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Factoring Market to Grow by USD 2.2 Trillion (2024-2028) Driven by MSMEs’ Need for Alternative Financing, AI’s Role in Market Trends – Technavio Report

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NEW YORK, Aug. 23, 2024 /PRNewswire/ — The global factoring market size is estimated to grow by USD 2.19 trillion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 8.8% during the forecast period. Growing need for alternative sources of financing for msmes is driving market growth, with a trend towards advent of blockchain in factoring services. However, fluctuations in global economic conditions poses a challenge. Key market players include ABS Global Factoring AG, American Receivable, Bluevine Inc., CapitalPlus Construction Services, CG24 Group AG, Charter Capital Holdings LP, Deutsche Leasing AG, eCapital Corp., Factor Funding Co., HSBC Holdings Plc, Mizuho Financial Group Inc., New Century Financial Inc., Pincap., PMFBancorp, Riviera Finance of Texas Inc., Societe Generale SA, The Southern Banc Co. Inc., Triumph Business Capital, Universal Funding Corp., and Worldline SA.

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Factoring Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 8.8%

Market growth 2024-2028

USD 2196.4 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

7.49

Regional analysis

Europe, APAC, South America, North America, and Middle East and Africa

Performing market contribution

Europe at 57%

Key countries

UK, China, France, Germany, and US

Key companies profiled

ABS Global Factoring AG, American Receivable, Bluevine Inc., CapitalPlus Construction Services, CG24 Group AG, Charter Capital Holdings LP, Deutsche Leasing AG, eCapital Corp., Factor Funding Co., HSBC Holdings Plc, Mizuho Financial Group Inc., New Century Financial Inc., Pincap., PMFBancorp, Riviera Finance of Texas Inc., Societe Generale SA, The Southern Banc Co. Inc., Triumph Business Capital, Universal Funding Corp., and Worldline SA

 

Market Driver

The blockchain technology underpinning Bitcoin is revolutionizing various industries, including factoring. This technology’s potential to transform exchanges, such as the stock market and patent awarding, is evident with NASDAQ’s implementation. The global blockchain technology market’s growth in the BFSI sector is driven by increasing investments from governments like the UK, Canada, Russia, and China. In the future, blockchain will significantly impact trade finance, with developed nations testing its affordability. Compliance with anti-money laundering and KYC regulations will be challenges, but continuous innovation will reduce setup costs and positively affect the global factoring market. This technology will digitize the process, offer better recording technology for trade transactions, and provide easy access to information about factors, buyers, and sellers, reducing risks for all stakeholders. 

The factoring market is experiencing significant trends in the international fintech sector, with licensed e-money institutions and payment service providers offering automated solutions for businesses. Banks and third-party insurers collaborate to provide secure factoring services, utilizing data-driven decision-making and invoice factoring. Companies like FundBox and Unicsoft offer innovative solutions using blockchain technology, ensuring secure transaction processes and credit risk mitigation. Businesses can benefit from growth opportunities in domestic, international, cross-border, export factoring, and open account terms. Information technology plays a crucial role, with smart contracts on Ethereum, NEO, Hyperledger, and R3CORDA streamlining the factoring process. Loans are provided in a secure manner, supporting businesses’ financial needs and improving liquidity. Exporters and importers can mitigate bankruptcy risks and increase sales volume with factoring services. Financial frauds are minimized using centralized and encrypted approaches. Crypto-solutions are also emerging as a new trend in the factoring market. 

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Market Challenges

Economic uncertainty poses significant challenges to the global factoring market. Fluctuations in economic conditions, such as recessions or currency devaluations, increase the risk of client defaults. This volatility makes it difficult for factoring companies to accurately assess creditworthiness and manage risks, threatening the predictability of cash flows and the reliability of collateral. Moreover, economic uncertainty complicates revenue and profitability forecasting, leading to hesitancy among investors and lenders. Factoring firms must adapt to market conditions, navigate risks, and maintain liquidity. Robust risk mitigation measures are essential to address the complexities of decision-making and external shocks, ensuring the resilience and growth of the global factoring market.The Factoring Market encompasses various industries like laboratory services, ambulatory services, health centers & hospitals, home health agencies, rehabilitation centers, and more. Sellers, mainly small and medium-sized enterprises (SMEs), face challenges in managing their accounts receivables, especially when dealing with unpaid bills from buyers in the healthcare sector. Factors offer flexible financing alternatives by purchasing invoices at a discounted rate, providing sellers with immediate funds. However, factors charge discount rates, interest, and commission fees. Financial service providers, including banks, play a crucial role in the factoring market. They facilitate the transfer of funds between the seller and the factor. The globalization of commerce and economic swings pose challenges, necessitating regulatory changes and industry trends. Fintech solutions, such as digital money transfer and payments, have increased adoption rates, improving budgeting, financial planning, borrowing, saving, investment, and insurance for small business owners. Despite these benefits, factors must navigate economic swings, regulatory changes, and industry trends to maintain liquidity and operational activity.

For more insights on driver and challenges – Request a sample report!

Segment Overview

This factoring market report extensively covers market segmentation by

Type 1.1 Domestic1.2 InternationalApplication 2.1 SMEs2.2 Large enterpriseGeography 3.1 Europe3.2 APAC3.3 South America3.4 North America3.5 Middle East and Africa

1.1 Domestic- In the realm of business finance, domestic factoring refers to a transaction where all parties involved – the factor, buyer, and seller – are based in the same country. This arrangement offers several advantages, particularly for small and medium-sized enterprises (SMEs) that may struggle to secure traditional bank loans due to insufficient credit histories or collateral. Domestic factoring provides these businesses with a viable alternative to maintain cash flow and foster growth. Additionally, the surge in e-commerce and online businesses has heightened the need for quick financing solutions. Domestic factoring caters to this demand by offering short-term working capital against accounts receivables, enabling sellers to access cash for domestic sales. This financing method is popular in regions such as APAC, Africa, and South America, where the number of domestic businesses is on the rise. Consequently, the domestic segment of the global factoring market is anticipated to expand at a faster rate during the forecast period.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The Factoring Market is experiencing significant growth due to the increasing adoption of advanced technologies like Machine Learning (ML) and Artificial Intelligence (AI) in financial institutions’ accounts receivable processes. Traditional methods like cheques are being replaced by electronic alternatives, leading to automation and increased efficiency. On-premise deployment is giving way to cloud-based models and digital documentation, enabling real-time access to information. AI-based models are revolutionizing the factoring industry by providing accurate credit risk assessments and improving customer experience. The market is expanding beyond traditional industries to include sectors like international trade, medical insurance claims, laboratory services, ambulatory services, home health agencies, nurse staffing agencies, rehabilitation centers, financial services, debt, capital, and potential investors. Trade finance and supply chain finance are also benefiting from factoring solutions. Cryptocurrency is a new frontier in the factoring market, offering faster and more secure transactions. Overall, the factoring market is evolving to meet the changing needs of businesses and financial institutions, offering innovative solutions for debt financing and capital raising.

Market Research Overview

The Factoring Market is a dynamic and evolving sector that leverages Machine Learning (ML) and Artificial Intelligence (AI) to streamline financial transactions for businesses and financial institutions. Accounts receivable processes are being revolutionized through the use of cheques and electronic alternatives, with automation and digital documentation becoming increasingly popular. Cloud-based models and AI-based models are transforming the industry, enabling real-time processing and reducing operational activity. Cryptocurrency and international trade are also driving growth in the market, particularly in the bank segment. Factoring benefits include improved liquidity, faster payment processing, and risk management. The market is being shaped by economic swings, regulatory changes, and industry trends, with fintech solutions like FundBox and Accounting software offering flexible financing alternatives for small businesses. Financial service providers, including banks, are partnering with third-party insurers and payment service providers to offer automated solutions. The adoption rate of financial technology is increasing, enabling data-driven decision making, loans, budgeting, financial planning, borrowing, saving, and investment. Blockchain technology is also being explored for secure and transparent invoice factoring transactions. Despite the growth opportunities, the market faces challenges such as financial frauds and the need for secure data handling. The future of factoring lies in innovative solutions that leverage technology to provide efficient, cost-effective, and secure financing options for businesses.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeDomesticInternationalApplicationSMEsLarge EnterpriseGeographyEuropeAPACSouth AmericaNorth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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NIX United Achieves AWS AI Competency After Rigorous Audit

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AI-enabled software development company NIX United has officially achieved the AWS AI Competency designation from Amazon Web Services (AWS). The recognition validates NIX’s proven expertise in architecting, securing, and deploying enterprise-grade artificial intelligence and machine learning solutions on AWS.

TAMPA, Fla., July 23, 2026 /PRNewswire-PRWeb/ — For enterprise organizations, the designation provides independent validation of NIX’s end-to-end AI capabilities across solution architecture, data security, governance, and operational excellence. It is based on successful production deployments, including a generative AI customer feedback analytics platform and an AI-powered medical education solution. The competency also provides eligible customers with access to AWS-validated frameworks, specialized technical resources, and AWS GenAI Innovation Funding programs.

“AI must be engineered for long-term production value,” said Artur Bakulin, Head of RnD and Innovation at NIX United. “Earning the AWS AI Competency reflects our commitment to building AI architectures grounded in verifiable return on investment.”

Moving Beyond AI Demos to Production Value

While AI adoption accelerates, organizations face a critical barrier: transitioning from impressive proofs of concept to production-grade applications. Building AI for the modern enterprise requires solving complex challenges around regulatory compliance and seamless system integration.

To earn the AWS AI Competency, NIX completed a comprehensive technical audit demonstrating its ability to deliver scalable AI solutions. The evaluation covered engineering practices, security controls, governance frameworks, and operational excellence, while highlighting NIX’s experience applying generative AI to complex business workflows.

Strategic Benefits for Enterprise Clients

“AI must be engineered for long-term production value,” said Artur Bakulin, Head of RnD and Innovation at NIX United. “Earning the AWS AI Competency reflects our commitment to building AI architectures grounded in verifiable return on investment.”

For NIX clients, this designation provides:

Reduced project risk through AWS-validated architectures that support data privacy, security, and regulatory compliance.Faster project execution with access to eligible AWS funding programs, including subsidized AI assessments, Proofs of Concept (PoCs), and AWS GenAI Innovation Funding.Long-term scalability with solutions engineered to move seamlessly from pilot projects to business-critical production environments.

Organizations exploring generative AI initiatives can work with NIX experts to evaluate their eligibility for the AWS GenAI Innovation Funding Program and identify opportunities to accelerate adoption.

Frequently Asked Questions

Q: What specific competency did NIX United achieve?

A: NIX achieved the AWS AI Competency, a formal designation by Amazon Web Services verifying a partner’s technical proficiency and robust customer success in delivering generative AI solutions.

Q: What criteria did AWS use to evaluate NIX United?

A: AWS conducted a comprehensive technical audit covering NIX’s solution architecture, security controls, governance frameworks, and delivery methodology.

Q: How can enterprise clients fund their AI initiatives with NIX United?

A: Through NIX’s status as an advanced AWS partner, eligible clients can access the AWS GenAI Innovation Funding Program to offset costs for AI assessments, proofs-of-concept, and full-scale implementations.

Media Contact

Yevheniia Kryvenko, NIX United, 1 7272563558, yevheniia.kryvenko@nixs.com, NIX United

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Apollo and San Jose Earthquakes Announce Official Sleeve and Go-to-Market Partnership, Bringing the AI GTM System to Major League Soccer

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First-of-its-kind partnership to help Earthquakes capitalize on soccer’s surging popularity through AI-powered GTM transformation

SAN FRANCISCO, July 23, 2026 /PRNewswire/ — Apollo, the AI go-to-market system, announced today a multiyear Official Sleeve Partnership with Major League Soccer’s San Jose Earthquakes that entails becoming both the club’s Official Go-to-Market Partner and the first go-to-market (GTM) company to combine a professional sports sponsorship with a full-scale partnership for revenue operations transformation.

As soccer continues its unprecedented rise in popularity across the United States, with MLS seeing a 62% year-over-year increase in viewership to kick off the 2026 season, the unique partnership positions the Earthquakes to modernize their GTM, accelerate revenue and capitalize on the sport’s expanding global audience.

In the partnership, Apollo will serve as both a brand sponsor with its logo featured prominently on the right sleeve of the Earthquakes’ jersey, and as a technology partner, powering the club’s GTM strategy. The club will deploy Apollo’s system across key revenue-generating functions, including group ticket sales, sponsorship pipeline management, inbound lead routing and season ticket renewals, creating a modern GTM system designed to drive fan engagement and commercial growth.

“We see this partnership as a natural extension of Apollo’s mission to make world-class go-to-market accessible to everyone by bringing it to the world’s most popular game,” said Matt Curl, CEO of Apollo. “Soccer is entering an incredible growth phase in the U.S., creating a once-in-a-generation opportunity for clubs to deepen fan relationships and accelerate commercial growth. Every professional sports team is running a revenue business focused on finding customers, engaging fans, growing sponsorships and driving renewals. By bringing together data, intelligence and execution into one system, we’re helping the Earthquakes build a modern commercial operation that will become a model for the future of sports.”  

The partnership reflects Apollo’s broader vision that every organization can benefit from its AI GTM system. With the rise in soccer’s popularity, clubs face increasing pressure to convert fan interest into lasting relationships, ticket sales, sponsorships and recurring revenue. While sports organizations have historically relied on fragmented tools across ticketing, sponsorship sales, CRM and marketing, Apollo brings those workflows together into one connected system to help organizations capitalize on this moment.

For the Earthquakes, that means:

Modernizing group ticket sales workflowsImproving inbound lead managementGrowing sponsorship pipelineStreamlining season ticket renewal campaignsGiving sales and marketing teams a unified system

“While excitement around soccer continues to grow across the country, we’re investing in the technology and systems that will help us better engage our supporters and continue growing our commercial business,” said Earthquakes President Jared Shawlee. “I started my career in sales and have never seen the kind of technology that Apollo provides. This will transform our approach to sales and marketing by giving us one system to connect data, automate workflows and create a more connected experience for Quakes fans throughout their journey with the club.”

“We are excited to roll out the Apollo AI GTM system to revenue teams across our organization,” added Earthquakes Chief Strategy Officer Ian Anderson. “Apollo is at the forefront of AI-powered GTM and the Quakes are committed to being ahead of the technology curve for our industry.”

The Earthquakes become Apollo’s first official sports partner, laying the foundation for a broader strategy to bring modern GTM technology to sports organizations worldwide. Apollo plans to use the partnership as a blueprint for working with hundreds of professional sports organizations facing similar revenue and commercial challenges.

“This is just the beginning,” added Curl. “Professional sports organizations have the same GTM challenges as fast-growing businesses. We’re excited to demonstrate what’s possible when data, intelligence, and execution come together in a single system to help teams build stronger relationships with fans, partners, and customers.”

The partnership will officially debut ahead of the Earthquakes’ annual California Clasico match on Saturday, July 25, against the LA Galaxy at Stanford Stadium, with Apollo and the club jointly celebrating the launch through customer events, social activations and in-stadium experiences.

About Apollo
Apollo is the AI GTM System that uniquely combines data, intelligence, and execution in one loop helping every business find and win their next customer. Trusted by millions of users and over 600,000 companies worldwide, Apollo combines one of the industry’s largest B2B contact databases with a purpose built GTM intelligence engine and a full execution stack, in an all-in-one system. Learn more at apollo.io.

About San Jose Earthquakes
The San Jose Earthquakes, one of Major League Soccer’s original teams, are the epicenter for soccer in Northern California, playing at the highest professional level in the United States. The club won MLS Cups in 2001 and 2003 and took home Supporters’ Shields in 2005 and 2012. The Earthquakes are based out of PayPal Park, an 18,000-seat soccer-specific stadium that opened in 2015 and is the first cloud-enabled venue in MLS. The organization was originally founded in 1974 in the North American Soccer League, and in 2024, celebrated its 50th anniversary of positively impacting communities around Northern California. The club’s nonprofit arm, the Quakes Foundation, focuses on health and fitness initiatives for local underserved youth and fighting food insecurity. For more information about the Earthquakes, visit sjearthquakes.com.

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CIQ Arms Federal Agencies and Contractors with Kernel-Level Detection and BOD 26-04-Compliant Remediation

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RLC Pro Hardened and Ascender Pro together give federal teams kernel exploitation detection as it happens and CVE remediation before it wipes out an entire fleet

RENO, Nev., July 23, 2026 /PRNewswire/ — CIQ, the founding commercial sponsor of Rocky Linux, today announced the launch of an RLC Pro Hardened and Ascender Pro deployment that gives federal agencies real-time kernel exploit detection, audit-ready compliance, and automated remediation in a single deployment. The pairing gives federal teams a stronger position inside the three-day remediation window Binding Operational Directive (BOD) 26-04 sets for the highest-risk vulnerabilities on federal systems.

On June 10, 2026, CISA issued BOD 26-04, and the three-day clock starts when a flaw enters the Known Exploited Vulnerabilities (KEV) catalog, not when a patch ships. For the most dangerous vulnerabilities, the exploit often arrives before the patch does, leaving agencies with a compliance deadline and no fix to apply yet. Non-compliance penalties can include a range of administrative consequences, including greater regulatory oversight and asset disconnection.

RLC Pro Hardened, CIQ’s federal-ready Enterprise Linux distribution, answers that gap. It is the first Enterprise Linux distribution to ship runtime kernel exploitation detection enabled and supported by default, giving agencies a record of what happened during the window before a fix shipped. CIQ delivered that capability well before BOD 26-04 put federal agencies on a three-day clock.

“A single critical vulnerability can impact an entire federal fleet before it’s even confirmed as a CVE,” said Gregory Kurtzer, founder and CEO of CIQ. “RLC Pro Hardened’s LKRG catches the exploit behavior at the kernel the moment it happens, patch or no patch. Once remediation is required, Ascender Pro orchestrates it across the entire fleet and proves it happened, system by system. Agencies get both sides covered without rebuilding their infrastructure.”

RLC Pro Hardened ships with Linux Kernel Runtime Guard (LKRG), which validates kernel integrity continuously and records kernel-level exploitation as it happens. The distribution also arrives audit-ready, with FIPS 140-3 validated cryptography and CIQ-engineered lockdown playbooks for DISA STIG, CIS and NIST 800-171.

Ascender Pro adds Reaqt, an event-driven engine that watches fleet logs, matches them against rule sets, and fires the right Ansible playbook automatically. Across a fleet, that closes issues faster than manual, ticket-driven review.

More About BOD 26-04

BOD 26-04 replaced the severity-score deadlines of BOD 22-01 and BOD 19-02 with a risk model. It scores each vulnerability on four factors: public exposure, presence in the KEV catalog, exploit automation and technical impact. A vulnerability that meets all four carries a three-calendar-day remediation deadline, the shortest CISA has set in a Binding Operational Directive. Agency remediation policies must support the directive by August 7, 2026.

About CIQ

CIQ is the founding support and services partner for Rocky Linux and a leading provider of enterprise Linux infrastructure. CIQ delivers commercially supported Linux offerings, high-performance computing solutions and AI infrastructure to enterprises, government agencies, research institutions and supercomputing centers worldwide. CIQ’s products include the Rocky Linux from CIQ (RLC Pro) family of operating systems, Ascender Pro for IT automation, Fuzzball job-based container orchestration, Warewulf cluster provisioning and Apptainer, the leading container system for high-performance computing. For more information, visit ciq.com.

MEDIA CONTACT:
Cristin Connelly
Cathey Communications for CIQ
cristin@cathey.co

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