Fintech Platform helps finance $800,000 million with invoice discount

Colombia has promoted the factoring industry in Latin America, with annual disbursements that are estimated to reach $40 billion, equivalent to 3.5% of the country’s GDP. This phenomenon has been driven by innovation in the financial sector and the entry of various fintechs that are facilitating access to financing for companies.

Read: ‘Factoring’: immediate liquidity without increasing the company’s debt

Among the protagonists of this growth is Plataform, a fintech created by Mario Márquez, former Electronic Billing Manager at DIAN, and Felipe Tascón, co-founder and member of the board of directors of Colombia Fintech.

The fintech Platform has accelerated access and financing for the business base in Colombia through an “all-in-one platform” or “one-stop-shop”, in which companies can negotiate their invoices through different financial solutions. Since its creation in 2022, they have managed to finance around 1,740 companies with more than $800,000 million.

The business model developed by Márquez and Tascón allows companies to obtain immediate liquidity through different lines of business such as factoring, confirming, crowdfactoring, ordering, among others. This variety of options translates into quick access to financial resources, allowing companies to continue operating, invest in expansion, hire employees and develop new projects. Platform’s objective in the short to medium term is to finance more than one billion dollars annually for Colombian businesses.

Marío Márquez, co-founder of Plataform, explains that with factoring companies can access early payment of their invoices receivable. They obtain immediate liquidity and without debt, improve cash flow, reduce the risk of non-payments and speed up administrative management and confirming is a financial product that allows you to managePayments by a company to its suppliers, with the aim that they can have immediate liquidity, this allows companies to optimize their relationships with suppliers by offering them advance payment, improving their reputation and strengthening the supply chain. “Both services allow companies to improve their liquidity and optimize their operations.”

For his part, Felipe Tascón, co-founder of Plataform, highlights that, within the financing alternatives they offer, they have a great differential in the industry: it is called Mesfix and it is the first crowdfactoring or online invoice market in Colombia.

It works through a platform (Mesfix.com) that connects companies that want to sell their invoices with people interested in buying part or all of those invoices. and obtain a profitability that today reaches 23% Annual Effective.

See: Factoring market would exceed $4.7 trillion by 2028