Worcaps Working Capital Solutions, Llc

What Worcaps Working Capital Solutions, Llc does

Worcaps Working Capital Solutions, LLC is a privately held, OCIF-regulated financial services company headquartered in Guaynabo, Puerto Rico, that provides invoice factoring and purchase order financing to businesses experiencing cash flow gaps. The company purchases unpaid invoices from businesses at an advance rate of 80-90% of face value, collects payment directly from the business's customers within 30-90 days, and remits the balance net of fees. Its purchase order financing product pays suppliers up to 100% of the cost to fulfill customer orders, with the customer paying Worcaps directly upon delivery. A supplementary Standby Invoice Finance Facility allows pre-approved businesses to set up a no-cost reserve that activates without further paperwork when funds are needed.

The platform is built around a digital onboarding flow that includes agreement generation and electronic signatures, complemented by an online calculator that estimates factoring costs. Technology components are deliberately lightweight — there is no disclosed API, SDK, or developer portal, and no integration partners beyond referral channels. The firm is a member of the International Factoring Association and holds PRMSDC/NMSDC minority business certification since 2021, alongside Hecho en Puerto Rico and Colmena 66 affiliations. Compliance posture covers GDPR, CCPA, CPRA, LGPD, and POPI, supporting cross-border operations.

Worcaps makes money through transaction-based factoring and PO financing fees, with pricing described as "simple" but not publicly disclosed. Its go-to-market combines direct sales (phone, email, online contact form) with a network of more than 50 independent agents and brokers who introduce clients. Target customers are small, medium, and large businesses that invoice customers, with particular focus on manufacturing, service industries, trucking/transportation, staffing agencies, and construction across Puerto Rico, the United States, Mexico, the Dominican Republic, and Panama. Management comprises Managing Director Freddy Castejon, Directors Shalako Wiener and Clementina Peraza Forsythe, and Financial Operations Officer José Jamil Figueroa. The firm has no disclosed funding rounds, no M&A activity, and a headcount of 1-10.

Name

Worcaps Working Capital Solutions, Llc

Legal name

Worcaps

Website

https://worcaps.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

1–10 employees

Short description

Worcaps Working Capital Solutions is a Puerto Rico-based, OCIF-regulated invoice factoring and purchase order financing provider serving small, medium, and large businesses across Puerto Rico, the United States, Mexico, the Dominican Republic, and Panama, distributing through direct sales and a 50+ agent broker network.

Ownership category

akta.pro rank

Product category

Invoice Factoring and Working Capital Finance

NAICS

Credit Intermediation and Related Activities (522), Sales Financing (52222), Activities Related to Credit Intermediation (5223)

SIC

Short-Term Business Credit Institutions (6153)

akta.pro primary industry

Invoice Factoring & Receivables Finance Brokerage (FSAEAEAO)

akta.pro secondary industries

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

Keywords

• Invoice factoring services
• Purchase order financing
• Working capital solutions
• Cash flow financing
• Business invoice financing

Headquarters

HQ city

San Juan Capistrano

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Invoice Factoring / Factoring Fees: Worcaps purchases unpaid invoices from businesses at a discount (advancing 80-90% of invoice value upfront) and collects payment directly from the customer's debtor. Fees are charged as a discount/commission deducted when the customer pays the invoice.
2. Purchase Order Financing: Worcaps pays suppliers up to 100% of the cost to fulfill customer orders. When the customer receives goods and pays Worcaps directly, the remaining balance (minus fees) is released to the business.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

Worcaps provides invoice factoring by advancing 80-90% of outstanding invoice value upfront and collecting payment from the debtor, along with purchase order financing that pays suppliers up to 100% of costs to fulfill customer orders. The company also offers a standby invoice finance facility that businesses can pre-approve for rapid activation during cash flow setbacks, with digital onboarding and 24-hour funding turnaround.

Product overview

Worcaps Working Capital Solutions provides a suite of working capital and cash flow financing products. The core offerings consist of Invoice Financing/Factoring (advancing 80-90% of outstanding invoices with credit control services) and Purchase Order Financing (providing up to 100% of supplier costs to fulfill customer orders). An ancillary standby facility allows pre-approved businesses to access funds quickly when needed without ongoing costs. The platform features digital onboarding, funds release within 24 hours of approval, and simple transparent pricing.

Differentiator

Problem solved

Functional benefit

Products and services

• Invoice Financing / Factoring Worcaps purchases unpaid invoices from businesses at a discount, advancing 80-90% of the invoice value upfront. The business invoices its customers as usual and Worcaps handles credit control and collects payment directly from the debtor within 30-90 days; the remaining balance (minus fees) is released to the business once the customer pays.
• Purchase Order Financing Short-term financing that provides capital to fulfill customer orders; Worcaps pays suppliers up to 100% of the cost of producing and delivering goods, and the customer pays Worcaps directly when the goods are received. The remaining balance (minus fees) is then released to the business.
• Standby Invoice Finance Facility A pre-approved, standby financing facility that businesses can set up in advance. It is free to establish and clients only pay fees when they access the funds, enabling rapid access to cash during unexpected cash flow setbacks without additional paperwork.

Quantifiable outcome

• Funds released within 24 hours of approval
• +2 more outcomes

Segments6 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

Partnerships

Five partnerships are on record, tiered minor and core.

• PRMSDC (Puerto Rico Minority Supplier Development Council) / NMSDCminorOthers · 1 January 2021NMSDC certification recognizing minority business enterprises. Worcaps holds the PRMSDC/NMSDC Certified status as of 2021, indicating commitment to diversity and inclusion in business practices.
• Hecho en Puerto RicominorOthersAffiliation with the 'Hecho en Puerto Rico' (Made in Puerto Rico) certification program, indicating local origin and support for Puerto Rican businesses.
• OCIF (Office of the Commissioner of Financial Institutions)coreOthersRegulatory oversight body in Puerto Rico. Worcaps is authorized and regulated by OCIF, which is critical for their legitimacy as a financial services provider. Registration number: 371491.
• Colmena 66minorOthersAffiliation with Colmena 66, a Puerto Rican business network or certification program.
• International Factoring Association (IFA)minorOthersAffiliation with the International Factoring Association (factoring.org), a professional organization for the factoring industry providing industry standards and best practices.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Stratford Capital Group: Factoring and working capital provider serving SMBs. Comparable in core product offering (invoice factoring) and customer profile (small and mid-sized businesses with receivables financing needs).
• Triumph Business Capital: Factoring and working capital solutions provider focused on transportation and staffing verticals. Comparable to Worcaps in factoring mechanics and SMB/transportation customer overlap.
• Fundbox: Digital working capital and short-term credit platform for SMBs. Comparable in transaction-based revenue model and digital onboarding, though Fundbox focuses more on revolving lines than traditional factoring.
• Riviera Finance: Established factoring and PO financing provider serving SMBs across North America. Directly comparable to Worcaps in core products (invoice factoring and purchase order financing) and target customer (businesses with cash flow gaps), though at much larger scale.
• TCI Business Capital: Provider of factoring, PO financing, and asset-based lending to SMBs across multiple industries. Directly comparable in product mix, particularly the PO financing component which mirrors Worcaps' core offering.
• eCapital: Factoring and purchase order financing platform serving SMBs and mid-market companies globally. Directly comparable in offering both factoring and PO financing, with similar transaction-based revenue model and SMB focus.
• BlueVine: Digital-first invoice factoring and working capital platform for SMBs. Directly comparable in product offering (invoice factoring) and digital onboarding approach, though BlueVine operates at greater scale and primarily in the US market.
• AltLine (The Huntington National Bank): Invoice factoring program embedded in a traditional bank, serving SMBs across the US. Comparable in factoring product and SMB focus, with much deeper capital base.

Emerging players

• Resolve: B2B working capital and invoice financing platform for SMBs, often positioned for e-commerce and logistics verticals. Comparable in transaction-based revenue model and SMB focus on cash flow solutions.

Broad incumbents

• Bibby Financial Services: Large international factoring and PO financing provider with presence across multiple continents. Comparable in product offering and SMB focus; broader geographic reach makes it a large incumbent competing for similar client profiles.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/worcaps
• LinkedInlinkedin.com/company/worcaps
• Instagraminstagram.com/worcaps

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 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 Worcaps Working Capital Solutions, Llc