Description
Introduction
- As part of WOA Digital’s activities, we started compiling the Digital Factoring report to reflect on the current state and trends for digital factoring.
- Invoice finance is a very important source of funding for SMEs, however, both its share within SME funding and its penetration to GDP is below its true potential.
- At WOA Digital we think that digitalization can help eliminate limitations and bottlenecks in the factoring process and we believe that presenting best practices can assist factoring companies to start digitalizing their processes.
- Besides some examples of envisioned customer journeys and the use of AI in factoring are presented.
- We very much hope that you will find the report useful and inspiring.
About the Study
- An annual Review on the possibility of applying and getting a factoring fully online for Micro & SME customers (entrepreneurs and companies) provided by factoring companies & FinTechs in Europe.
- Analyzed countries (10): Bulgaria (1), Czech Republic (1), Hungary (3), Latvia (1), Lithuania (1), Poland (14), Romania (3), Serbia (2), Spain (1), Turkey (5).
- No of participants: 32, of which 10 banks and 22 fintech
- Period of analysis: Jul-Oct 2025
- The study includes a description of the main trends in digital factoring and a detailed analysis of the digital process.
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