Question 1

Who can use Factorglobe?

Accepted Answer

SMEs engaged in international trade with valid, creditworthy buyers can use Factorglobe. You should have B2B sales and sell on credit terms.

Question 2

What is international factoring?

Accepted Answer

International factoring allows businesses to sell their accounts receivables (invoices) from foreign buyers to a factoring company. The factoring company provides immediate cash, improving liquidity while managing credit risk.

Question 3

Do I need a minimum turnover to apply?

Accepted Answer

Factorglobe is designed for SMEs of all sizes. While there is no strict minimum turnover, the volume of transactions should meet our service viability criteria.

Question 4

How long does it take to get funded?

Accepted Answer

After onboarding, you can receive funding within 24–48 hours of invoice submission.

Question 5

What happens if the buyer doesn’t pay?

Accepted Answer

Factorglobe offers non-recourse factoring, meaning we bear the credit risk if the buyer defaults, provided it falls under agreed terms.

Question 6

Can I factor multiple invoices at once?

Accepted Answer

Yes, you can submit multiple invoices for factoring simultaneously.

Question 7

Do you work with buyers in all countries?

Accepted Answer

Factorglobe supports buyers in most major international trade markets. Restricted regions may apply due to compliance or political risks.

Question 8

Does my buyer need to be aware of the factoring arrangement?

Accepted Answer

Yes, international factoring typically involves notifying your buyer, as they will remit payments to the factoring company.

Question 9

What currencies do you support?

Accepted Answer

Factorglobe supports most major currencies, including CAD, EUR, JPY, GBP, USD, SGD, MYR, IDR, THB.

Question 10

How do I get started with Factorglobe?

Accepted Answer

Sign up on our website, complete the onboarding process, and start factoring your invoices within days!