iFactor is a Fintech start-up aiming to become the first online B2B marketplace bringing together investors and SMEs looking for alternative financing, not just another factoring service.
We provide an online platform that brings together liquidy-seeking SMEs and investors to finance the cash needs of the formers, by buying their outstanding customer invoices. The duration of the process is reduced and the steps are simplified, as iFactor conducts efficient, bank-compatible risk assessments to mitigate both fraud and payment risk.
iFactor provides a faster solution compared to traditional ones, while being equal in terms of safety.
In the last months we have been hard at work on the iFactor Pure Analytics module, developed in partnership with Raiffeisen Bank International.
Utilizing AI technologies, our system will gather and analyze over 5000 data points (especially alternative data) that are used by our engine to build predictive models assessing creditworthiness.
This module is a part of the iFactor Hybrid Marketplace but will also be a stand-alone SaaS ready to be implemented in creditworthiness workflows.
Location: Romania, Bucharest
Member count: 1-10
Phone: +40 265 250 955
Total raised: $755.315K
Founded date: 2016
Funding Rounds 1
| Date | Series | Amount | Investors | Deal News |
| 02.03.2021 | - | $755.315K | Seedrs | crowdfundi... |
Mentions in press and media 3
| Date | Title | Description | Category | Author | Source |
| 14.06.2021 | Elevator L... | Elevator Lab, powered by RBI, ... | - | - | marketscre... |
| 02.03.2021 | Overfundin... | iFactor, a Romania-based hybri... | - | Samantha H... | crowdfundi... |
| 18.12.2020 | Elevator L... | The fourth round of Raiffeisen... | - | - | marketscre... |