Frequent questions

In order to comply with the legal and regulatory framework regarding the prevention and detection of money laundering and of financing terrorist activities, Flexfin applies “Know Your Customer” identification procedures before entering into a new business relationship. Any prospective customer will need to submit appropriate documentation, such as constitutional documents and resolutions, identification documents, as well as financial data.

Yes, a factoring contract between Flexfin and the client is required to be signed before we can offer our services.

Depends on the type of factoring services provided. In recourse contract agreements, the supplier retains the liability against the financial institution for the settlement of any debt, if the buyer does not pay for any reason. In non-recourse contract agreements, the financial institution, under certain conventions and up to a degree, retains the liability against the supplier for the settlement of the receivable.