FactorEvo
FactorEvo provides an AI-powered operating system for transportation factoring, enabling specialty finance firms to score, underwrite, and fund freight transactions in real time while detecting fraud and managing multi-layer capital execution.
- Company typePrivate
- Founded2002
- HeadquartersWinter Garden, United States
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What FactorEvo does
FactorEvo is a privately held fintech software company that provides an AI-powered operating system for transportation factoring operations. The platform ingests freight documents (bills of lading, rate confirmations, proofs of delivery) on arrival, interrogates metadata and behavioral signals, scores transaction risk in real time, and either executes funding automatically or routes exceptions to manual review. FactorEvo manages the full lifecycle from document arrival to wire issuance, including senior, junior, and mezzanine capital execution from a single decision path, with stated reduction of end-to-end funding time from approximately 8 hours to 15-20 minutes.
The company's product family consists of three sister platforms within the FactorFox ecosystem: FactorFox (core cloud factoring software for ABL, PO funders, general factors, and startup lenders), FactorEvo (the transportation factoring OS with real-time scoring and fraud detection), and Trucker Copilot (a driver-facing iOS/Android mobile app). The platform integrates with QuickBooks, Xero, Creditsafe, AtoB, Farelanes, Decipher, and Loadboard Network. FactorEvo reports 100+ specialty finance firms migrated or committed, 750k trucking companies in the network, and $9.4B in annual invoice flow.
The company operates a subscription SaaS revenue model with enterprise-focused, demo-driven direct sales and quote-based pricing. FactorEvo is independently held, headquartered in Winter Garden, Florida, with 1-10 employees. The company traces its origins to FactorFox, launched in 2002 as the first cloud-based factoring software; founder Roberto Vasquez returned in 2025 to launch FactorEvo as the next-generation specialty finance network. No external funding rounds or institutional investors are disclosed.
FactorEvo firmographics
Firmographics- Name
- FactorEvo
- Legal name
- FactorEvo
- Website
- https://factorevo.com
- Company type
- Private
- Founded year
- 2002
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- FactorEvo provides an AI-powered operating system for transportation factoring, enabling specialty finance firms to score, underwrite, and fund freight transactions in real time while detecting fraud and managing multi-layer capital execution.
- Ownership category
- akta.pro rank
FactorEvo industry classification
Industry- Product category
- Transportation Factoring Software
- NAICS
- Activities Related to Credit Intermediation (5223), Credit Intermediation and Related Activities (522), Computer Systems Design and Related Services (54151)
- SIC
- Short-Term Business Credit Institutions (6153), Services-Computer Programming, Data Processing, Etc. (7370)
- akta.pro primary industry
- Credit Decisioning Engines (Rules, Scorecards, ML) (FSAGAHAB)
- akta.pro secondary industries
- Invoice Financing & Factoring (FSAKAGAC), Pricing, Risk-Based Offer & Limit Management (FSAGAHAE)
Keywords
Where FactorEvo is headquartered
LocationHeadquarters
- HQ city
- Winter Garden
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
FactorEvo business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure
Revenue model
- SaaS Platform Subscription: Platform subscription for transportation factoring operations, providing real-time scoring, fraud detection, and capital execution capabilities. Delivered as cloud-based OS with automated underwriting and funding workflow integration.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels2 records
FactorEvo product offering
Product offeringCore offering
FactorEvo provides an AI-powered, cloud-based operating system for transportation factoring operations. On document arrival, the platform reads load files (Bill of Lading, Rate Confirmation, Proof of Delivery), interrogates metadata to detect fraud (synthetic carriers, IP overlap, file reuse, template injection), validates carrier MC history, scores credit and exposure risk in real time, and either clears the load for funding or holds it for review. The same workflow executes multi-layer capital (senior, junior, mezzanine) and fires the wire automatically, reducing end-to-end funding from 8 hours to 15-20 minutes. The offering is sold as a SaaS subscription to specialty finance firms, factors, ABL lenders, PO funders, and startup lenders, with a companion driver-facing mobile app (Trucker Copilot) on iOS and Android.
Product overview
FactorEvo operates as a unified operating system for transportation factoring, consisting of the core FactorEvo platform plus two sister platforms within the FactorFox product family. FactorEvo serves as the transportation factoring OS providing real-time scoring, fraud detection, and capital execution. FactorFox is the original cloud factoring software for general factors, ABL lenders, and PO funders. Trucker Copilot is the driver-facing mobile companion enabling document upload and live credit checks from the cab. The three platforms share signals and operate as one network for freight finance.
Differentiator
Problem solved
Functional benefit
Brands
- FactorFox: Core platform - The original cloud factoring software for ABL, PO funders, general factors, and startup lenders.
- FactorEvo
- Trucker Copilot
Products and services
- FactorEvo Cloud-based operating system for transportation factoring that provides real-time transaction scoring, automated fraud detection (synthetic carriers, IP overlap, file reuse, template injection), document metadata interrogation, and multi-layer capital execution (senior, junior, mezzanine) from a single decision path. Designed for specialty finance firms, ABL lenders, PO funders, general factors, and startup lenders; processes loads from document arrival to wire in 15-20 minutes.
- FactorFox The original cloud-based factoring software platform serving ABL lenders, PO funders, general factors, and startup lenders. Sister platform to FactorEvo within the FactorFox family, sharing signals and operating as one network for freight finance.
- Trucker Copilot Driver-facing mobile application (iOS and Android) that enables trucking drivers to upload Bills of Lading, Rate Confirmations, and Proof of Delivery from the cab. Fraud signals fire from the moment a document is captured, with live credit checks, push status updates, and email forwarding. Companion to the FactorEvo scoring platform.
Quantifiable outcome
- End-to-end funding reduced from 8 hours to 15-20 minutes
- +3 more outcomes
Companies that use FactorEvo
Customer profileNamed customers3 records
Segments2 records
Ideal customer profiles2 records
FactorEvo technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration7 records
AI capability7 records
Feature5 records
FactorEvo partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core.
- QuickBookscoreIntegration with QuickBooks accounting software for financial data synchronization and ledger updates when funding decisions are executed.
- XerocoreIntegration with Xero accounting platform for financial data synchronization and ledger updates when funding decisions are executed.
- CreditsafecoreIntegration for credit data and business credit reporting to support real-time credit scoring and compliance checks during load evaluation.
- AtoBcoreIntegration with AtoB fleet card platform for transportation and logistics data synchronization.
- FarelanescoreIntegration with Farelanes for freight and transportation data exchange.
- DeciphercoreIntegration with Decipher for additional freight finance data and analytics capabilities.
- Loadboard NetworkcoreIntegration with Loadboard Network for load data and carrier matching information.
Scale indicators5 records
Recent moves6 records
Expansion highlights5 records
FactorEvo competitors and assessment
Company assessmentDirect peers
- FactorFox (legacy sister platform): The predecessor FactorFox platform (ABL, PO funders, general factors) now sits inside the FactorEvo umbrella as a sister product and is the most direct internal peer across product surface and customer segment.
- RTS International (RTS Factoring Software): Long-standing provider of cloud-based factoring software for transportation and general factors. Most directly comparable to FactorFox/FactorEvo in target buyer, deployment model, and factoring workflow coverage.
- TAFS (Truckers Accounting & Factoring Service): Factoring software and back-office services purpose-built for trucking factors. Competes for the same transportation factoring customer base that FactorEvo targets with its real-time scoring OS.
- Oxxford (Funding Circle / factoring suites): Provider of factoring and ABL software platforms serving factors and lenders, overlapping with FactorEvo's underwriting-and-funding workflow and factoring customer base.
Emerging players
- Fundbox: Invoice and working-capital financing platform using data-driven underwriting for SMBs. Comparable in its use of AI-driven credit decisioning on receivables, though oriented to broader SMBs rather than trucking carriers.
Broad incumbents
- Truckstop.com: Major load board and freight network operator with deep carrier and load data, analogous to FactorEvo's Loadboard Network integration but at much larger scale and broader portfolio scope.
- DAT Freight & Analytics: Dominant freight data and load-board incumbent with broad transportation industry data assets; comparable as ecosystem infrastructure that factors rely on, and a potential broader incumbent if it expands into decisioning.
- Lendio: SMB lending marketplace and credit decisioning platform serving small businesses across multiple credit products; broadly comparable as a digital lending workflow and underwriting platform, though not factoring-specific.
- BlueVine: Digital banking and invoice factoring platform for SMBs. Comparable as a tech-forward invoice financing platform, but operating at much larger scale across general SMB rather than transportation factoring.
- Jack Henry (ProfitStars / lending suite): Large financial technology incumbent providing lending, credit decisioning, and risk modules to banks and specialty lenders. Comparable as a credit-decisioning and lending-software incumbent that could bundle competing capabilities.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
FactorEvo social profiles
Digital presenceFactorEvo financial estimates
Financial estimateRevenue estimate
Valuation estimate
FactorEvo leadership team
Management profileNumber of profiles
Profiles1 record
FactorEvo funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
FactorEvo 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 FactorEvo
What does FactorEvo do?
FactorEvo provides an AI-powered, cloud-based operating system for transportation factoring operations. On document arrival, the platform reads load files (Bill of Lading, Rate Confirmation, Proof of Delivery), interrogates metadata to detect fraud (synthetic carriers, IP overlap, file reuse, template injection), validates carrier MC history, scores credit and exposure risk in real time, and either clears the load for funding or holds it for review. The same workflow executes multi-layer capital (senior, junior, mezzanine) and fires the wire automatically, reducing end-to-end funding from 8 hours to 15-20 minutes. The offering is sold as a SaaS subscription to specialty finance firms, factors, ABL lenders, PO funders, and startup lenders, with a companion driver-facing mobile app (Trucker Copilot) on iOS and Android.
Is FactorEvo a public or private company?
FactorEvo is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was FactorEvo founded?
FactorEvo was founded in 2002. It employs 1 to 10 people.
Where is FactorEvo based?
FactorEvo is headquartered in Winter Garden, United States, in the North America region.
How does FactorEvo make money?
One revenue line is on record: saaS Platform Subscription.
Who are FactorEvo's main competitors?
Direct peers on record are FactorFox (legacy sister platform), RTS International (RTS Factoring Software), TAFS (Truckers Accounting & Factoring Service) and Oxxford (Funding Circle / factoring suites). Fundbox is listed as an emerging player. Broad incumbents are Truckstop.com, DAT Freight & Analytics, Lendio, BlueVine and Jack Henry (ProfitStars / lending suite).
Does FactorEvo have an API?
No public API is recorded for FactorEvo.
What industry is FactorEvo in?
FactorEvo's product category is Transportation Factoring Software. Its primary akta.pro industry code is FSAGAHAB, Credit Decisioning Engines (Rules, Scorecards, ML), with a secondary code of FSAKAGAC, Invoice Financing & Factoring. Its NAICS code is 5223 and its SIC code is 6153.