The technology company offers a distributed platform that automates the interaction of the customers’, suppliers’, and factors’ accounting systems, and removes all manual work in the preparation, verification, and approval of documents, according to the official release.
Factorin addresses trade finance for small and medium-sized businesses. Furthermore, the team behind Factorin plans to launch a new platform in Europe. Few details are currently available, but this will be an advanced decentralised platform that combines all the expertise the team gathered on the frontier of distributed ledger technology.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.