PUBLISHER: Allied Market Research | PRODUCT CODE: 1193128
PUBLISHER: Allied Market Research | PRODUCT CODE: 1193128
Invoice factoring is a process of funding cash flow by selling their invoices to a third party such as factor or factoring company at a discount. Invoice factoring can be provided by independent finance providers or by banks. A factor is a middleman that provides cash or financing to businesses by purchasing their receivables.
Factoring allows companies to finance its operations using its receivables. In addition, it helps average collection time to be reduced, as well as commercial payables, resulting in a stronger financial structure for a company. Moreover, increase in awareness and understanding of supply chain financing benefits is major growth factor for the market. However, foreign currency restrictions and high stamp duties hamper growth of the market. On the contrary, technological advancements such as automated invoices with a unique id, smart contract facilities, transactional security management, and fast funding are expected to drive the market growth.
The invoice factoring market is segmented on the basis of type, enterprise size, provider, and industry vertical. By type, it is segmented into recourse factoring and non-recourse factoring. By enterprise size, it is bifurcated into large enterprises and small & medium-sized enterprises (SMEs). By provider, it is segregated into banks and NBFCs. On the basis of application, it is segmented into domestic and international. Based on industry vertical, the invoice factoring market is bifurcated into construction, manufacturing, healthcare, transportation & logistics, energy & utilities, IT & telecom, staffing and others. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The report analyzes the profiles of key players operating in the invoice factoring market such as Adobe, American Express Company, Barclays Bank UK PLC, ICBC, Intuit Inc., Lloyds Bank, Porter Capital, Sonovate, Waddle, and Velotrade. These players have adopted various strategies to increase their market penetration and strengthen their position in the invoice factoring market.
Key Benefits For Stakeholders
By Type
By Application
By Enterprise Size
By Provider
By Industry Vertical
By Region