FactorAvenue Launched: AI-Powered Software Platform Built for the Factoring Process

FactorAvenue has officially launched. FactorAvenue is a new cloud-based software platform specifically built for factoring companies. The goal is to streamline and automate the entire factoring process—from onboarding clients and verifying invoices to assessing risk, funding deals, and managing collections.

A key differentiator is its use of AI. The platform can automatically verify invoices, monitor debtor exposure in real time, and generate risk scores, while also applying consistent funding rules like advance rates and fees. This helps reduce manual work and speeds up operations.

It’s designed to handle high transaction volumes and supports multiple factoring models (like recourse, non-recourse, and reverse factoring) across industries such as transportation and healthcare. The team behind it brings significant experience, having previously built systems that process tens of thousands of invoices daily.

The platform also integrates with major accounting tools like QuickBooks, Xero, and NetSuite, and meets SOC 2, ISO 27001 and GDPR standards, making it suitable for firms that need both efficiency and strong data controls.