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Multi Service Factoring
Multi Service Factoring

Multi Service Factoring

Multi Service Factoring provided freight invoice factoring and working capital financing until its acquisition by FactorCloud.

Overview
M & A
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Multi Service Factoring operated as the dedicated transportation financing and invoice factoring division of Multi Service Corporation. The business provided working capital solutions, immediate freight bill advances, and accounts receivable management tailored specifically for motor carriers, freight brokers, and owner-operators. By accelerating liquidity and handling credit collections, the division helped trucking fleets maintain consistent cash flow and cover ongoing operating expenses such as fuel and payroll.

In October 2018, fintech financing provider BAM, which later rebranded to FactorCloud, acquired Multi Service Factoring to scale its cloud-based freight factoring operations. The acquired portfolio and client relationships were absorbed directly into FactorCloud's digital lending platform to enhance working capital automation across the logistics industry.

Multi Service Factoring - M & A Snapshot

Open M & A
  • FactorCloud

    Acquired Multi Service Factoring • Undisclosed • Oct 22, 2018

Multi Service Factoring - Similar Companies

FactorCloud logo

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factorcloud.com

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Bobtail logo

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Lendr logo

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Multi Service Factoring - Quick Facts

Who are Multi Service Factoring's competitors?

Companies similar to Multi Service Factoring include FactorCloud, WinFactor, Quickpay Funding and Denim.

Multi Service Factoring - Classification

Industry
  • Financial Services