Instant Factoring
Instant Factoring is a financial technology platform that offers quick funding to small business owners within 24 hours. This is made possible through robot-based underwriting, blockchain technology for transparency in transactions, and the use of machine learning for assessing credit risk. The goal is to help entrepreneurs access the funds they need quickly without the usual bureaucratic delays. Instant Factoring aims to support the growth of small businesses by offering flexible financing options. The company projects that over 15,000 small businesses will use its services by the end of 2022, with an average invoice value of around EUR 2,000. Key features include a proprietary credit-scoring tool that uses AI and predictive analytics for fast credit decisions, blockchain technology for anti-fraud measures, and plans to implement smart contracts for payment processing in the future. Data from various sources is processed efficiently to evaluate customer invoices and provide transparent pricing. The platform's internal algorithm is continuously enhanced through machine learning, giving the business a competitive edge.
Instant Factoring is a financial technology platform that offers quick funding to small business owners within 24 hours. This is made possible through robot-based underwriting, blockchain technology for transparency in transactions, and the use of machine learning for assessing credit risk. The goal is to help entrepreneurs access the funds they need quickly without the usual bureaucratic delays. Instant Factoring aims to support the growth of small businesses by offering flexible financing options. The company projects that over 15,000 small businesses will use its services by the end of 2022, with an average invoice value of around EUR 2,000. Key features include a proprietary credit-scoring tool that uses AI and predictive analytics for fast credit decisions, blockchain technology for anti-fraud measures, and plans to implement smart contracts for payment processing in the future. Data from various sources is processed efficiently to evaluate customer invoices and provide transparent pricing. The platform's internal algorithm is continuously enhanced through machine learning, giving the business a competitive edge.
Instant Factoring has raised $8.2M across 2 rounds. Its most recent round was a Series Unknown of $1.1M in Jun 2024. Full funding history, investors, and team are detailed below.
Funding history
2 rounds on record — latest round shown, the rest unlock with a paid plan.
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