What Factor Plus does

Factor Plus (legal name Servicios Financieros Factor Plus S.A.) is a Chilean non-bank financial services company founded in June 2011 that specializes in factoring, leaseback, and working-capital financing for small and medium-sized enterprises (PyMEs). The company purchases accounts receivable — invoices, checks, and letters of credit — at a discount, converting short-term receivables into immediate cash for clients that face slow-paying debtors and limited access to traditional bank credit. It is headquartered in Providencia, Santiago, operates with 11-50 employees, and has served over 1,300 clients while processing more than 100,000 documents and providing cumulative financing exceeding 398,000 million Chilean pesos over its 10-year history.

The company's core technology is a digital platform with direct, automated integrations into Chile's Servicio de Impuestos Internos (SII), Tesorería General de la República (TGR), and Comisión para el Mercado Financiero (CMF), enabling retrieval of invoice, tax, and debt data for credit evaluation without manual document handling. Factor Plus distributes through two wholly-owned digital sub-brands — Vendetufactura.cl for online self-service invoice financing and Cobrofactor.cl for professional collections management — alongside a secure authenticated client portal (admin-factor). The digital funnel is complemented by an inside-sales advisory team led by a Gerente de Negocios, providing hands-on support from client onboarding through credit-line approval and fund disbursement.

Factor Plus generates revenue primarily through transaction fees — the discount spread earned when purchasing receivables — with pricing determined per client rather than via published tiers. The ownership structure is concentrated among four entities associated with the Pedrero family and related parties, with no disclosed private equity, venture capital, or external institutional investment. Leadership combines deep LatAm banking pedigree, including former presidents of Banco Solidario, Banco Unibanco Ecuador, and the Chilean Factoring Association (EFA), giving Factor Plus an experienced management bench that is unusual for a company of its size.

Name

Factor Plus

Legal name

Servicios Financieros Factor Plus S.A.

Website

https://www.factorplus.cl

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

11–50 employees

Short description

Factor Plus is a Chilean digital factoring company founded in 2011 that purchases invoices, checks, and letters of credit from small and medium-sized enterprises to provide working-capital financing and collections services via an online platform integrated with Chile's tax authority.

Ownership category

akta.pro rank

Product category

Factoring & Receivables Financing

NAICS

Credit Intermediation and Related Activities (522)

SIC

Short-Term Business Credit Institutions (6153)

akta.pro primary industry

Invoice Financing, Factoring & Receivables Management (FSAGAJAB)

akta.pro secondary industries

Receivables Finance (Factoring, Invoice Discounting, Forfaiting) (FSABAHAD), Invoice Financing & Factoring (FSAKAGAC)

Keywords

• Invoice factoring services
• Accounts receivable financing
• SME working capital
• Leaseback financing
• Debt collection services

Headquarters

HQ city

Providencia

HQ country

Chile

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

Revenue model

1. Factoring / Factura Purchase: Factor Plus purchases accounts receivable (invoices, checks, letters of credit) from SMEs, providing immediate liquidity. Revenue is generated through fees/discounts applied when purchasing these documents at a discount, converting short-term receivables into immediate cash for the client.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Factor Plus provides financial services to Chilean small and medium enterprises (SMEs/PyMEs), primarily purchasing accounts receivable (invoices, checks, letters of credit) at a discount to deliver immediate liquidity. The company also offers leaseback asset financing, working capital solutions, and professional invoice collection services through its digital sub-brands Vendetufactura.cl and Cobrofactor.cl.

Product overview

Factor Plus operates as a unified financial services platform offering multiple financing products centered around factoring and working capital solutions. The core offering consists of traditional factoring (compra de documentos) which includes invoice (facturas), check (cheques), and letter (letras) purchases, complemented by Fact-Check for document verification, leaseback, and capital de trabajo products. The company also maintains two sub-branded digital platforms: Vendetufactura.cl for online invoice financing and Cobrofactor.cl for professional collection services. Together, these products provide a comprehensive suite covering document purchase, collection management, and alternative financing for SMEs.

Differentiator

Problem solved

Functional benefit

Brands

• Vendetufactura.cl: Online factoring platform that allows SMEs to finance their invoices quickly and easily.
• Cobrofactor.cl

Products and services

• Factoring Tradicional Traditional factoring service involving the purchase of accounts receivable (invoices, letters, checks) to provide immediate liquidity to businesses by converting short-term credit sales into immediate cash.
• Leaseback Asset-backed financing product allowing businesses to sell assets and lease them back, providing working capital while maintaining operational use of equipment.
• Capital de Trabajo Working capital financing designed to meet immediate operational needs of small and medium-sized enterprises.
• Vendetufactura.cl Digital online platform enabling SMEs to access invoice financing quickly and easily, allowing businesses to sell their invoices for immediate payment.
• Cobrofactor.cl Collection management service operated by a team with over 20 years of market experience, handling invoice collections on behalf of clients.

Quantifiable outcome

• Over 100,000 documents processed and +398,000 MM CLP in SME financing delivered over 10 years.

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature2 records

Partnerships

One partnership is on record.

• Empresas de Factoring A.G. (EFA)coreOthers · 1 January 2013Factor Plus joined the Chilean Factoring Association (EFA) in 2013. In the period 2016–2017, the company's General Manager and shareholder, Adolfo Pedrero, served as President of this association, demonstrating leadership and influence in the industry body.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Tanner Servicios Financieros: Tanner is one of Chile's largest non-bank financial services companies, with factoring as a core product line serving SMEs and corporates. It is the most directly comparable listed Chilean factoring competitor to Factor Plus, competing for the same client base and product category.
• Orsan Factoring: Orsan is a Chilean factoring company focused on invoice purchase and short-term SME financing. It directly competes with Factor Plus in the domestic factoring market with overlapping products and customer segments.
• BlueVine: BlueVine is a US-based fintech offering invoice factoring, lines of credit, and working capital to SMEs via a digital platform. It is highly comparable to Factor Plus in product mix (factoring-led) and digital onboarding model, representing the global benchmark for online SME factoring.
• Fundbox: Fundbox is a US B2B fintech providing working capital and invoice-based financing to SMEs through a digital application and underwriting flow. It mirrors Factor Plus' positioning as a digital-first alternative to traditional factoring for small businesses.
• Taulia: Taulia is a global supply chain finance and dynamic discounting platform serving mid-market and enterprise buyers/suppliers. It is comparable as a technology-enabled invoice financing platform, though it targets larger enterprises and operates in the B2B working capital category that includes factoring.

Broad incumbents

• BancoEstado Microempresas: BancoEstado is Chile's state-owned commercial bank with a dedicated microenterprise/SME division offering factoring and working capital. It competes with Factor Plus for Chilean SME financing but operates as a full-service depository institution with a much larger product suite.

Emerging players

• a2censo: a2censo is a Chilean crowdfunding-based SME financing platform regulated by the CMF, offering invoice discounting and working capital to PyMEs. It competes with Factor Plus via a more digital, marketplace-based model and represents the fintech disruptor trajectory in this segment.

Regional players

• Konfío: Konfío is a Mexico-based digital lending platform serving SMEs with working capital and factoring-like products. It is comparable as a LatAm B2B fintech targeting underserved SMBs with a data-driven underwriting approach, though operating in a different geography.
• Stori: Stori is a Mexican fintech serving underbanked consumers and small businesses with credit products. While primarily a credit card issuer, it shares the LatAm B2B/B2C fintech DNA and SME-segment focus relevant to Factor Plus' expansion thesis.
• Cobranzas Online (BPC Group): BPC Group operates Cobranzas Online and related financial services in Chile, including collections and receivables management. It is comparable to Factor Plus' Cobrofactor.cl sub-brand as a Chilean collections/AR management provider with overlapping SME client base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/Factor-Plus-100063289560234
• LinkedInlinkedin.com/company/factor-plus-sa
• Instagraminstagram.com/factorplus_cl

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 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 Factor Plus