Collector launches new digital business product – Reverse Factoring

Gothenburg, Sweden – Collector AB (publ.) (NASDAQ Stockholm: COLL). Collector continues to focus heavily on the digitisation of business products and is launching Reverse Factoring, a new online service that helps improve companies’ cash flow and strengthen their business relationships.

The benefits of the product, in addition to the simplicity of applying for the service and using it digitally, is that suppliers can receive payment directly, which may permit cash rebates for e-retailers, for example, and other enterprises with large-scale purchasing. The product also gives businesses the opportunity to extend payment periods. Other advantages are that it ensures that supplier invoices are paid on time while businesses maintain control of their own credit periods. 

“We are proud to present a new digital product for the business market where there is less pressure for exciting new digital solutions to ease businesses’ day-to-day operations.” Says Stefan Alexandersson, CEO Collector 

For further information, please contact:
Stefan Alexandersson, CEO I Phone +46 70-607 38 87 I Mail stefan.alexandersson@collectorbank.se 
Åsa Hillsten, CCO & IR I Phone +46 70-081 81 17 I Mail asa.hillsten@collectorbank.se 

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