Company Information

Get to know Econfirming

Econfirming is a financial technology company that provides a platform for managing and financing commercial invoices. It connects large companies (buyers), their suppliers, and financial institutions to optimize the supply chain payment process. The platform allows suppliers to request early payment on their approved invoices, providing them with liquidity, while buyers can extend their payment terms. Econfirming was established by a consortium of major Spanish banks to digitize and streamline the traditional "confirming" (reverse factoring) process, making it more efficient and accessible for businesses.

Industry

Financial Electronic PaymentPRIMARY
Financial Other Service

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Econfirming

Colombia

Founded in

2020 (6 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Reviews

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

Security Information :

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Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.