Sounds like a marketplace for invoice factors. I guess it's better than having to call up a factor and setup an account. But, issues like credit-worthiness determination, reserves, fees-based on credit worthiness, etc. still arise.

I'd assume, initially, you'd rely on D&B or something like that to determine worthiness. Are you building a marketplace to let anyone provide money to factor? Or is this only for existing factors? Are you providing the funding, so you are the factor?

There's a ton of money in this type of business. If you can make 1.5-2%, per month, on your money, that's a huge win. It's kinda predatory in the transportation business, where margins aren't great and every dollar counts. But, in higher % businesses, it's a cash flow decision.

Interesting. Would love to chat more about it, if you are interested.

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