The Marketplace

The invoice discounting marketplace is part of the factoring ‘financial service’ family. The market continues to grow at a healthy rate, especially at the lower end of the sales volume scale, i.e. The Interface Financial Group market niche.

This is the Interface niche market area. Interface has always enjoyed great success working with smaller emerging companies. The client profile would indicate that these companies have sales probably in the range of $350,000.00 up to about $4 million per annum and have been in business in some cases for as little as 5 or 6 months and usually not much more than 4 years.

Factoring and Invoice Discounting are mature financial services both in North America and on a worldwide basis.

According to the World Factoring Yearbook 2004 (published by BCR Publishing of Bromley, Kent, England), there were over 60 countries reporting a domestic and export factoring industry in the year 2004.

The volume of factored/discounted receivables has been growing at a substantial rate. From 1998 up to 2003 the world volume has increased by approximately 75%, and the trends would indicate continued growth in 2004.

The following table shows the year-by-year increase in worldwide volume. The numbers are quoted in U.S. dollars and have been converted from source information recorded in Euros.

In North America the total of invoices that were factored/discounted in 2003 was $112,535,000,000. (over $112 Billion dollars)

The country with the highest volume of transactions is the United Kingdom ($215,791 million), followed by Italy ($177,813 million) and the United States ($108,285 million). export factoring industry in the year 2004.

For a detailed overview please complete our, “Franchise Information Request Form”.