Fintech
Fintech Company Plataform Helps Finance $800 Billion with Invoice Discounting
Colombia’s factoring industry, valued at $40 billion annually (3.5% of GDP), is bolstered by fintech companies like Plataform. The fintech company offers diverse financial solutions, providing $800 billion to 1,740 companies since 2022. Through factoring, confirming, and crowdfactoring (via Mesfix), Plataform enhances liquidity, streamlines payments, and strengthens supplier relationships.
Colombia has boosted the factoring industry in Latin America, with annual disbursements estimated to reach $40 billion, equivalent to 3.5% of the country’s GDP. This phenomenon has been driven by innovation in the financial sector and the entry of various fintech companies that are facilitating access to financing for companies.
Plataform has accelerated access and financing in Colombia
Among the protagonists of this growth is Plataform, a fintech company created by Mario Márquez, former manager of Electronic Billing at the DIAN, and Felipe Tascón, co-founder and member of the board of directors of Colombia Fintech.
The fintech company Plataform has accelerated access and financing for the business base in Colombia through an “all-in-one platform” or “one-stop-shop”, in which companies can negotiate their invoices through different financial solutions. Since its creation in 2022, they have managed to finance around 1,740 companies with more than $800 billion.
The business model developed by Márquez and Tascón allows companies to obtain immediate liquidity through different lines of business such as factoring, confirming, crowdfactoring, ordering, among others. This variety of options translates into quick access to financial resources, allowing companies to continue operating, invest in expansion, hire employees and develop new projects.
The objective of Plataform in the short to medium term is to finance more than one billion dollars annually for the Colombian business community
Marío Márquez, co-founder of Plataform, explains that with factoring companies can access the early payment of their invoices receivable. They obtain immediate liquidity without debt, improve cash flow, reduce the risk of non-payment and streamline administrative management.
Confirming is a financial product that allows a company to manage payments to its suppliers, with the objective of having immediate liquidity. This allows companies to optimize their relationships with suppliers by offering them early payment, improving their reputation and strengthening the supply chain. Both services allow companies to improve their liquidity and optimize their operations.”
For his part, Felipe Tascón, co-founder of Plataform, highlights that, within the financing alternatives they offer, they have a great differential in the industry: it is called Mesfix and it is the first crowdfactoring or online invoice market in Colombia.
It works through a platform (Mesfix.com) that connects companies that want to sell their invoices with people interested in buying part or all of those invoices and obtaining a return that today reaches 23% Annual Effective.
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(Featured image by Artem Podrez via Pexels)
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First published in Portafolio. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us
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