Pagero partners with A.B.S. Global Factoring for automatic invoice financing

Invoice financing, or factoring, is a bank-independent form of financing in which a company continuously sells its trade receivables to a factoring partner in return for immediate liquidity and improved working capital. Factoring provides companies with an individual solution for greater financial liquidity, security and flexibility.

The partnership will bring unique financial and business enhancement opportunities to B2B companies that are expanding and growing. Companies can now invoice their customers electronically worldwide via Pagero Online in the format required by the debtor, while simultaneously receiving immediate funding and credit insurance with just one click.

Bengt Nilsson, CEO of Pagero:
“Digitisation combined with a customer-oriented financing offer will transform the way working capital is being deployed in business. The opportunities provided by fast and accurate information in combination with a financing company that understands its customers’ problems and how to resolve them will add yet another tool to our customers’ toolbox for staying competitive in a demanding business environment.”

Trond Dale, CEO of A.B.S. Global Factoring:
“We are very pleased with our collaboration with Pagero. Capital and automated business processes are needed in order for companies to be able to grow successfully. Together with Pagero, we can offer an efficient financing solution to a wider range of companies and at the same time offer our corporate customers a smoother process for e-invoicing.”

About A.B.S. Global Factoring

A.B.S. Global Factoring is a financial corporation specialised in the funding of small and medium-sized growth and exporting companies. Over the past 20 years, by offering immediate liquidity and complete protection against credit losses, we have been able to help hundreds of companies improve their liquidity and take advantage of their opportunities.

We aim to challenge the traditional factoring market and create efficient financial solutions by focusing on the creation of long-term value for our clients throughout all phases of their growth.

The A.B.S. Group operates in four countries in Europe – Sweden, Germany, Austria and Switzerland – and is entrusted with more than 158,000 customer relationships worldwide. The Swedish office was established in Stockholm in 2013 and is responsible for the Nordic market. Read more at www.absfactoring.se

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