We present the other financial companies that, together with Workcapital, offer alternative financing: their origin, products or their most outstanding characteristics.
The current economic situation has given rise to growing financing needs that have been aggravated by the institutional remodeling of the banking system and its risk-adverse behavior, consequently financial companies that have become the best alternative providing solutions to this market niche.
The purpose of this blog is to make known top 10 companies financial that accompany Workcapital in the market, commenting on its main products, origin, support from shareholders or funds, presence, level of digitization and its most outstanding characteristics.
GEDESCO Group
First, the GEDESCO GROUP, It has its origin in 2001, in the city of Valencia.
Its founders are Antonio Aynat and Javier García.
It is the pioneer company in the market, highlighting its turnover and seniority.
It has a large physical presence through offices throughout the national territory. As a group of companies, each of them addresses an objective customer and with specialized products.
Among the main services it offers are working capital financing, focused on promissory note discount and invoice advance, followed by other complementary services such as:
Taking into account the level of digitization, its platform allows an approximate calculation of the discount and advance invoice costs.
Lastly, its shareholders are owned by the american background JZ International.
SAP Financing
In second place, SAP FINANCING, It has its origin in 2013, in Madrid.
Among its main services, the discount of commercial bills and advance invoices stands out.
They are characterized by Economic prices within a very defined operation, committing to grant a 24-hour study response, and allowing through the web, the sending of documentation for evaluation.
Finally, this subsidiary of JB Capital Markets, Javier Botín's financial company, has a physical office in Madrid.
CREALSA
The third company, CREALSA, has its origin in 2009, in Valencia.
Its founding partners are José Molina (CEO) and Javier Chisbert.
Fintech specialized in promissory note discount, invoice advance and confirming for SMEs and freelancers.
They are committed to digitization to attract customers and investors in the market, providing an online platform that allows investors to participate in those operations in which they are interested and to clients to send the study of commercial financing operations.
Its shareholding is owned by the British fund Iman Capital Partners and its coverage is national with physical offices in Madrid and Valencia.
FIDECO Investments
In fourth place, TRUST INVESTMENTS, It has its origin in 1965, in Madrid.
It is a company with extensive experience in the market, specializing in the working capital financing, especially focused on promissory note discount.
Given his extensive experience in the sector, he accompanies his services with advice on collection management.
The pandemic has accelerated its digitization process, allowing customers the option of requesting and receiving the operations study through its website.
In reference to its shareholders, we highlight Gonzalo Pascual Garcia-Ajofrin.
It has a physical office in Madrid.
BORROX
The fifth company, BORROX, emerged in 2017, in Madrid.
This financial company is part of the group SUMMA INVESTMENT SOLUTIONS and offers commercial bill discount, factoring and confirming services.
Specialized in the advance payment of invoices, it stands out particularly in the public factoring service.
As regards its web platform, there is the possibility of carrying out an online study of the operations.
It has physical offices in Madrid, Barcelona and Seville.
FINANCE
Sixth, we find FINANCE, founded by Paulino de Evan and Jorge Bustos, in 2013.
To access your financing products (commercial discount, factoring and confirming) the following minimum requirements must be met:
- – The assignor must invoice more than €100.000 per year
- – The drawee must present a sales volume of more than 6 million euros per year
- – The existing commercial relationship between the previous parties must be greater than 6 months
- – And the invoices come from commercial transactions.
Regarding its level of digitization, it has a platform specialized in financing projects through Crowdlending.
Its shareholding has been strengthened through the agreement reached with Varengold Bank, through which they have managed to boost their business in Spain.
It has its headquarters in Barcelona, and is committed to offering national coverage through digitization.
NOVICAP Finance
The seventh company is NOVICAP FINANCE, founded in 2015 by Marc Antoni Macià, Federico Travella and Nicolas Overloop.
Offer psychological therapy to employees financing of working capital through factoring, confirming and dynamic discounting solutions.
It differs by its operation under financing lines in the market.
Its website allows you to send the study and perform a cost simulation.
As for its presence, the headquarters are in London, but it carries out the bulk of its activity in Spain through its headquarters in Barcelona, where it was established.
It also has a branch in Madrid and a recent opening in Amsterdam.
Its current shareholders are led by partech funds y Techstars Ventures, among others.
MYTRIPLEA Financing
The eighth company MYTRIPLEA PFP FINANCING, was founded by the brothers Jorge and Sergio Antón in 2013, in Soria.
Crowdlending platform that offers loans for companies through MytripleA Financing PFP, SL and factoring through MytripleA Gestión, SL
They facilitate access to all types of investors, admitting amounts from €50.
The loans can be from €50.000 with a term from 1 month to 5 years.
Regarding the factoring service, they accept invoices with a minimum amount of €3.000 and due dates of up to 150 days for the private sector and 270 for the public.
Its website constitutes a Marketplace where companies and freelancers can obtain financing directly from private investors who obtain a return in exchange.
It has physical offices in Soria and Madrid.
COLLECTUAL
In ninth place is the ECONOMIC SOCIETY FOR THE DEVELOPMENT OF ALTERNATIVE FINANCING COLLECTUAL PFP, whose origin took place in 2015 in Valencia by the co-founders José María Ferrer and Pedro Gómez.
It is distinguished by financing companies with a positive impact in sustainable sectors and committed to their performance in Corporate Social Responsibility (CSR), thus standing out for the ethics and transparency in its activity.
Loans to companies prevail among its main services.
It has an online platform (colectual.com) where it directly connects people seeking to obtain a return on their savings and SMEs that need financing, establishing itself as the first platform for collective loans or crowdlending in the Valencian Community.
finalbion
Finally, the tenth company, finalbion, originated in 2015, in Madrid.
Characterized by financing medium-sized companies, they are committed to digitization allowing their users to obtain financing and view their invoices through their platform.
Among its main services is the financing of working capital for companies through Confirming lines, Factoring and business loans.
It is based in Madrid and Stuttgart (Germany).
It has the support of the British group RBS, through its wholesale banking subsidiary NatWest Markets.
The significant growth of the alternative financing has given rise to multiple financial companies, which together with those we have mentioned above, support SMEs by offering liquidity and closeness to the client.
Know all the advantages you can get with the financing of companies from Workcapital
All the data included in this publication comes from public sources, mainly from their corporate websites and press releases.
