Factorin is the developer and owner of an innovative blockchain-based platform for trade finance transactions with a focus on supply chain finance and invoice factoring. The acquisition is aimed at expanding MTS Group’s portfolio of digital financial services for B2B clients.
Factorin’s innovative platform provides a comprehensive solution for supply chain financing by digitising financial interactions between buyers, suppliers and banks. The platform provides factoring and other trade finance services for leading Russian retailers and their suppliers, including
"This deal is yet another major step forward in the development of digital products and enhanced services for our B2B customers,"
"Factorin is not only a fast-growing and high-tech trade finance platform, it provides a unique offering that fully leverages all of the advantages of blockchain technology," he went on to say. "I am confident that the addition of Factorin into
"Factorin is leveraging the latest innovations to not only offer our customers a full spectrum of advanced trade financing solutions, but also launch fundamentally new products that would be impossible to build using traditional technologies," added
"In just two years, we have built the largest trade finance platform in
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