New strategic partnership: efcom joins Software Group and AMFS to offer first fully digital factoring platform on a global scale.

Kalin Radev, CEO Software Group

Hasibe Genova, CEO AMFS and Federico Avellán-Borgmeyer, CPO efcom

  • Strategic alliance with Software Group and Advanced Mobile Factoring Solutions
  • Common platform helps meet working capital needs of corporates and SMEs
  • efcom expands global network through Software Group’ Sales & Service Organization

Neu-Isenburg, 29.08.2022–efcom gmbh has signed a close partnership with Software Group ( and factoring fintech company Advanced Mobile Factoring Solutions–AFMS ( The aim is to provide financial institutions with an end-to-end factoring platform that enables faster, better and easier access to working capital financing for businesses of all sizes in the global supply chain.


The strategic alliance brings together еfcom’s core factoring systems with AMFS’ mFactor–the world’s first end-to-end digital factoring solution–to fully and seamlessly digitise the supply chain financing process. The platform is already used by some of the world’s largest financial institutions, helping them to grow their factoring client base and volume while keeping operational and credit risks under control.


“We also expect this trend-setting cooperation to lead to a remarkable expansion of our partner network around the world,” affirms Federico Avellán Borgmeyer, Chief Partner Officer at efcom. “While our existing customers in Central Europe will benefit from mfactor’s functionalities right away, it will enable all of us to provide interested parties with our first-class factoring solutions, i.e. with direct presence not just from Germany and Spain, but also from Software Group’s regional offices in Bulgaria, Kenya, Ghana, Nigeria, Philippines, India, Australia, Mexico, Egypt and the United States of America providing direct commercial and technical support across all continents.”


While the present economic situation is expected to increase companies’ cash flow needs and the demand for a distant way of doing business, the alliance will enable factoring providers to offer their clients (both Sellers and Buyers) a faster and completely paperless process coupled with a superior user experience. Financial institutions wishing to launch a factoring business will also benefit from the team’s decades of experience in pioneering and successfully monetizing critical innovations in the factoring industry.


The strategic plan of the partners involves increasing the platform´s adoption in mature European markets as well as expanding the offering to other markets and supporting financial institutions that wish to launch factoring business by providing Factoring as a Service.


ef3/efX by еfcom are full-fledged core factoring platforms, integrating core receivables finance functionalities for domestic or international full-service factoring, in-house factoring, supply-chain-finance and many more. Its ef3 and efX, backend systems connect via Web-Services to its efOnline frontend or AMFS’ mFactor allowing efcom-clients to now operate from anywhere, anytime and from all devices with the best user experience (UX), highest productivity and performance available in the market while guaranteeing maximum security & safety features using state-of-the-art technologies such as AI and blockchain, Made in Germany. With over 20 years’ experience in the receivables finance space, efcom ensures its clients with scalable and thus affordable cloud-based solutions according to their business needs and size.


Software Group is a global technology company specialized in digitalization and integration solutions for the financial industry. Through its Digital Banking Platform and customer-centric solutions it has helped more than 200 financial service providers in 70+ countries to successfully go through digital transformation, extending their outreach and improving efficiency.


mFactor connects all the parties, processes and systems of a bank’s factoring business into a vibrant, seamless and efficient digital ecosystem. Built with a digital-first approach, scalable and extensible, the solution is perfectly suited for the needs of any business – from SMEs to large corporations. It has proven to make factoring and supply-chain finance 10 times faster, 5 times more cost effective and 3 times safer compared to analog factoring processes, and is fully compliant with the security requirements of Tier-1 financial institutions.


Our solution is definitely helping financial institutions to enter into the SME segment, which is usually underserved and/or has limited access to factoring services due to the operational document workload of the business. However, the cross-platforms, cross-entities and cross-markets integrations and digitalisation are at the core of mFactor and makes it suitable also for the complex environment of large institutions in the supply chain world. mFactor comes with an embedded integration layer and thus can be integrated with most of the core factoring/banking platforms, as well as most client ERP/accounting systems, which allows for bulk assignments where large number of invoices are issued.


About Software Group:
Software Group is a global technology company specialized in digitalization and integration solutions for financial service providers. It currently serves a worldwide client base in more than 70 countries from 9 regional offices located in Australia, Bulgaria, Egypt, Ghana, India, Kenya, Mexico, the Philippines and the USA. Some of Software Group’s customers are organizations such as Bill & Melinda Gates Foundation, MasterCard & MasterCard Foundation, International Finance Corporation (IFC), Asia Development Bank, Asia Confederation of Credit Unions (ACCU), Access Bank Germany, Atlantic Bank Group, Bank South Pacific, Commercial International Bank Egypt, Dosh New Zealand, Allianz Bank, Eurobank, Generali, Fidelity Bank, Kenya Commercial Bank among others. Learn more at


About AMFS:
AMFS is the creator of mFactor, the first truly mobile factoring solution, which takes a company’s factoring process to a revolutionary new level through an end-to-end digital journey and exceptional UX for their clients and employees. Behind the mFactor platform there is a diverse team of seasoned professionals, backed by a Board of proven leaders in the fields of international factoring, banking and fintech.
AMFS’s mission is to empower commercial banks and their clients with the best seamless Web/Mobile-CS-ERP user experience and make their interactions and operations faster, safer and more cost and risk efficient. Learn more at