Facebook is Buying Invoices, But is it Factoring?
By: Adam Zaki
“Others believe that big tech is doing pseudo-funding in an effort to break into the space and improve their public image. ‘There’s always a question when big tech or similar big anything’s get into factoring,’ said Robert Zadek, Of Counsel for Buchalter and CEO of Lender’s Funding. ‘They might call that factoring, but it’s not. It’s a fake factoring product. Fake in the sense that it’s only part of what factoring is,’ Zadek said.”
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