According to WOA.digital‘s Annual Study Report “Digital Factoring Europe 2024,” 21 companies now offer a fully digital factoring process.
If we go in more details, in Europe, 30 factoring companies provide digital applications for factoring. Among these, 4 companies offer both online and mobile application processes, 24 offer only online applications, and 2 offer only mobile applications.
The number of companies offering a fully digital factoring process has increased by 3 in the CEE region compared to 2023, and by 12 compared to 2020.
Leading countries in this domain include:
- Poland: The highest number of fintechs (6) and banks/factoring companies (4) offering a fully online factoring process, totaling 10 factors.
- Hungary and Romania: Each country has 3 factors offering a fully digital factoring process.
- Serbia: 2 factors offer a fully digital factoring process.
Among the 19 fintechs, 16 provide web-based customer interfaces and 3 offer mobile interfaces. Out of the 11 banks, 10 provide web interfaces and 2 offer mobile customer interfaces.
For more detailed insights and to access our Annual Study Report “Digital Factoring Europe 2024,” you can purchase it online here or become a member for 2025.