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The first fully digital factoring platform is powered by AMFS, efcom and Software Group

The first fully digital factoring platform is powered by AMFS, efcom and Software Group

Factoring fintech company Advanced Mobile Factoring Solutions - AMFS ( signed a partnership agreement with еfcom ( and Software Group ( to enable financial institutions with an end-to-end factoring platform, which will help companies of any size in the global supply chain to have a faster, better and easier access to working capital financing.

The strategic alliance brings together AMFS’ mFactor - the world’s first end-to-end digital factoring solution, and еfcom’s leading core factoring systems ef3 and efX, to fully and seamlessly digitize the supply chain finance process. Already adopted by some of the world’s largest financial institutions, the platform is helping them grow factoring client bases and volumes, while keeping operational and credit risks in control.

mFactor connects all the parties, processes and systems of a bank's factoring business into a vibrant, seamless and efficient digital ecosystem. Built with a digital-first approach, scalable and extensible, the solution is perfectly suited for the needs of any business - from SMEs to large corporations. It has proven to make factoring and supply-chain finance 10 times faster, 5 times more cost effective and 3 times safer compared to analog factoring processes, and is fully compliant with the security requirements of Tier-1 financial institutions.

ef3/efX by еfcom are full-fledged core factoring platforms, integrating core receivables finance functionalities for domestic or international full-service factoring, in-house factoring, supply-chain-finance and many more. The ef3 and efX backend systems connect via Web-Services to AMFS’ mFactor allowing efcom-clients to now operate from anywhere, anytime and from all devices with the best user experience (UX), highest productivity and performance available in the market while guaranteeing maximum security & safety features using state-of-the-art technologies such as AI and blockchain, Made in Germany.

Software Group is a global technology company specialized in digitalization and integration solutions for the financial industry. Through its Digital Banking Platform and customer-centric solutions it has helped more than 200 financial service providers across the world successfully go through digital transformation, extending their outreach and improving efficiency.

While the present economic situation is expected to increase companies’ cash flow needs and the demand for a distant way of doing business, the alliance will enable factoring providers to offer their clients (both Sellers and Buyers) a faster and completely paperless process coupled with a superior user experience.  Financial institutions wishing to launch a factoring business will also benefit from the team’s decades of experience in pioneering and successfully monetizing critical innovations in the factoring industry.

The strategic plan of the partners involves increasing the adoption of mFactor in mature European markets as well as expanding the offering to other markets and supporting financial institutions that wish to launch factoring business by providing Factoring as a Service.


About AMFS

AMFS is the creator of mFactor, the first truly mobile factoring solution, which takes a company's factoring process to a revolutionary new level through an end-to-end digital journey and exceptional UX for their clients and employees. Behind the mFactor platform there is a diverse team of seasoned professionals, backed by a Board of proven leaders in the fields of international factoring, banking and fintech.

AMFS’s mission is to empower commercial banks and their clients with the best seamless Web/Mobile-CS-ERP user experience and make their interactions and operations faster, safer and more cost and risk efficient. Learn more at


About еfcom

efcom is a leading provider of factoring software solutions. Founded and headquartered at the heart of Europe’s financial capital near Frankfurt/Main over 20 years ago, it now serves, along with its participations and partners, nearly 50 fine and renowned financial institutions such as Deutsche Bank-Postbank, HSBC, BNP Paribas, Unicredit, BBVA, Eurofactor, Raiffeisenbank, Allianz-Bank, NovaKBM, FinTechs, large corporations and many more. During 2022, efcom’s clients will achieve a factoring volume in excess of 200 billion Euros with over 100 million invoices and over 1 million buyers and sellers. Learn more at


About Software Group

Software Group is a global technology company specialized in digitalization and integration solutions for financial service providers. It currently serves a worldwide client base in more than 70 countries from 9 regional offices located in Australia, Bulgaria, Egypt, Ghana, India, Kenya, Mexico, the Philippines and the USA. Some of Software Group’s customers are organizations such as Bill & Melinda Gates Foundation, MasterCard & MasterCard Foundation, International Finance Corporation (IFC), Asia Development Bank, Asia Confederation of Credit Unions (ACCU), Access Bank Germany, Atlantic Bank Group, Bank South Pacific, Commercial International Bank Egypt, Dosh New Zealand, Allianz Bank, Eurobank, Generali, Fidelity Bank,  Kenya Commercial Bank among others. Learn more at