What Banpro Factoring does

Banpro Factoring S.A. is a privately held Chilean non-bank factoring company founded in 2011 and headquartered in Santiago, with a regional subsidiary (BANPRO PERU S.A.C.) operating from Lima, Peru. The company purchases accounts receivable (facturas, cheques, and letras) from clients at a discount and collects from the underlying debtors, generating revenue from the spread between purchase price and collection proceeds. Its primary customer segments are small and medium-sized enterprises (PYMEs), individual entrepreneurs (personas naturales), and a wide range of legal entities including Ltda., S.A., SpA, and EIRL structures, all of which face limited access to traditional bank credit and need working capital without consuming bank credit lines.

The company's core technology is its Web Factoring platform (webfactoring2.banpro.cl), a self-serve web application that allows non-clients to register with an email, submit invoices, receive quotes within 60 minutes, sign contracts via advanced digital signature, and execute cesion (assignment) operations with a single click. Existing clients access full operation history, current and overdue portfolio status, and collection information 24/7. The platform is complemented by a traditional 17-branch physical distribution network spanning Chile from Iquique in the north to Punta Arenas in the south, mixing full offices with virtual branches, plus inside-sales executives who follow up on digital inquiries within 24 hours.

Banpro's go-to-market combines a product-led growth motion through the Web Factoring platform with inside-sales and direct branch sales for SMEs. Pricing is not publicly disclosed and is quote-based per transaction, depending on debtor creditworthiness, document type, volume, and client relationship. The company is governed by a board of directors chaired by José Tomás Covarrubias Valenzuela, with no disclosed external investors or parent company, suggesting an independently operated, founder/family-aligned ownership structure.

Name

Banpro Factoring

Legal name

Banpro Factoring S.A.

Website

https://banpro.cl

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

51–100 employees

Short description

Banpro Factoring is a Chilean non-bank factoring company that purchases accounts receivable (facturas, cheques, letras) from small and medium-sized enterprises, operating a 17-branch Chilean network plus a Peru subsidiary and a self-serve Web Factoring platform.

Ownership category

akta.pro rank

Product category

Commercial Finance / Factoring Services

NAICS

Nondepository Credit Intermediation (5222)

SIC

Short-Term Business Credit Institutions (6153), Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Receivables Finance (Factoring, Invoice Discounting, Forfaiting) (FSABAHAD)

akta.pro secondary industry

Debt Buying / Portfolio Acquisition & Recovery (Debt Purchasers) (BPAAAEAG)

Keywords

• Accounts receivable factoring
• Working capital financing
• SME liquidity solutions
• Invoice discounting
• Receivables management

Headquarters

HQ city

Santiago

HQ country

Chile

HQ region

Latin America

Offices18 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 Transaction Fees: Banpro purchases accounts receivable (facturas, cheques, letras) from clients at a discount, providing immediate liquidity. Revenue is generated from the spread between the purchase price paid to the client and the amount collected from the debtor. This is the core revenue stream for the factoring business.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Banpro Factoring purchases accounts receivable (facturas, cheques, letras) from small and medium-sized businesses at a discount, providing immediate liquidity and working capital without consuming the client's bank credit lines. The company delegates collections, handles document custody, and operates a digital Web Factoring platform complemented by 17 physical branches across Chile plus operations in Peru.

Product overview

Banpro Factoring operates as a single unified factoring service platform for small and medium-sized enterprises in Chile and Peru. The core offering consists of the Web Factoring platform, which serves as the primary digital interface for all client interactions. Supporting this is a complementary Quote Service that allows non-clients to obtain rapid quotes. The company transforms accounts receivable (facturas, cheques, letras) into immediate liquidity without requiring bank debt, enabling clients to delegate collections to experts and access 24/7 online information about their portfolio status.

Differentiator

Problem solved

Functional benefit

Products and services

• Web Factoring

Quantifiable outcome

• Line opening in 24 hours and same-day operation disbursement
• +1 more outcomes

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators2 records

Recent moves5 records

Expansion highlights1 record

Direct peers

• Factoring Security: Chilean factoring company providing invoice discounting and receivables financing primarily to SMEs. Competes head-to-head with Banpro in the same geography and customer segment with a similar online quote-and-onboarding model.
• GTT Global (formerly Factoring Chile): Established Chilean factoring and credit services firm offering receivables purchasing and working-capital solutions to businesses. Directly competes with Banpro on factoring services and SME lending across Chile.
• Eurocapital: Chilean factoring and financial services provider focused on invoice discounting for SMEs and mid-market companies. Comparable business model and customer base to Banpro in the Chilean market.
• Tanner Servicios Financieros: One of Chile's largest non-bank factoring and financial services companies, offering invoice factoring, leasing, and credit to SMEs. Direct competitor to Banpro in the Chilean PYME working-capital market with a comparable focus on receivables financing.

Regional players

• ProFactoring: Mexican factoring company offering electronic invoice discounting and supply-chain financing to SMEs. Operates in a different geography but is structurally comparable to Banpro as a digital-first LatAm factoring specialist.
• R2 Capital (formerly Invex Factor): Mexican non-bank factoring and receivables-financing platform serving SMEs with similar digital onboarding to Banpro. Regionally adjacent peer operating under comparable non-bank, digital-first model.

Broad incumbents

• Banco BCI Factoring: One of Chile's largest commercial banks, providing factoring, leasing, and working-capital products to corporate and SME clients. Competes with Banpro on invoice financing but as part of a full-service banking franchise.
• Interbank (Peru) Factoring: Major Peruvian bank offering factoring and invoice-discounting services within a broad commercial banking portfolio. Overlaps with Banpro Peru in the Peruvian SME receivables-financing space but offers factoring as part of a much wider product set.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/Banpro-Factoring-102869578093765
• LinkedInlinkedin.com/company/banprofactoring

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries1 record

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 Banpro Factoring