Hilldun

What Hilldun does

Hilldun Corporation is a privately held, family-owned factoring and finance company founded in 1958 and headquartered in New York, with additional offices in Los Angeles and London. The company provides accounts receivable management, credit protection, receivable financing, purchase order financing, DTC financing, chargeback management, and back-office services exclusively to fashion and consumer products brands. Its client roster includes enterprise and mid-market fashion houses such as Tommy Hilfiger, Marc Jacobs, Alexander Wang, Golden Goose, Amiri, A.L.C., and Betsy Johnson, and Hilldun factors more than 120 brands selling to Saks Fifth Avenue plus 15-20 brands selling to Neiman Marcus.

Hilldun operates a cloud-based operational platform with disaster recovery capabilities, migrated during 2020 to support remote work, and offers clients a web-based portal (clientv4.hilldun.com) for order entry, credit approval tracking, and accounts receivable monitoring. The company supports multi-currency operations across USD, GBP, EUR, CAD, and AUD and maintains regional business development coverage split between East Coast/Europe and West Coast/Asia Pacific. The technology stack is positioned as operational infrastructure for factoring rather than as a differentiated product surface; no AI/ML capabilities, APIs, or integrations are disclosed.

Revenue is generated through transaction fees on factored receivables, interest spreads on financing lines, and professional services fees for back-office support. Pricing is customized and not publicly disclosed. Distribution is exclusively direct B2B through a relationship-driven sales team; there is no reseller, marketplace, or self-serve acquisition channel beyond the existing client portal. The company is led by CEO Gary Wassner (third generation) with Managing Directors Joshua W. Kapelman and Cristopher J. Wassner (fourth generation), and no external institutional ownership has been disclosed.

Name

Hilldun

Legal name

Hilldun Corporation

Website

https://hilldun.com

Company type

Private

Founded year

1958

Operating status

Operating

Headcount range

11–50 employees

Short description

Hilldun Corporation is a privately held, family-owned factoring and finance firm founded in 1958 that provides accounts receivable financing, credit protection, and back-office services exclusively to fashion and consumer products brands, operating from New York, Los Angeles, and London.

Ownership category

akta.pro rank

Product category

Fashion Industry Factoring & Trade Finance

NAICS

Sales Financing (52222)

SIC

Services-Consumer Credit Reporting, Collection Agencies (7320)

akta.pro primary industry

First-Party (In-House) Collections & Servicing (FSAKAJAA)

Keywords

• Accounts receivable factoring
• Fashion industry finance
• Credit protection services
• Purchase order financing
• Trade receivables management

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Factoring Services: Accounts Receivable and Factoring services based on both purchase orders and invoices. The company pays brands immediately for orders shipped to retailers and then collects payments from retailers on the back end.
2. Credit Protection: Evaluates creditworthiness of purchase order issuers and provides credit approvals. If approved and the buyer fails to pay, Hilldun guarantees payment to the client.
3. Receivable Financing: Provides immediate funding after shipment and invoicing, eliminating wait time for client cash flow. Establishes a flexible line of credit that grows automatically as accounts receivable increase.
4. DTC Financing: Establishes lines of credit against direct-to-consumer revenues, maintaining inventory necessary to fulfill sales.
5. Back-office Services: Comprehensive back-office support including style entry, order processing, credit processing, shipment processing, invoicing, customer service, and sales commission management.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Hilldun provides accounts receivable factoring and trade finance services to fashion brands and consumer product companies. The company purchases brands' invoices (and purchase orders), pays them immediately upon shipment to retailers, assumes credit risk on retailer non-payment, and collects from retailers on the back end. Services are bundled with credit protection, collections, and back-office operational support.

Product overview

Hilldun offers a unified portfolio of factoring and finance services for fashion and consumer products businesses. The core offerings center on Accounts Receivable Management, Credit Protection, Receivable Financing, and Collection Factoring (including Purchase Order Financing). Additional services include Back-office Services, DTC Financing, and Chargeback Management. The company provides clients full online access to their accounts for order entry, credit approval tracking, and receivables monitoring across global operations in multiple currencies.

Differentiator

Problem solved

Functional benefit

Products and services

• Collection Factoring (Accounts Receivable Factoring) Entry-level factoring service that forms the foundation of Hilldun's offerings, paying brands immediately upon shipment of goods to retailers and collecting from retailers on the back end. Targeted at fashion and consumer product brands.
• Purchase Order Financing

Quantifiable outcome

• Hilldun factors well over 120 brands that sell to Saks Fifth Avenue alone, plus 15-20 brands selling to Neiman Marcus
• +1 more outcomes

Named customers7 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• CIT Group (First Citizens Bank): Large commercial bank with a long-standing factoring and asset-based lending division serving apparel and consumer products brands. Provides factoring, supply chain financing, and credit protection to a similar client base, making it one of Hilldun's largest direct competitors in fashion factoring.
• Wells Fargo Capital Finance: Asset-based lending and factoring arm of Wells Fargo offering receivables financing, purchase order financing, and credit protection to middle-market and large apparel and consumer brands. Directly competes with Hilldun for fashion factoring clients.

Direct peers

• Sterling National Bank (Webster Bank): Bank with a well-known apparel and factoring practice serving fashion brands and retailers, historically competing head-to-head with Hilldun for luxury and contemporary fashion factoring relationships.
• White Oak Commercial Finance: Independent commercial finance company providing factoring, asset-based lending, and PO financing to apparel and consumer products businesses. Competes directly with Hilldun for middle-market fashion factoring clients.
• Republic Business Credit: Asset-based lender offering factoring, receivables financing, and PO financing with a focus on apparel, consumer products, and staff agencies. Provides similar credit protection and collections capabilities to Hilldun's fashion brand clients.
• Gerber Finance: Apparel and consumer products factoring specialist providing accounts receivable financing and back-office services to emerging and mid-market fashion brands. Closely comparable niche positioning to Hilldun.
• Mountain Pacific Capital: Commercial finance company providing factoring and asset-based lending specifically to apparel and consumer products companies, including brands selling to major retailers. Closely comparable niche focus to Hilldun.

Emerging players

• LSQ: Technology-driven accounts receivable financing and invoice factoring platform serving mid-market businesses, including consumer products companies. Represents a more digitized, fintech-style competitor to Hilldun's traditional factoring model.
• BlueVine: Online small-business financing platform offering invoice factoring and lines of credit to SMBs, including retail and consumer goods businesses. Adjacent fintech competitor targeting the smaller end of Hilldun's brand client base.
• Fundbox: Digital SMB financing platform providing lines of credit and working capital solutions. Competes for the working capital needs of small and mid-market fashion and consumer product brands that might otherwise consider Hilldun.

Market position

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/HilldunCorp

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hilldun