FactorCloud
FactorCloud is a cloud-based SaaS platform that provides invoice factoring software and working capital tools for factoring companies, combining modular workflow automation, a proprietary AI-powered OCR engine (BrightBolt), 20+ native integrations, and SOC 2-compliant security.
- Company typePrivate
- Founded2014
- HeadquartersAtlanta, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What FactorCloud does
FactorCloud, LLC is a cloud-based SaaS platform that provides invoice factoring and working capital software for factoring companies (factors). Founded in 2014 by factoring industry veterans in Atlanta, Georgia, the platform was originally built to address inefficiencies in legacy factoring software after the founders achieved an 80% increase in non-funded exposure (NFE) without adding headcount at their own factoring operation, which was processing 60,000+ invoices per month. The product is a modular system covering Terms, Schedules, Credit, Clients, Debtors, Vendors, Reports, Collections, and Payments, supplemented by a Client Portal that mirrors the subscriber experience to reduce account-executive workload.
The technical foundation is a cloud-based platform with an open REST API, SOC 2 Type 2 certification, and 20+ native third-party integrations spanning credit data (Ansonia, Decipher), ELD/telematics (TruckerCloud), accounting (QuickBooks), AR automation (Bill360), payments (BankShot, Tank), freight visibility (CargoNerd), mobile client experience (FactorGenie), and AI accounting (Lighthouz AI). The proprietary BrightBolt OCR and automation engine, launched in August 2020, reads invoice documents and bills of lading to auto-create schedules and is positioned as both an integrated platform feature and a standalone component. AI capabilities extend to cash application automation (claimed 95% matching accuracy) and AML compliance monitoring with adaptive risk scoring.
The revenue model is a two-tier subscription SaaS: Standard (starting at two users with per-user scaling, unlimited clients/invoices/portals, free onboarding) and Enterprise (API access, flexible user packages, custom integrations, SLAs, multi-year contracts). Go-to-market is sales-led with direct website demo requests and consultative Contact Sales motions for Enterprise. The company is bootstrapped (no external funding rounds disclosed), scaled to 45+ developers as of 2022, and operates with a leadership team that includes CEO Todd Ehrlich (appointed 2022) and Director of Engineering Greg Egan. The product roadmap, evidenced by recent blog content on cash application automation and AML monitoring, continues to expand AI-native capabilities within the factoring workflow.
FactorCloud firmographics
Firmographics- Name
- FactorCloud
- Legal name
- FactorCloud, LLC
- Website
- https://factorcloud.com
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- FactorCloud is a cloud-based SaaS platform that provides invoice factoring software and working capital tools for factoring companies, combining modular workflow automation, a proprietary AI-powered OCR engine (BrightBolt), 20+ native integrations, and SOC 2-compliant security.
- Ownership category
- akta.pro rank
FactorCloud industry classification
Industry- Product category
- Invoice Factoring Software
- NAICS
- Software Publishers (51321)
- SIC
- Services-Prepackaged Software (7372)
- akta.pro primary industry
- Invoice Financing & Factoring (FSAKAGAC)
Keywords
Where FactorCloud is headquartered
LocationHeadquarters
- HQ city
- Atlanta
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
FactorCloud business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Infrastructure, Marketing or Sales, Operations
Revenue model
- Subscription - Standard Tier: SaaS subscription model with per-user pricing. Starts at two users with flat per-user fee for additional users. Includes unlimited clients, invoices, client portals, and seamless integrations. Free onboarding included.
- Subscription - Enterprise Tier: Premium tier for larger teams with API access included, flexible user packages, custom integrations, and service-level agreements for faster response times. Requires Contact Sales for pricing.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Standard tier for small to mid-size factoring operations |
| Subscription | Multi-year contract | Enterprise tier for larger teams needing flexibility and deeper support |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels6 records
FactorCloud product offering
Product offeringCore offering
FactorCloud develops a cloud-based SaaS invoice factoring software platform built by factors, for factors. The platform unifies client, debtor, vendor, schedule, credit, collections, payments, reporting, and OCR-driven automation workflows into a single system, with an open REST API and 20+ native third-party integrations. It serves factoring companies of all sizes via Standard and Enterprise subscription tiers, with SOC 2 Type 2 compliance and a BrightBolt OCR engine as key proprietary capabilities.
Product overview
FactorCloud is a cloud-based invoice factoring software platform built by factors, for factors. The platform operates as a unified platform-plus-modules architecture combining the core FactorCloud Platform with integrated add-on modules including BrightBolt (OCR and automation engine), Client Portal, and functional modules for Terms, Schedules, Credit, Clients, Debtors, Vendors, Reports, Collections, and Payments. The platform offers over 20 native integrations with third-party tools including QuickBooks, Ansonia, TruckerCloud, and others, plus an open REST API for custom integrations. Two pricing tiers are offered: Standard (starting at 2 users with per-user scaling) and Enterprise (with API access, custom integrations, and SLAs). The platform was originally built in 2014 and received significant investment in 2022 with 45+ developers to expand capabilities.
Differentiator
Problem solved
Functional benefit
Brands
- BrightBolt: AI and OCR engine that reads invoice documents and builds schedules automatically, cutting out manual data entry and speeding up funding cycles. Also called Firebolt in some early blog posts.
Products and services
- FactorCloud Platform Cloud-based invoice factoring software platform built by factors, for factors. Offers unified workflows for client portal, debtor management, vendor tracking, configurable terms, reporting, collections pipeline, payment processing, credit integration, and OCR automation in a single system. Sold via Standard and Enterprise subscription tiers.
- BrightBolt OCR Engine AI-powered OCR and automation engine that reads invoice documents and supporting paperwork (bills of lading, rate confirmations) and automatically extracts data to build schedules, cutting out manual data entry and speeding up funding cycles. AI and machine learning that learns and improves over time. Usable fully integrated within FactorCloud or with existing factoring software.
Quantifiable outcome
- 80% more NFE capacity without adding staff
- +3 more outcomes
Companies that use FactorCloud
Customer profileSegments3 records
Ideal customer profiles2 records
FactorCloud technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration15 records
AI capability7 records
Feature6 records
FactorCloud partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core.
- International Factoring Association (IFA)coreFounding Gold Sponsor of IFA's New Southeast Chapter. Active participation in IFA's Preferred Vendors Program. Industry association partnership for thought leadership and market presence.
- Ansonia Credit DatacoreIntegration partnership providing commercial credit reports. Pull payment histories and risk indicators directly into FactorCloud for credit decision-making. Enables credit pulls based on single MC number and automatic assignment of client credit limits.
- TruckerCloudcoreReal-time ELD (Electronic Logging Device) data integration connecting factoring software to telematics insights. Streamlines risk assessment, funding approvals, and collections tracking for transportation clients.
- QuickBookscoreAccounting software integration eliminating duplicate data entry. Syncs invoices, payments, and journal entries for smoother financial reporting and compliance.
Scale indicators6 records
Recent moves5 records
Expansion highlights6 records
FactorCloud competitors and assessment
Company assessmentDirect peers
- HighRadius: HighRadius is an enterprise AI-powered Order-to-Cash and Treasury platform offering collections, cash application, credit, deductions, and AR automation. Comparable to FactorCloud because it serves B2B receivables workflows with AI/ML automation, including OCR-driven invoice processing and cash application, overlapping with FactorCloud's BrightBolt and cash application capabilities.
- Versapay: Versapay is a B2B AR automation and payments network that helps businesses automate invoice delivery, collections, and cash application. Comparable to FactorCloud because it targets mid-market and enterprise B2B receivables workflows with cloud-native SaaS, embedded payments, and automated cash application—directly competitive with FactorCloud's automation positioning.
- Billtrust: Billtrust operates a B2B Order-to-Cash platform spanning invoicing, credit, collections, payments, and cash application. Comparable to FactorCloud because it automates receivables workflows with AI-driven cash application and credit decisioning, serving a similar enterprise B2B customer base that overlaps with the factoring vertical.
- C2FO: C2FO is the world's largest B2B working capital marketplace, connecting suppliers and buyers with early payment and dynamic discounting. Comparable to FactorCloud because it operates in the working capital / invoice financing space and increasingly competes with factoring for SMB receivables financing customers.
- Resolve: Resolve is a B2B credit and payments automation platform that streamlines net terms, credit decisions, and AR for B2B sellers. Comparable to FactorCloud because it automates credit decisioning and receivables financing workflows, overlapping with FactorCloud's credit module and factoring-adjacent automation.
- LiquidX: LiquidX is a trade finance and working capital platform enabling receivables financing, supply chain finance, and factoring transactions. Comparable to FactorCloud because it operates a SaaS-enabled platform for factoring and receivables financing, serving similar institutional buyers with technology-driven working capital solutions.
Emerging players
- BlueVine: BlueVine is a digital banking platform for small businesses offering invoice factoring, lines of credit, and payment solutions. Comparable to FactorCloud because it operates in the invoice factoring space with its own technology platform, though it functions as a factor/lender rather than selling software to factors.
- AvidXchange (MineralTree): AvidXchange is an AP/AR automation platform serving mid-market businesses, having acquired MineralTree. Comparable to FactorCloud because it provides automation across invoice, payment, and cash application workflows, competing for the same B2B finance buyer and increasingly overlapping on cash application AI capabilities.
Broad incumbents
- Bottomline Technologies: Bottomline Technologies is an established enterprise payments and AR automation vendor offering invoicing, collections, cash management, and trade finance solutions. Comparable to FactorCloud because it serves the AR/working capital software market, but as a broad incumbent with a much wider portfolio including treasury, payments, and fraud.
- Bill.com: Bill.com is a leading SMB financial operations platform for AP, AR, spend management, and corporate card workflows. Comparable to FactorCloud because it serves B2B receivables and payments automation at the SMB end, competing for similar AI-driven cash application and integration-driven workflows though without factoring-specialized features.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
FactorCloud social profiles
Digital presenceFactorCloud compliance and trust
Trust signalCompliance3 records
FactorCloud financial estimates
Financial estimateRevenue estimate
Valuation estimate
FactorCloud leadership team
Management profileNumber of profiles
Profiles4 records
FactorCloud funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
FactorCloud M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about FactorCloud
What does FactorCloud do?
FactorCloud develops a cloud-based SaaS invoice factoring software platform built by factors, for factors. The platform unifies client, debtor, vendor, schedule, credit, collections, payments, reporting, and OCR-driven automation workflows into a single system, with an open REST API and 20+ native third-party integrations. It serves factoring companies of all sizes via Standard and Enterprise subscription tiers, with SOC 2 Type 2 compliance and a BrightBolt OCR engine as key proprietary capabilities.
Is FactorCloud a public or private company?
FactorCloud is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was FactorCloud founded?
FactorCloud was founded in 2014. It employs 11 to 50 people.
Where is FactorCloud based?
FactorCloud is headquartered in Atlanta, United States, in the North America region.
How does FactorCloud make money?
Two revenue lines are on record. Subscription - Standard Tier is the primary driver. The others are subscription - Enterprise Tier.
Who are FactorCloud's main competitors?
Direct peers on record are HighRadius, Versapay, Billtrust, C2FO, Resolve and LiquidX. Emerging players are BlueVine and AvidXchange (MineralTree). Broad incumbents are Bottomline Technologies and Bill.com.
Does FactorCloud have an API?
Yes. FactorCloud offers an open REST API that allows users to integrate with industry-leading providers and push/pull data for seamless integrations with clients and third parties. The API enables automated workflows and data synchronization. Enterprise tier includes API access included. Developer documentation is at www.factorcloud.com/integrations.
What industry is FactorCloud in?
FactorCloud's product category is Invoice Factoring Software. Its primary akta.pro industry code is FSAKAGAC, Invoice Financing & Factoring. Its NAICS code is 51321 and its SIC code is 7372.