Hagan-Emmin continued, "PayMe is a game-changer for suppliers looking to have their invoices paid early and get the working capital they need. We designed PayMe so suppliers will no longer be subject to the hidden fees, credit reviews, restrictions or interest charges of traditional factoring firms. Our customers are typically paid within 24 hours for invoices they select for early payment. For corporate debtors, it enhances their relationships with suppliers as well as provides options to extend trade payable days without putting suppliers at risk."
Being named to Forbes Fintech 50 is just the latest in a round of good news for Aztec Exchange. In October, the firm announced two significant partnerships that greatly increased its reach in Latin America and Europe:
- Aztec now provides Santiago-based Gosocket's 92,000 suppliers with on-demand invoice payment via ePayMe (PayMe's brand in Latin America and Spain). It will service Gosocket's $200 million in monthly invoice finance requests with proprietary and institutional investor capital.
- Aztec signed on with Grupo SERES to bring its services to one of Spain's largest e-invoice providers and their 6,000 clients. With this association, Aztec is also in a position to grow its brand among European SMEs seeking early payment – a nearly $1.8 trillion market.
The print issue of Forbes Fintech 50 is on newsstands now. It's online at http://www.forbes.com/sites/janetnovack/2016/11/07/the-forbes-fintech-50-for-2016.
About Aztec Exchange
Aztec Exchange is a leading payment company dedicated to streamlining global supplier finance. Founded by former Morgan Stanley and HSBC executives, Aztec Exchange's flagship service is PayMe (known as ePayMe in Latin America and Spain) - a reliable, cost-effective and easy-to-use early payment solution. With PayMe, suppliers sell their invoices and receive working capital within days rather than weeks or even months. PayMe is available as a white-label service and can be easily integrated into e-invoicing networks.
Headquartered in Dublin, Ireland, and with operations in Los Angeles and Miami, Aztec can be found online at www.aztecexchange.com.
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SOURCE Aztec Exchange