Aztec Exchange launches online early payment solution ePayMe in Spain through Grupo SERES

Small- to mid-sized enterprises (SMEs) on the e-FACTURA® platform can now receive early invoice payment typically within 24 hours

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Aztec Exchange

Oct 06, 2016, 10:15 ET

DUBLIN and MADRID, Oct. 6, 2016 /PRNewswire/ -- Aztec Exchange, a global supplier of invoice finance products and services, today announced the launch in Spain of its early payment solution ePayMe (payme.cloud/es/) through Grupo SERES, reaching their 6,000 SME clients. With this partnership, Aztec continues to grow its position among European SMEs seeking early payment – a nearly €1.6 trillion market.ⁱ

ePayMe takes traditional early payment services like factoring and turns it on its head. Typically issuing payment within 24 hours, ePayMe offers complete transparency, so there are no hidden costs or interest charges, and suppliers only pay minimal fees. Additionally, a supplier can sell as many invoices as it wants, provided the corporate debtors are creditworthy, and there are no long-term contracts.

"Demand for early payment solutions in Spain is among the highest in all of Europe, and we look forward to working with Grupo SERES to deliver ePayMe to SMEs throughout the region," said Aztec CEO Edwin Hagan-Emmin. "With ePayMe, SMEs have access to a flexible, cost-effective early payment service that can quickly get them the money they need to improve their working capital and grow their business. Because it's all done online, a business owner can request their money at any time via any Internet-connected device."

"ePayMe is exactly the kind of early payment service our customers are looking for. In a market where quick access to working capital can mean all the difference for an SME trying to grow and thrive, Aztec delivers a solution that makes sense and is cost-effective, and it is automatically implemented through our electronic invoice service," said Alberto Redondo, Marketing Manager Iberia & Latam Grupo SERES.

This move marks the latest expansion for Aztec and ePayMe. Aztec introduced PayMe (as it's known outside of Latin America and Spain) in May 2016 with Ireland-based Celtrino and their 4,000 SME customers. The company expects to announce sizable additional partnerships with a global customer base in the days ahead.

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.

About Grupo SERES

SERES is a pioneer and specialist in safe electronic data interchange (EDI) for over 30 years. It is also in Latin America for over 10 years and it is a technology partner to help in digital transformation to optimize, automate and secure B2B, B2G and B2C electronic document interchange.

SERES belongs to Docapost (Grupo La Poste), and is an important element in the global market for electronic document interchange solutions. SERES is an international group and it is present in France, Spain, Germany, Portugal, Mexico, Colombia, Ecuador, Argentina and Peru, and through its partners in Canada, United States, United Kingdom, Belgium, Switzerland, Italy, etc.