The mechanism by which you can access factoring through the marketplace is through an auction process, by following these steps:
Step 1: You can start the process by creating an account for your SME, in only 15 minutes.
Step 2: After approval of the profile, which is usually received within a maximum of 24 hours, you need to upload the invoices for which you want financing.
Step 3: After verifying and approving the invoices on the platform by iFactor, the auction takes place, where banks, financial institutions, or private investors bid on the uploaded invoices, and you can choose the most suitable offer for your SMEs needs.
Step 4: Obtaining financing, which usually takes only 24 hours from approval, thanks to the technology incorporated in the platform, which makes the entire analysis and approval process much faster than traditional processes.