Financial Services | Export Factoring | FinTech services by Cogoport

In today's global trade landscape, where competition is fierce, importers are demanding better credit terms like open account and deferred payment arrangements. However, this can lead to long waiting periods for exporters to receive payment after selling their inventory. This can hamper business growth, resulting in missed opportunities and lost customers to competitors.

But fear not! Export factoring is here to help your business thrive. By implementing this financing strategy, you can commit to larger orders, offer better trade terms, and reduce risks, enabling you to grow faster.

Here's how Export Factoring Works:
1️⃣ Enter into an agreement with a trusted factor.
2️⃣ Send your goods to overseas buyers.
3️⃣ Provide your receivables invoice to the factor, who will pay you a percentage of the amount.
4️⃣ The factor collects the receivable amount from the importer and pays you the remaining balance.

But wait, there's more! Introducing Cogoport, your all-in-one trade solution platform. With a simple click of a button, you can receive up to 90% of your invoice value at the time of issuing the bill of lading. This means you can offer better credit terms to your customers while maintaining sufficient cash flow for your day-to-day activities, without any debt or collateral.

Applying for our Export Factoring solution is quick and hassle-free, requiring minimal paperwork. Our seamless and thorough verification process ensures you can be stress-free and focus on growing your business.

Ready to take your business to new heights? Email us at [email protected]

or

click the link below to learn more about how Cogoport's Export Factoring solution can fuel your business growth.
https://www.cogoport.com/en-IN/produc...

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