ConnectFactor pieteikumu forma

>20 mil. EUR

financed

years of team experience

1000+

financed invoices

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FAQ

Frequently Asked Questions

What is factoring?

Factoring is the financing of invoices issued to the customers of your company. By factoring your invoice to ConnectFactor, you sell your invoice to us, and we finance it within 1–2 days. ConnectFactor then becomes the owner of the invoice, taking care of collecting and insuring the invoice amount. Factoring is the cheapest and fastest way for a company to convert invoices into cash.

What information is needed to start cooperation?

All that is required is your company’s details and the details of the buyer to whom you wish to sell goods or provide services. In order to provide you with the best offer, we may ask you to upload your latest financial statements.

What are the conditions for my customers (debtors) to apply for factoring?

The main condition is that your customer’s annual turnover must be at least € 1 million.

What conditions must my company meet in order to apply for purchase order factoring?

The main condition is that your company’s annual turnover must be at least € 1 million.

What types of invoices can I submit?

You can submit invoices for goods and services that have already been provided or delivered. In addition to invoices, we may request additional documents – acceptance-transfer certificates, delivery notes, etc.

Is invoice financing available if customers are located abroad?

You can finance invoices for transactions both in Latvia and abroad. This means that invoice financing is also available for goods and services you provide to foreign customers.

Is purchase order factoring available if suppliers are located abroad?

You can use the purchase order financing product for transactions both in Latvia and abroad.

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