FACTOR.MD offers a multitude of financial services fulfilling the need for additional financial resources from the moment of invoicing to the term of the invoice payment. Business development will benefit greatly from necessary cash flow resulting in faster capital turnover.
Up to 95% of the invoice
amount
Up to 180 days
100% in more than
100 countries
No collateral
We transfer the required amount while the bank considers your application. Application processing takes 2-3 days.
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FINTECLY SRL using portal FACTOR.MD is the only company in Moldova specialising in international factoring.
FINTECLY SRL is a proud member of FCI - global factoring network of 400 members in 90 countries established in 1968 as an umbrella organisation for independent factoring companies around the world.
FINTECLY SRL is licensed and regulated by National Bank of Moldova as Electronic Money Institution (license nr.000474 from 22.02.2019) according to Law no. 114 from 18.05.2012 on payment services and electronic money.
Factoring from Factor.md will allow you to minimise financial risks, boost sales volumes, enter new markets followed by an acquisition of additional market share.
Understandable terms of cooperation and agreements with no fine print
You can provide most of the documents signed digitally
Our key advantage is accuracy and teamwork
After receiving a factoring application, Factor.md sets the factoring limit to the buyer, followed by a factoring contract signing with FINTECLY SRL (and a sales contract with the buyer, if it is not already concluded). Your company should inform the buyer about the procedures involved.
The buyer's limit is based on its creditworthiness
The factoring limit is based on the seller's ability to provide goods or services to buyers
The terms of payment for the buyer are usually 90 days, but they can be more for certain types of goods
Financing is provided in the amount of 70%-90% on the basis of goods and service characteristics
The full amount is given after receiving the payment from the buyer
The duration of the factoring contract is usually 1 year
The financing is provided to the seller after the seller fulfils the seller's obligations towards the buyer and provides factor.md with documents confirming that
The buyer's debt is reassigned to factor.md (export factor), which in turn reassigns it to its partner in the buyer's country (import factor)
You submit a request for factoring to us
We request the buyer's limit from the import factor
The limit is confirmed or not
processing of all necessary documents, both corporate and accompanying deliveries of goods/services
The conclusion of the factoring agreement
You supply the goods to the buyer
You send us the documents certifying the sale transaction: a contract, an invoice and supply documents
We transfer finances to you as a factoring advance payment, minus factoring costs
The buyer pays the invoice to the import factor
The import factor transfers the recovered amount to factor.md
We transfer the difference between the received payment and the factoring advance to you
This personal data processing policy is made in compliance with the requirements of Regulation (EU) 2016/679 concerning personal data processing (General Data Protection Regulation, GDPR) and defines the procedure for personal data processing as well as measures to ensure personal data safety by factor.md (hereinafter referred to as the Operator).
factor.md processes cookie files in accordance with the specified goals:
The security of personal data processed by the Operator is ensured by the implementation of legal, organisational and technical measures necessary to fully comply with the requirements of the current legislation in the field of personal data protection.