What FactorGenie does

FactorGenie is a US-based, privately held software company (FactorGenie, LLC, Florida-domiciled) founded in 2023 that provides AI-powered automation for the freight factoring industry. Its platform targets freight factoring companies with autonomous load auditing, Rate Con and BOL matching, fraud detection, debtor verification, collections, cash application, and credit grading. The company's stated product proposition centers on "touchless funding," where clean loads are audited, verified with debtors, and cleared for funding without human intervention through AI agents operating across email, debtor web portals, and optional voice.

The platform's core technology stack comprises autonomous AI agents for verification and collections, anomaly and fraud detection routines, computer vision for Bill of Lading (BOL) and Proof of Delivery (POD) document processing, and optimization routines for lane rate and credit risk analysis. The system is designed as a complementary layer that integrates with existing Factoring Management Systems (FMS) such as FactorSoft, FactorCloud, FactorView, NN6, Xen, and Codix, alongside TMS, fuel card, and payment integrations — positioning it as an augmentation to, rather than a replacement for, legacy factoring infrastructure.

FactorGenie's revenue model combines a freemium tier (free up to 2,500 loads per month including collections, cash application, credit reports, and a white-label carrier mobile app) with usage-based pricing on its AI Audit & Verification module priced per load with no platform or per-seat fees, plus an optional AI phone agent add-on at $0.08 per minute. GTM motion is hybrid: product-led growth via self-serve free signup paired with a sales-assisted enterprise motion for larger factors and volume pricing. The company targets a single vertical (US freight factoring companies), had 1–10 employees as of the source data, and has disclosed no funding rounds, revenue, or institutional ownership.

Name

FactorGenie

Legal name

FactorGenie, LLC

Website

https://factorgenie.com

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

1–10 employees

Short description

FactorGenie provides AI-powered automation software for US freight factoring companies, enabling touchless load funding through autonomous verification, fraud detection, collections, and cash application. The platform augments existing Factoring Management Systems via freemium and per-load usage pricing.

Ownership category

akta.pro rank

Product category

Freight Factoring Software

NAICS

Activities Related to Credit Intermediation (5223)

SIC

Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Invoice Financing & Factoring (FSAKAGAC)

akta.pro secondary industries

Credit Decisioning Engines (Rules, Scorecards, ML) (FSAGAHAB), Digital Process Automation (DPA) & Orchestration Suites (HDAEAHAF)

Keywords

• Freight factoring software
• Load auditing automation
• Invoice collections software
• Freight credit reports
• Carrier mobile app

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. AI Audit & Verification - Per Load: Priced per load audited and verified. No platform fee, no per-seat fees. The core revenue driver for the company.
2. AI Phone Agents - Per Minute: Optional add-on for AI phone verification and collection agents, priced at $0.08 per minute. Available with Audit & Verification plan or as add-on to Free plan.
3. Free Platform Tier: Core platform features (collections, cash application, credit, carrier app) free up to 2,500 loads/month. Revenue comes from upselling Audit & Verification on higher volumes.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

FactorGenie provides AI-powered automation software for freight factoring companies, handling load auditing, document verification, debtor verification, fraud detection, automated collections, and cash application. The platform integrates alongside existing Factoring Management Systems (FMS) such as FactorSoft, FactorCloud, and FactorView rather than replacing them, enabling touchless funding of clean loads and automated back-office workflows.

Product overview

FactorGenie is an AI-powered platform for freight factoring automation comprising the core FactorGenie AI platform and multiple integrated modules. The Free Plan provides the foundational platform with automated collections, cash application, FactorGenie Credit (freight broker credit reports), and the White-Label Carrier Mobile App at no cost up to 2,500 loads/month. The AI Audit & Verification add-on enables touchless funding through AI load auditing, automated debtor verification, fraud detection, and Rate Con/BOL matching. AI Collection and Verification Agents (email, debtor portal, and optional phone) automate outreach workflows. All modules integrate alongside existing Factoring Management Systems (FactorSoft, FactorCloud, FactorView) without replacing them.

Differentiator

Problem solved

Functional benefit

Products and services

• FactorGenie AI The core automated load auditing, verification, invoice, and collection platform for freight factoring companies, providing AI-powered tools for touchless funding, fraud detection, debtor verification, and collections automation.
• AI Audit & Verification Paid add-on enabling touchless funding on every load. Includes AI load auditing, automated debtor verification, advanced fraud detection, Rate Con/BOL matching, lane rate analysis, and AI verification agents. Priced per load.
• White-Label Carrier Mobile App Fully branded mobile app for freight carriers provided to factoring clients. Includes simplified funding requests, real-time status updates, in-app document scanning, fuel card management, load board access, and fleet portal for back-office staff.
• Collections & Cash Application Automated collections workflows, collection monitoring and status tracking, collections manager dashboard, and automated cash application and reconciliation. Included free up to 2,500 loads/month.
• FactorGenie Credit Freight broker credit reports providing financial profiles using multiple data points. Included free up to 2,500 loads/month, eliminating separate credit report fees.
• Free Plan Core FactorGenie platform free for every freight factor up to 2,500 loads/month. Includes collections, cash application, AI collection agents, FactorGenie Credit, and white-label carrier app.

Quantifiable outcome

• Clean loads fund without human touch - touchless funding
• +1 more outcomes

Named customers3 records

Segments1 record

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration30 records

AI capability9 records

Feature12 records

Partnerships

Four partnerships are on record, tiered core.

• FactorSoftcoreTechnology or IntegrationIntegration with FactorSoft factoring management system. FactorGenie integrates with and upgrades FactorSoft - no data migration required. Every load audited, verified with debtor, and collections automated alongside FactorSoft as system of record.
• FactorCloudcoreTechnology or IntegrationNamed integration partner on FactorCloud's platform. FactorGenie audits and verifies every load before funding, works collections automatically, and posts cash while FactorCloud remains system of record.
• FactorViewcoreTechnology or IntegrationIntegration with FactorView. Already powers white-label carrier apps for factors running FactorView. FactorGenie audits and verifies every load before funding alongside FactorView.
• StripecoreTechnology or IntegrationStripe Financial Connections used for cash application and reconciliation features. Allows read-only access to financial account data for matching payments to invoices. No bank login credentials stored.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Others

• Routable: Routable is a B2B payments automation platform listed as a FactorGenie integration partner. Tangentially related via payments workflows but focused on accounts payable rather than factoring receivables.

Direct peers

• HighRadius: HighRadius provides AI-powered autonomous finance software for order-to-cash, including collections, cash application, deduction management and credit scoring. Directly comparable to FactorGenie's AI collections, cash application, and credit-grading modules, though focused on broader B2B AR rather than freight specifically.
• Tesorio: Tesorio delivers AI-driven cash flow forecasting and accounts receivable automation for B2B finance teams. Overlaps with FactorGenie's automated collections, cash application and AI agent workflows, targeting similar mid-market AR/finance operators.
• YayPay (by Quadient): YayPay, now part of Quadient, offers AI-enabled accounts receivable automation including collections, cash application and credit management. Comparable technology and use-case overlap with FactorGenie's AI collections and cash application modules.

Broad incumbents

• TriumphPay: TriumphPay is a freight payment network from Triumph Financial serving brokers, factors and carriers with settlement and factoring workflows. Broad incumbent in the freight factoring value chain where FactorGenie sells AI automation.
• OTR Capital Solutions: OTR Capital is a large freight factoring company providing working capital to trucking carriers. Directly comparable to FactorGenie's customer base with potential to build or buy similar AI automation capabilities.
• Apex Capital Corp: Apex Capital is one of the largest US freight factoring companies, purchasing trucking receivables for carriers. As a top FactorGenie buyer profile (enterprise factoring), it represents the core customer base and an internal-build competitor risk.
• Comdata (FleetCor): Comdata, owned by FleetCor, provides freight factoring, fleet cards and payments to trucking and logistics firms. Established incumbent offering bundled finance products where FactorGenie provides the AI automation layer.
• TCF Capital (Truckers Capital Finance): TCF Capital is a major freight factoring company serving carriers and owner-operators. Comparable enterprise buyer in the freight factoring vertical where FactorGenie sells per-load AI auditing.

Emerging players

• PayCargo: PayCargo is a digital freight payment platform automating payments between shippers, carriers and intermediaries. Overlaps with FactorGenie's payments/cash application and collections automation in adjacent freight workflows.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/factorgenie

Revenue estimate

Valuation estimate

Number of profiles

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 FactorGenie