Quick and smart - Buy or sell invoices

e-factor is a factoring platform, where companies can sell their receivable invoices at the auction to investors with the highest bid. By investing in these invoices investors will obtain via e-factor new short-term investment instruments with a low risk and good return.

Try now! or Read more about e-factor
Credit guarantee logo CREDIT INSURANCE
ZAR
MON

ZAR
Invest to invoice
ZAR

ZAR
NO NEED TO WAIT FOR THE DUE DATE
SELL YOUR INVOICE
* The above return rate is approximate and is calculated based on our clients’ average return. The final selling price depends on the best bid from the auction.

How it works

Compared to banks, the e-factor solution is quick, flexible and favourable. e-factor does not limit companies contractually or analyse financials, or do any credit decisions. A company can sell its invoices just when a quick working capital need arises.

A seller logs in

A seller logs in

A seller submits invoice details

A seller submits invoice details

e-factor checks the invoice

e-factor checks the invoice

Investors participate at the auction

Investors participate at the auction

Seller receives cash

Seller receives cash

Last auctions

We are a trustworthy factoring platform with an active user base, providing a facility for their capital productivity.

Quick and flexible

Quick and flexible

Upon accepting the invoice by the buyer, it is possible to receive cash within 24 hours.

Best price

Best price

By selling the invoice at the auction the seller gets the best possible price on the market.

Small fee

Small fee

The e-factor fee is up to 0.5% from all invoices irrespective of their amount. Compared to banks we do not use hidden fees.

No collateral required

No collateral required

Using e-factor there is no need for collateral like pledges, personal sureties, etc.

Confidential

Confidential

Regarding the invoice, e-factor does not disclose any information other than the aggregate of the invoice and the company the invoice is presented for.

For entrepreneurs

Quick and easy

It is possible to receive cash within several hours in case an investor uses the “Buy it now” option.

No limits or commitments

There is no limit for invoices sold via e-factor. We do not commit invoice sellers contractually like banks. A company can sell its invoices at any time, when there is a need to speed up the cash flow in order to cover expenses or make a favourable business transaction using a prepayment.

Reliable

Different from banks, e-factor is focused on buyers, not invoice sellers. Parameters hold the trustworthiness of the company the invoice is presented for, as well as the condition that the goods are handed over to the buyer in, and the buyer has irrevocably promised to pay the invoice.

No paperwork or bureaucracy

There is only a user agreement to be signed with e-factor. Selling invoices is paper-free.

Bank e-factor
1-2% monthly + other fees * 2-5% for 30-45-day invoice
Contract is needed No contract
To start go to the bank Start in internet
Transaction limits Unlimited volume
Sureties, pledges required No securities
Cash disbursement
80-85%
Cash disbursement
up to 99%

For investor

e-factor provides investors with a new facility for short-term investment with a measurable risk to companies’ cash flow by buying their receivables - sales invoices. This enables investors to receive satisfying returns with a moderate financial risk out of their short-term, up to 60-day investment.

Example return for 100,000 ZAR 12-month investment

P2P platforms

115,000.00 ZAR

15% annually with an unpaid loan credit risk

e-factor

148,000.00 ZAR

48% annually depending on invoice maturity and a result of the auction

Bank deposit

107,500.00 ZAR

7.5% annually

Satisfying return and moderate financial risk
from short-term investments

The e-factor commission fee for investors is a flat 20% from their return, when the invoice is paid. No hidden fees.

Reliable

e-factor enables invoices to be sold at the auction only after it is confirmed by the buyer that goods are delivered, there are no disputes over amounts or quality or possibility to return the goods and the invoice is to be irrevocably paid.

Insured

e-factor offers in cooperation with Credit Guarantee the possibility to insure purchased invoices against any insolvency of the buyer. Buying the insurance policy via the e-factor platform is convenient and e-factor will take care of all questions concerning Credit Guarantee credit insurance.

Convenient

The investor will obtain the claim arising from the purchased invoice but e-factor according to investors’ proxy is to take care of all management being concurrently a security agent.

Confidential

The invoice seller will not know
who purchased the invoice.

Who is e-factor?

e-factor is an online factoring platform that allows small and medium sized businesses to sell their invoices for immediate payment instead of 30/60/90 days. e-factor also allows investors from all sectors of the economy to invest their funds in a new asset class(invoices).

e-factor comes from an MBA thesis in 'online reverse factoring for the South African context' from GIBS Business school.

e-factor has partnered with financiers in South Africa that buy invoices on the platform at competitive rates.

e-factor was formed to assist small and medium sized businesses in Africa with cashflow.

e-factor has forged an alliance with Shanduka Black Umbrellas where all SMEs that are incubated can immediately sell their invoices for immediate cash.

e-factor management team has more than 30 years of experience in factoring and commercial paper trading.

Contact us

Do not hesitate to contact us. Our team will give its best to help you out.

Registration number 2015/303306/07
288 Kent Avenue, Ferndale, Randburg, 2194