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iFactor | Your Money. Faster
http://ifactor-online.com/Last activity: 14.06.2021
Active - Reference to iFactor
iFactor is a Fintech start-up aiming to become the first online B2B marketplace bringing together investors and SMEs looking for alternative financing, not just another factoring service.
We provide an online platform that brings together liquidy-seeking SMEs and investors to finance the cash needs of the formers, by buying their outstanding customer invoices. The duration of the process is reduced and the steps are simplified, as iFactor conducts efficient, bank-compatible risk assessments to mitigate both fraud and payment risk.
iFactor provides a faster solution compared to traditional ones, while being equal in terms of safety.
In the last months we have been hard at work on the iFactor Pure Analytics module, developed in partnership with Raiffeisen Bank International.
Utilizing AI technologies, our system will gather and analyze over 5000 data points (especially alternative data) that are used by our engine to build predictive models assessing creditworthiness.
This module is a part of the iFactor Hybrid Marketplace but will also be a stand-alone SaaS ready to be implemented in creditworthiness workflows.
We provide an online platform that brings together liquidy-seeking SMEs and investors to finance the cash needs of the formers, by buying their outstanding customer invoices. The duration of the process is reduced and the steps are simplified, as iFactor conducts efficient, bank-compatible risk assessments to mitigate both fraud and payment risk.
iFactor provides a faster solution compared to traditional ones, while being equal in terms of safety.
In the last months we have been hard at work on the iFactor Pure Analytics module, developed in partnership with Raiffeisen Bank International.
Utilizing AI technologies, our system will gather and analyze over 5000 data points (especially alternative data) that are used by our engine to build predictive models assessing creditworthiness.
This module is a part of the iFactor Hybrid Marketplace but will also be a stand-alone SaaS ready to be implemented in creditworthiness workflows.
Location: Romania, Bucharest
Employees: 1-10
Phone: +40 265 250 955
Total raised: $755.32K
Founded date: 2016
Funding Rounds 1
| Date | Series | Amount | Investors |
| 02.03.2021 | - | $755.32K | Seedrs |
Mentions in press and media 3
| Date | Title | Description |
| 14.06.2021 | Elevator Lab Demo Day 2021: Zentity wins the Best Pitch Award | Elevator Lab, powered by RBI, organized its annual Demo Day on the 10th of June 2021. Unlike the previous events, the Demo Day took place in a digital format due to the COVID-19 crisis. The event featured the launch of the new digital forma... |
| 02.03.2021 | Overfunding: Hybrid B2B Marketplace For Alternative SME Liquidity iFactor Quickly Surpasses €625,000 Funding Target Through Seedrs campaign | iFactor, a Romania-based hybrid B2B marketplace for alternative SME liquidity, has successfully secured its initial €625,000 funding target and is now nearing €715,000 through its equity crowdfunding campaign on Seedrs. Founded in 2016, iFa... |
| 18.12.2020 | Elevator Lab: four fintechs selected for developing a Proof of Concept | The fourth round of Raiffeisen Bank International's (RBI) Partnership Program Elevator Lab took place virtually in the second half of 2020. Elevator Lab, selected as one of the 'Best Financial Innovation Labs in 2020' by the renowned magazi... |