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Press Releases from Invoice Factoring: From face-to-face finance to tech powerhouse (1 total)

Invoice Factoring: From face-to-face finance to tech powerhouse

The invoice factoring business – now a $3 trillion-a-year global industry – can be traced to ancient trading practices and medieval financial arrangements. Yet the premise, getting paid upon completion of work rather than waiting weeks or months for customers to pay their bills, remains unchanged. Imagine a weaver sending linen from Cairo to a merchant in Damascus, but the merchant won’t pay for the fabric until he sells it.