Factoring in essence is working capital solution. It is a financial and risk mitigation service in which a Seller assigns its accounts receivable from the Marketplace to a third party (the factoring solution provider) at a discount. Factoring has become an increasingly vital component in facilitating cross border trade as the world becomes a global village. Specially, it benefits SMEs and the supply chain across the globe to in facilitating their financial needs and growth via providing the much-needed funding.

Shari’ah compliant factoring is simply factoring the Halal way. VePay is dedicated at facilitating it for faith and ethically conscious traders in the eCommerce space.