Australia’s factoring and invoice finance industry offers a range of facilities to small- and medium-sized enterprises (SMEs), as well as larger mid-size corporate businesses said Greg Woszczalski, Executive Director, Grow Finance Limited, Australia in his article included in the latest edition of the World Factoring Yearbook.
The industry has been active since the 1970s with providers ranging from major banks, who mostly provide confidential invoice discounting facilities, non-bank financial institutions providing both factoring and discounting, through to small, specialist privately owned funders.
