to automate and open the underbanked / under-serviced SME space. Through digitizing the factoring process, introducing the auction method, and applying digital scoring techniques we are able to revolutionize the traditional factoring product. Our flexibility comes from the fact that we focus on the quality of the single invoice and related payment risk. IFactor offers a fast, simple and flexible working capital solution. Banks or Investors trade a new asset class:.SMEs gain access to working capital in less than 24 hours, offering:.IFactor becomes a digital broker for alternative SME lending, helping: To solve all the above, we’ve built iFactor : a B2B Marketplace platform that brings together SMEs that need liquidity and investors with the intention to provide liquidity to the SMEs through buying their outstanding invoices. there is over 2 trillion £ funding gap for SMEs.95% off the SME have insufficient access to funding.Studies (MIT, 2017) stress even more about the worldwide financing problem of SMEs:

#Ifactor health full

This results from performing a full financial analysis of both the SME and its off-taker portfolio.īanks are only on the third place in the main source of the SMEs financing. Unfortunately, SMEs nowadays have limited to zero access to these financing sources, the reason for this is that banks and factoring companies incur high processing costs. At the same time, SMEs face big difficulty in finding liquidity as they are small and expensive tickets to banks.Ĭommon solutions to the liquidity problems resulting from stretched payment terms can be traditional bank working capital finance or factoring.

On the other side of the equation, SMEs have little bargaining power and, as a consequence, face liquidity problems.

In the current market, debtors, especially large sized corporations, have strong negotiating power to stretch payment terms.

They are heavily regulated institutions, as they work with the deponents’ money.

Banks are one of the slowest industries to innovate.

Some of the main reasons for these problems are: The Traditional Institutional players/Banks have to cope with growing competition and difficulty to differentiate, on the one hand, and making less and less money on their SME lending business, on the other. On the other hand, banks face unreliable scoring data for the risk analysis of the SMEs loan applications, which results in a huge gap being traced between Banks and SMEs.

SMEs have a very hard experience with the banks during loan applications.

SMEs are low ticket size for banks, combined with high processing costs for loan applications.

Not being able to provide collateral assets to support bank loans.

Some of the reasons that make the lack of financing one of the main stoppers for small businesses growth are: How would you define the problem you’re addressing, and what is your solution for it?

We got to delve deeper into the matter in an extensive interview with Cosmin.

We really need to focus on creating more jobs, or the world is going to face more crises. “ It was then when I realized that this is a big issue worth solving. The difficulty to get financed by the banks has generated a lot of frustration, not only for me, but for many other business owners. The 2008 financial crisis made the problem even worse, causing a large number of SMEs to file for bankruptcy in the period between 20. “ It takes a lot of effort to extend a bank loan, which in turn becomes a burden for small businesses that are trying to hire new people in order to scale and grow.

#Ifactor health software

Varying from production and distribution, all the way to software and services, his latest endeavor is iFactor – an alternative SME lending platform.ĭuring the years, one of the pressing problems he kept encountering was the access to finance for his business. With over 20 years of experience as an entrepreneur, Cosmin Curticapean – Founder & CEO of iFactor, is the creator of 12 businesses.