We at VePay, are dedicated at providing you with Shari’ah compliant factoring solution for your e-commerce business.
Factoring in essence is to provide working capital requirements. 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. Although there are many conventional factoring solution providers, there are little or non when it comes to Shari’ah compliant factoring solution providers. Thus, we at VePay identified the need to service faith and ethically conscious micro, small, and medium enterprises (MSMEs) to fulfill their working capital needs, mitigate their credit risk, and expand their business in the e-Commerce space.
We are currently focused at providing Shari’ah compliant factoring solution for vendors who do business in big-box retail marketplaces, such as Amazon, Walmart, Houzz, etc.