What is Export Factoring?
Export factoring is a form of receivables financing where a financial institution (bank, NBFC, or fund house) purchases, finances, and manages the short-term account receivables of an exporter.
Who is it for?
Established Exporters
Exporters who want the flexibility to sell goods to their long standing buyers on open account terms
Small & Medium Sized Exporters
Exporters in their growth phase who want to keep their funds unlocked and mitigate the risk of non-repayment by their buyer
Outsourcing-Based Exporters
Exporters who want to outsource their credit, collections and account receivables book-keeping process.
Unlock the potential of your business with non-recourse Export Factoring
Extended Payment Terms
Offer longer and extended payment terms to your buyers
Risk Mitigation
Get credit insurance to protect yourself against buyer bankruptcy and defaults
Economic contribution
The emergence of multiple businesses aided by trade financing is expected to result in a stronger economy and greater economic contributions.
Scalable Financing
The amount of financing increases with the growth of your business
How it works
01
Onboarding
Register and complete KYC verification and AML/CFT screening on the KredX GTX platform.
02
Invoice Upload and Acceptance
Upload your export invoices, bills of lading on the KredX GTX platform to create a Trade Factoring Unit. Post buyer/importer acceptance the Factoring Unit is listed for bidding
03
Bidding
Financiers present on the KredX GTX platform will bid for the Factoring Unit with details such as rate of financing, cost of funds, time to disbursement You can choose the bid which is best for you.
04
Disbursement
After the agreement signing, the financier will disburse the amount directly to your account.
05
Repayment
The buyer/importer will repay the amount directly to the financier based on a pre-decided repayment schedule.
02
Invoice Upload and Acceptance
Upload your export invoices, bills of lading on the KredX GTX platform to create a Trade Factoring Unit. Post buyer/importer acceptance the Factoring Unit is listed for bidding
04
Disbursement
After the agreement signing, the financier will disburse the amount directly to your account.
Estimate your export factoring interest cost
Invoice Amount
298000
$ 100,000
$ 1,000,000
Payment terms (i.e. invoice due date)
130
60 days
180 days
How much you could advance now
$ 0
Plus, when invoices paid
$ 0
What you will pay
$ 0
Disclaimer:
The figures generated by this calculator are intended as a guide only. This shall not, and is not intended to, constitute any funding commitment. Rates will be given by financiers according to their analysis of yours and your buyer's risk profile.
Not sure where to start?
Ask about KredX GTX products, pricing, implementation, or anything else. Our highly trained reps are standing by, ready to help.