AFORTI Factor Group: record increase in interest in the factoring service

Nearly PLN 6.3 million in six months of 2023 - this is the total value of receivables purchased by AFORTI Factor Group in the form of invoices issued by entrepreneurs using the factoring service. The value of invoices on the basis of which entrepreneurs apply for financing is growing dynamically. Cashing in invoices allows companies to gain immediate access to the money frozen in them and finance current operations without the need to take out expensive loans or credits.

A company belonging to Holding AFORTI S.A. generated a huge increase in factoring services, reaching 157% in the first half of 2023, compared to the same period in 2022. Only in the first half of this year, the value of the balance increased by over 21% compared to the entire previous year, and by as much as 286% in compared to June 2022.

According to the data of the Polish Factors Association (PZF), which brings together the majority of entities providing factoring services in Poland, only in the first half of 2023 the value of receivables reached nearly PLN 225.7 billion. According to the Association, financing in the form of factoring is usually chosen by production and distribution companies.

AFORTI Factor Group operates in Poland and abroad, including Romania. Domestic and Romanian customers using the services of AFORTI Factor Group have access to a fully automatic factoring system - the Kalypso panel. They are also under constant, individual care of advisors who keep in touch with clients from Poland and abroad.

Customers from Poland and Romania are increasingly using factoring services offered by AFORTI Factor Group. The value of all operations recorded by our Company in this half-year is higher than last year. The ability to quickly release funds from invoices to cover current contractual obligations is one of the key attributes that distinguish factoring on the debt market. The dynamic development of AFORTI Factor Group services is also due to a convenient and secure internet platform that allows you to view and order the necessary operations at any time and location - emphasizes Klaudiusz Sytek, President of the Management Board of AFORTI Holding S.A.

The dynamic growth of turnover and balance also result in the continuous expansion of the factoring service and the constant and systematic acquisition of new customers. The good condition of the Company and its future optimistic quotations are confirmed by the figures. Only in the first half of this year, AFORTI Factor Group financed transactions with a total value of nearly PLN 6.3 million under factoring - which translates into an increase of 157% compared to the same period in 2022. The value of invoices on the basis of which entrepreneurs apply for funding is also growing dynamically. The average amount of a single invoice in 2022 was PLN 12.2 thousand. PLN, in this half-year the median is already 20 thousand. zloty. Factoring services are mainly used by entrepreneurs from the SME sector, as well as owners of sole proprietorships, freelancers, startups, large companies and all kinds of companies.