OLTA, a Tokyo-based factor, has announced a new collaboration with Suruga Bank Co Ltd. to introduce "Suruga Cloud Factoring powered by OLTA". The new offer will represent an online full factoring solution that may be able to raise cash the same day.
As part of the new collaboration, OLTA will advise Suruga Bank on the creation, launch and management of web services; while Suruga Bank will roll out services to corporate and single proprietor clients in its 30 regional offices.