Chile

Electronic factoring in Chile increases 15% in 2018

In 2013 electronic factoring (e-Factoring) operations were carried out for amounts of ...

How Chilean factoring market will change with 30-day payment law

On Thursday the 3 rd of January, the Chilean president Sebastián Piñera, accompanied by economy minister...

Chilean factoring firms file criminal complaint against two executives of Equitas

Juan Ignacio Piña, lawyer and former undersecretary of Justice recently filed a lawsuit against two directors of Innovaciones Forestales. Whilst representing the two local factoring firms Primus Capital and Contémpora, Piña filed the lawsuit against...

Chilean factoring company launches online client solution

From the 5 th of November, the Chilean company New Capital launched its own developed online solution for its clients. New Capital PRO, the new web branch of the financial company, is a platform that gives client access to all the information...

Chilean proposed law on payment terms “not feasible”

A few weeks ago, Chilean president, Sebastián Piñera, spoke about the law of term payment, which will impact SMEs in terms of working capital and investment, "ending abusive arrears to these companies, setting maximum payment terms to 60 days." The...

IDB grants US$10m to factoring company for SMEs in Chile and Peru

IDB Invest, the private sector arm of the Inter-American Development Bank (IDB) Group, recently disbursed a four-year loan of US$10 million to Factotal SA, a Chile-based provider of factoring, leasing and vendor-finance services for SMEs. The deal,...

Santiago Court recognizes factoring debts in Forest Innovations case

factoring

The battle that about 10 factoring companies have started against Forest Innovations (IF) controlled by the investment fund...

On impact of new Electronic Bill on factoring industry in Chile

As you can see from the title, the E-bill would regulate the electronic payments; however, at the moment most of the invoices issued in Chile are on paper...