faktoritel

Faktoritel is a digital factoring service operated in Russia and several other Commonwealth of Independent States (CIS) countries. The platform offers companies a way to monetize their accounts receivable by selling invoices to financial institutions or private investors at a discount, thereby obtaining immediate working capital. Founded in 2013, Faktoritel positioned itself as the first fully electronic factoring brokerage in the Russian market, integrating automated underwriting, digital invoice submission, and real‑time payment tracking into a single web interface.

The service targets small and medium‑sized enterprises (SMEs) that typically face difficulties accessing traditional bank loans due to limited collateral or thin credit histories. By allowing companies to submit scanned invoices or electronic purchase orders, Faktoritel reduces paperwork and shortens the approval cycle. The platform uses a proprietary risk assessment algorithm that evaluates factors such as debtor creditworthiness, transaction volumes and payment histories. Upon approval, the client receives a cash advance, and the investor or financial partner collects the full invoice amount when the debtor settles the payment.

Faktoritel operates under the regulatory framework governing factoring agreements in Russia, namely the Federal Law “On Credit Guarantees” and related banking regulations. The company is licensed by the Central Bank of Russia as a non‑bank financial institution and periodically publishes compliance reports.

The business model has attracted significant institutional investment; between 2015 and 2020, Faktoritel secured more than 200 million roubles in venture funding before going public through an SPAC acquisition. While the platform has improved liquidity for many SMEs, analysts caution that factoring can be costly and may transfer risk to buyers of receivables.