Who We Are

MoneyFactor is a Canadian financial services company that specializes in the factoring of invoice receivables for companies of all sizes in many industries.

 

Factoring is basically a financial transaction whereby a business sells its invoices or accounts receivables at a discount to a third party called a factor.  As a factor, we convert your invoices into cash.

MoneyFactor provides financing, up to 90% of the purchase price of the accounts, to sellers of the accounts in the form of a cash “advance”.  Once fully collected from the account client, the balance of the purchase price is paid, net of MoneyFactor’s commissions and other charges.