- 15 Feb
Factoring & Invoice Discounting ABFA Market Expands
For some time the market as reported in the ABFA quarterly statistics has reduced in client numbers but the last quarters figures to September 2010 show growth once again (albeit small) as the market starts to expand.
Although the gain was small, 43 clients net increase over the quarter across the ABFA membership, in the last year there has been a 10.8% increase in the value of sales transacted by members of the ABFA which suggest that factoring and invoice discounting is enabling those businesses to grow faster that the economy overall.
There have also been a number of new entrants into the market in recent times.