Using the latest innovations in open banking, our invoice discounting and factoring solution takes control of the entire cash collections process giving banks and lenders control over borrower’s bank account; transferring collected funds from that account, full clearance management and automatic allocation, reconciliation and accounting for cash. This results in the highest levels of automation allowing even micropayments to be processed cost-effectively.
Cashfac is a global fintech, specialising in real time operational cash management. Their platform is the world’s most widely deployed virtual accounts solution, delivered via bank partners and direct-to-customer. Used by fund managers, SIPP and pension administrators, trading platforms, trust and escrow services, and property managers, Cashfac helps firms improve the productivity, visibility, automation and regulatory compliance of cash management operations.