Fiorito Factoring

What Fiorito Factoring does

Fiorito Factoring S.A. is an Argentine financial services group founded in 1998 and headquartered at Av. Santa Fé 846 in Buenos Aires. The group is structured across three legal entities: Fiorito Factoring S.A. as the controlling company and two wholly-owned operating subsidiaries — Fideicomisos Argentinos S.A. for financial trust structuring and administration, and Leasing Argentino S.A. for capital goods leasing. The firm serves Argentine PYMEs (the dominant user segment in domestic factoring, representing 68.3% of demand), large corporations, and individual investors, addressing working-capital, asset-financing, and capital-markets needs through four integrated service lines: factoring of accounts receivable, capital-markets brokerage, leasing, and financial trust structuring.

The product portfolio spans factoring for immediate liquidity conversion of credit sales into cash; capital-markets operations across fixed income (public titles, corporate bonds, deferred checks, cauciones), variable income (local shares plus CEDEARs for international diversification), and derivatives (options and futures cleared on MATBA-ROFEX); leasing of machinery, vehicles, and real estate; and fiduciary structures for asset securitization through the Fideicomisos Argentinos subsidiary. The technology stack centers on a proprietary online trading platform (gallo.fioritofactoring.com.ar) that enables self-directed securities transactions and integrated account access. Capital-markets operations are conducted through exchange memberships at BYMA (N°147) and MAV (N°713), and the firm holds Agente de Liquidación y Compensación (ALYC) authorization from the CNV (N°113), with BCRA oversight as a non-financial credit provider.

Revenue is generated on a transaction-fee basis across the four service lines. Commission rates on capital-markets transactions range from 0.10% (futures opening and closing) to 1.00% (options), plus BYMA market rights of 0.015% and 21% IVA on commissions. The go-to-market is advisory-led — personalized consultation through website forms, phone, and email for PYMEs and large corporations — supplemented by a self-serve platform channel for individual investors. Distribution is exclusively Argentina-based and ownership remains concentrated within the Fiorito family, whose involvement in Argentine banking dates to 1913 through Banco Quilmes (acquired via majority shareholding in 1971 and sold in 1997).

Name

Fiorito Factoring

Legal name

Fiorito Factoring S.A.

Website

https://fioritofactoring.com.ar

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

11–50 employees

Short description

Argentine financial services group (founded 1998) offering factoring, capital-markets brokerage, leasing, and financial-trust services to Argentine PYMEs, large corporations, and individual investors via its proprietary online trading platform.

Ownership category

akta.pro rank

Product category

Commercial Finance and Capital Markets

NAICS

Activities Related to Credit Intermediation (5223), Investment Banking and Securities Intermediation (523150), Trusts, Estates, and Agency Accounts (52592)

SIC

Miscellaneous Business Credit Institution (6159), Security Brokers, Dealers & Flotation Companies (6211), Finance Lessors (6172), Investment Advice (6282)

akta.pro primary industry

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

akta.pro secondary industries

Invoice Factoring & Receivables Finance Brokerage (FSAEAEAO), Invoice Financing & Factoring (FSAKAGAC), Trust Administration & Fiduciary Accounting Services (FSAAANAF)

Keywords

• Accounts receivable factoring
• Capital markets brokerage
• Commercial leasing services
• Financial trust administration
• Argentine securities trading

Headquarters

HQ city

Buenos Aires

HQ country

Argentina

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Capital Markets Commissions: Commission-based revenue from securities trading operations including public titles, shares, corporate bonds, CEDEARs, checks, options, and futures. Fees range from 0.15% to 1.00% depending on instrument type.
2. Factoring Operations: Revenue from discounting accounts receivable (checks, credit invoices, promissory notes) through factoring operations. Companies cede credits against a discount rate to obtain immediate liquidity.
3. Leasing Services: Lease financing for capital goods (machinery, vehicles, real estate) with periodic installments, option to purchase, and tax benefits. Generates income through interest rates on financed assets.
4. Financial Trusts Administration: Structuring, administration, and representation of financial trusts (fideicomisos financieros) in Argentine capital markets. Revenue from trust structuring fees and administration services.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels2 records

Core offering

Fiorito Factoring S.A. is an Argentine financial services group that provides factoring (discounting of accounts receivable including checks, credit invoices, and promissory notes), capital markets brokerage (ALYC N° 113) on BYMA and MAV, leasing for capital goods, and the structuring and administration of financial trusts. It complements these services with fixed-income, variable-income, and derivatives investment access for individuals and corporate investors, supported by a proprietary online trading platform.

Product overview

Fiorito Factoring operates as a financial services group founded in 1998, comprising three main subsidiaries: Fiorito Factoring S.A. (controlling company), Fideicomisos Argentinos S.A., and Leasing Argentino S.A. The company offers an integrated portfolio of financial services organized around two pillars: Services (Factoring, Capital Markets, Leasing, Financial Trusts) and Investments (Fixed Income, Variable Income, Financial Derivatives). The core offering centers on factoring and accounts receivable management, supplemented by capital markets access, asset financing, and fiduciary structures. The company serves both SMEs and large corporations with tailored financial solutions.

Differentiator

Problem solved

Functional benefit

Products and services

• Factoring Financing solution enabling companies to convert credit sales into immediate cash by assigning invoices, deferred payment checks, or promissory notes to Fiorito Factoring. Designed for Argentine companies seeking immediate working capital and off-balance-sheet financing that does not affect their bank credit lines.
• Mercado de Capitales (Capital Markets) Capital markets brokerage and advisory services covering stocks, bonds, CEDEARs, deferred payment checks, options, futures, and stock exchange loans. Operated under CNV ALYC authorization (N° 113) with BYMA (N° 147) and MAV (N° 713) memberships, serving individuals and companies seeking professional access to Argentine securities markets.
• Leasing Capital goods financing for machinery, equipment, vehicles, and real estate, allowing companies to use assets while paying periodic installments with flexible terms, tax benefits (deductibility of installments as operating expenses), and a purchase option at contract end. Operated through subsidiary Leasing Argentino S.A.
• Fideicomisos Financieros (Financial Trusts) Fiduciary structures that legally separate assets, enabling companies to access capital markets through asset securitization and investors to access fixed-income alternatives with limited risk. Includes structuring, administration, and representation of financial trusts in Argentine capital markets. Operated through subsidiary Fideicomisos Argentinos S.A.
• Renta Fija (Fixed Income) Investment instruments with predictable cash flows including government bonds (Títulos Públicos), corporate bonds (Obligaciones Negociables), deferred payment checks (Cheques de Pago Diferido), and stock exchange loans (Cauciones Bursátiles). Targeted at investors seeking capital preservation and predictable returns.
• Renta Variable (Variable Income) Variable income instruments including local and international stocks traded on BYMA, and CEDEARs (Certificates of Deposit representing foreign stocks) that provide international diversification and currency hedging. Targeted at investors seeking equity exposure and international diversification.
• Derivados Financieros (Financial Derivatives) Sophisticated financial derivatives including options and futures traded on MATBA-ROFEX for hedging strategies and advanced investment approaches, covering currency, agricultural commodities, and equity indices. Targeted at sophisticated investors needing hedging and advanced strategies.

Quantifiable outcome

• Cash flow improvement through immediate conversion of accounts receivable to cash
• +2 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core.

• Banco Central de la República Argentina (BCRA)coreOthersRegulatory authority overseeing non-financial credit providers. Fiorito operates under BCRA regulations for consumer and business financial services, with established compliance procedures and user protection standards.
• Comisión Nacional de Valores (CNV)coreOthersNational Securities Commission authorizing Fiorito as Agent for Settlement and Compensation (ALYC) under registration N° 113. Subject to CNV regulations for capital markets operations.
• Bolsas y Mercados Argentinos (BYMA)coreOthersArgentine stock exchange and markets operator. Fiorito holds membership N° 147 enabling securities trading operations on the exchange.
• Mercado Argentino de Valores (MAV)coreOthersArgentine money market operator. Fiorito holds membership N° 713 for operating in the money market segment.
• Fideicomisos Argentinos S.A.coreOthersSubsidiary company within the Fiorito Group specializing in structuring, administration, and representation of financial trusts in Argentine capital markets.
• Leasing Argentino S.A.coreOthersSubsidiary company within the Fiorito Group specializing in leasing operations for capital goods including machinery, vehicles, and real estate.

Scale indicators4 records

Recent moves5 records

Expansion highlights3 records

Emerging players

• Mercado Pago: Argentine fintech arm of Mercado Libre offering working-capital credit, merchant loans, and payment-based financing to PYMEs — competes with Fiorito's factoring business from a digitally-native, low-cost origination model.
• Ualá: Argentine fintech providing consumer and SME credit products via a mobile platform — an emerging competitor to traditional factoring and working-capital lenders like Fiorito in the Argentine SME segment.

Direct peers

• Grupo SBS: Argentine financial services group with factoring and capital markets activities serving Argentine corporates — comparable to Fiorito's factoring-led product offering and SME/corporate client mix.
• Cohen Aliados Financieros: Argentine financial advisory and brokerage firm offering personalized investment solutions across fixed income, equities, and capital markets to individuals and corporations — closely analogous to Fiorito's advisory-led capital markets business.
• Tavelli y Cía: Long-standing Argentine broker-dealer offering securities trading and advisory services with BYMA membership — a direct peer in capital markets intermediation similar to Fiorito Factoring S.A.'s ALYC operations.
• Balanz Capital: Argentine broker-dealer and asset manager with BYMA/MAV memberships, serving individual and institutional investors across fixed income, equities, and capital markets — directly comparable to Fiorito's capital markets and investment products.
• Puente Hermanos: Argentine investment bank and broker-dealer (Puente Group) operating across capital markets, asset management, and corporate advisory with BYMA/MAV access — directly comparable to Fiorito's ALYC and capital markets operations.
• Bapro Bursátil: Brokerage arm of Banco Provincia operating in Argentine capital markets with full BYMA/MAV membership — comparable to Fiorito's ALYC and securities brokerage business, though embedded within a larger bank.

Broad incumbents

• Itaú Argentina: Argentine subsidiary of Itaú Unibanco providing factoring, leasing, and securities services — competes with Fiorito in the same SME and corporate segments but at substantially larger scale as part of a regional banking group.
• Banco Comafi: Argentine commercial bank offering factoring, leasing, and capital markets services through multiple subsidiaries — overlaps with Fiorito's full product stack but operates as a broader, bank-anchored financial institution.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights1 record

Customer concentration

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries2 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 Fiorito Factoring