We ran a factoring company. And when we couldn't find software that worked, we built our own.
Our founders were running a factoring operation processing more than 60,000 invoices a month. The software options available at the time were built for a different era -- clunky, manual, and designed around paper processes that hadn't changed in decades. Every funding event required layers of human intervention that should have been automated. The inefficiency had a cost -- in headcount, in errors, in time.
Rather than continue adapting to software that wasn't built for how modern factoring actually works, we built our own. FactorCloud launched in 2014 as an internal platform -- designed from the ground up for the automation, dual-ledger accounting, and workflow efficiency that legacy software couldn't deliver.
Within two years of deploying FactorCloud internally, our operation was processing 80% more net funding events without adding headcount. The automation layer -- what would later become BrightBolt -- eliminated manual data entry almost entirely. Schedules created themselves. Cash application ran automatically. The team focused on growth, not operations.
Word spread through the factoring community. Other operators saw what we had built and asked if they could use it. What started as an internal tool became a platform. We began making FactorCloud available to other factors -- people who, like us, were tired of software that made their jobs harder instead of easier.
In 2022, FactorCloud brought on new executive leadership to accelerate the platform's growth. With 45+ developers now on the team and a product roadmap built around the real needs of factors at scale, FactorCloud became more than just a tool. It became a mission: to build the operating system for modern factoring.
FactorCloud is now the most complete factoring platform on the market -- with BrightBolt OCR, 20+ integrations, a full dual-ledger accounting engine, white-labeled client portals, and an open API. Every feature was built because a factor needed it. That's still true today. And it always will be.
"We built FactorCloud because we were factors who needed better software. We knew what the job actually required. That knowledge is baked into every feature, every workflow, every decision we make about the platform."-- FactorCloud Founding Team
Book a demo and see what ten years of building from the inside out looks like.