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Yahoo
13-05-2025
- Business
- Yahoo
U.S. Factoring Services Market Analysis by Product, Technology, Grade, Application and End-user (2019-2032) - Next-Gen Technologies Drive Surge in Alternative Financing Access for SMEs
Dublin, May 13, 2025 (GLOBE NEWSWIRE) -- The "U.S. Factoring Services Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast 2032 - By Product, Technology, Grade, Application, End-user, Country: (U.S.)" report has been added to U.S. factoring services market is on an upward trajectory, projected to reach a value of US$637.1 billion by 2032, up from US$364.1 billion in 2025. This growth represents a strong compound annual growth rate (CAGR) of 8.32% between 2025 and 2032. The market is gaining traction due to the rising adoption of advanced technologies such as Machine Learning (ML), Artificial Intelligence (AI), and blockchain. These technologies are transforming financial services and enabling businesses, especially small and medium-sized enterprises (SMEs), to access flexible financing alternatives more InsightsThe market's expansion is significantly attributed to the digitalization of financial services and the need for faster, more accessible financing mechanisms for businesses facing limitations in traditional credit the years, economic fluctuations and evolving business models have reshaped the U.S. factoring Analysis. From 2019 to 2023, the market experienced stable growth fueled by a favorable economic climate and increasing SME participation. As economic recovery strengthened post-pandemic, the adoption of factoring services surged across industries such as manufacturing, logistics, healthcare, and DriversOne of the central forces behind the market's growth is the increased adoption of fintech solutions. These technologies are revolutionizing traditional financial processes by introducing automation, improved customer interfaces, and streamlined payment mechanisms. Fintech companies now offer scalable, cost-effective mass payment services that appeal to SMEs struggling with traditional banking limitations. These developments have created a conducive environment for factoring firms to expand their offerings and attract a broader customer utilization of blockchain technology is another game-changing trend in the U.S. factoring services market. Blockchain has enhanced transactional transparency, security, and traceability - key aspects that appeal to both clients and providers. With features such as cryptographic protections and smart contracts, blockchain supports more secure, efficient, and fraud-resistant factoring operations. Leading blockchain platforms like Ethereum and Hyperledger are facilitating these innovations, making them a cornerstone of the market's technological OpportunityThe rapid increase in open account trading in the United States has created significant growth opportunities for factoring services providers. The expansion of industries and the increasing volume of trade - especially by SMEs - has escalated the demand for alternative financing mechanisms. Open account transactions require flexible, reliable, and low-risk payment solutions, making factoring an ideal the emergence of advanced AI and ML algorithms within the banking and financial sector has allowed for the development of highly personalized factoring solutions. Financial institutions are using these tools to analyze vast amounts of data, offer accurate credit assessments, and enhance the overall customer experience. These advancements are expected to drive deeper market penetration, particularly among underserved and emerging business AnalysisWithin the U.S., the adoption of factoring services is growing across all major regions, although urban and industrial hubs such as California, Texas, and New York continue to dominate the market due to the high concentration of SMEs and technological innovators. The Southern and Midwestern regions are also witnessing increased traction, attributed to the expansion of the logistics, construction, and manufacturing that are home to a large number of SMEs are more likely to show a strong demand for factoring services due to their limited access to conventional credit lines. In these regions, factoring not only bridges funding gaps but also supports broader economic development by enabling businesses to grow and scale PlayersThe competitive Analysis of the U.S. factoring services market is characterized by a mix of traditional banks and emerging fintech players. Leading financial institutions such as Wells Fargo Capital Finance, CIT Group Inc., JPMorgan Chase Bank, and PNC Financial Services continue to dominate due to their extensive client base and well-established innovative fintech firms like Riviera Finance, The Interface Financial Group (IFG), and Crestmark are disrupting the market with tailored solutions, faster turnaround times, and tech-driven platforms. These companies are increasingly focusing on niche industries and flexible service models to cater to evolving customer recent developments have highlighted the ongoing transformation in the market. In May 2024, ABN AMRO Bank acquired Hauck Aufhauser Lampe, strengthening its footprint in private banking and business financing. BNP Paribas's 2023 collaboration with Hokodo to launch a B2B Buy Now Pay Later (BNPL) platform further signals growing investment in factoring-related fintech solutions. Additionally, Mizuho EMEA's introduction of the Stratum VIII and IX funds in 2023 reflects increasing financial backing in the trade finance Hindering GrowthDespite promising growth prospects, the U.S. factoring services market faces several regulatory challenges. Varied licensing requirements and complex compliance frameworks across different states and regions can deter new entrants. The high cost and time associated with adapting to shifting regulatory Analysiss may restrict smaller providers from scaling operations or entering new markets. Additionally, restrictions on transaction types and fee structures in certain jurisdictions can limit service of transparency and predictability in regulations across different regions adds to the challenge, particularly for businesses seeking to expand their factoring solutions nationwide or across borders. These regulatory constraints could hinder the pace of market expansion unless addressed through harmonized policy Segmentation The U.S. factoring services market can be segmented based on factoring type, provider type, enterprise size, and end user: By Factoring Type: Domestic International Domestic factoring holds the largest share owing to the simplicity of legal and operational frameworks within the country. Geographic limitations and regulatory barriers tend to make international factoring more complex and less Provider Type: Banks Non-Banking Financial Companies (NBFCs) Banks dominate this segment by leveraging trust, infrastructure, and access to capital. However, NBFCs are emerging as key disruptors by offering highly customized, agile services to niche Enterprise Size: Small & Medium Enterprises (SMEs) Large Enterprises SMEs constitute the largest segment as they frequently rely on factoring to access liquidity in the absence of strong banking End User: Construction Manufacturing Healthcare Logistics Key Topics Covered1. Executive Summary1.1. U.S. Factoring Services Market Snapshot1.2. Future Projections1.3. Key Market Trends1.4. Analyst Recommendations2. Market Overview2.1. Market Definitions and Segmentations2.2. Market Dynamics2.2.1. Drivers2.2.2. Restraints2.2.3. Opportunities2.3. Value Chain Analysis2.4. Porter's Five Forces Analysis2.5. Regulatory Landscape2.6. COVID-19 Impact Analysis2.6.1. Supply2.6.2. Demand2.7. Economic Overview2.7.1. World Economic Projections2.8. PESTLE Analysis3. Price Trend Analysis3.1. Key Highlights3.2. Prominent Factors Affecting Factoring Services Prices3.3. Pricing Analysis, by Factoring Type4. U.S. Factoring Services Market Outlook, 2019-20324.1. U.S. Factoring Services Market Outlook, by Factoring Type, Value (US$ Bn), 2019-20324.1.1. Key Highlights4.1.1.1. Domestic4.1.1.2. International4.2. U.S. Factoring Services Market Outlook, by Provider Type, Value (US$ Bn), 2019-20324.2.1. Key Highlights4.2.1.1. Banks4.2.1.2. NBFCs4.3. U.S. Factoring Services Market Outlook, by Enterprise Size, Value (US$ Bn), 2019-20324.3.1. Key Highlights4.3.1.1. Small & Medium Enterprises4.3.1.2. Large Enterprises4.4. U.S. Factoring Services Market Outlook, by End User, Value (US$ Bn), 2019-20324.4.1. Key Highlights4.4.1.1. Construction4.4.1.2. Manufacturing4.4.1.3. Healthcare4.4.1.4. Logistics5. Competitive Landscape5.1. Company Market Share Analysis, 20255.2. Competitive Dashboard5.3. Company Profiles5.3.1. altLINE5.3.2. Barclays Bank PLC5.3.3. BNP Paribas5.3.4. China Construction Bank Corporation5.3.5. Deutsche Factoring Bank5.3.6. Eurobank5.3.7. Factor Funding Co.5.3.8. Hitachi Capital PLC5.3.9. HSBC Group5.3.10. ICBC China6. Appendix6.1. Research Methodology6.2. Report Assumptions6.3. Acronyms and Abbreviations For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Sign in to access your portfolio
Tahawul Tech
06-05-2025
- Business
- Tahawul Tech
Amit Zavery Archives
The new service was first previewed at OpenWorld in October last year, and is based on the Linux Foundation's open source Hyperledger Fabric platform – a collaboration tool for building Blockchain distributed ledger business networks, such as smart contract technology.
Associated Press
11-03-2025
- Business
- Associated Press
Pineapple Express Cannabis Company and Groovy Company Announce Strategic Share Exchange Agreement
Strategic acquisition combines GROOVY's blockchain-based cannabis authentication platform with Pineapple Express's industry presence ATLANTA, GA / ACCESS Newswire / March 11, 2025 / Pineapple Express Cannabis Company d/b/a PINYA XP (OTC PINK:PNXP) and GROOVY Company, Inc. f/k/a Santo Mining Corp. (USOTC:SANP) today announced the execution of a Share Exchange Agreement, creating a powerful partnership in the cannabis technology and authentication XP Under the terms of the agreement, Pineapple Express Cannabis Company will acquire a controlling interest in GROOVY Company, making GROOVY a subsidiary of Pineapple Express. The transaction will be executed through an exchange of 350,000,000 shares of Series A Preferred shares of GROOVY for 5,000,000 shares of common stock of Pineapple Express. This strategic combination leverages GROOVY's innovative centralized Hyperledger blockchain-based Platform as a Service (PaaS) with Pineapple Express's established position in the cannabis industry. 'This partnership represents a significant milestone in our mission to bring transparency and trust to the cannabis industry,' said Frank Yglesias, who serves as CEO of both companies. 'By combining GROOVY's cutting-edge blockchain authentication technology with Pineapple Express's industry presence, we're positioned to revolutionize how consumers verify the authenticity and origin of cannabis products.' About GROOVY's NFT-QR Tag Authentication System GROOVY has developed a pioneering platform that leverages Hyperledger Fabric blockchain technology and NFT standards (ERC1155, ERC725X, ERC725Y, and ERC735) to address significant challenges in the cannabis industry. The platform utilizes NFT-based QR codes to verify the authenticity and origin of cannabis products, combating counterfeiting and providing consumers with verifiable information. Key features of the platform include: Strategic Benefits This transaction provides several strategic advantages: The transaction is expected to close in the coming weeks, subject to customary closing conditions. About PINYA XP fna Pineapple Express Cannabis Company dba PINYA XP At PINYA XP (USOTC:PNXP), our mission begins with saving lives. Through our GROOVY PaaS 4IR Ecosystem, we provide unalterable verification of cannabis product authenticity, ensuring consumers receive exactly what they expect. This blockchain-powered system prevents counterfeit products from reaching the market, protecting consumers from potentially harmful substances while enabling healthcare professionals to confidently recommend products with verified profiles. Our centralized Hyperledger Fabric blockchain creates an immutable record of each product's journey from seed to sale. Every scan of our QR-NFT tags reveals a complete history of the product's cultivation, testing, and distribution, establishing an unbreakable chain of trust throughout the supply chain. This transparency isn't just about compliance - it's about creating a safer cannabis industry for everyone. The GROOVY Rewards program transforms product authentication into an engaging experience. Consumers earn rewards for verifying products, completing educational modules, and participating in our community. This gamification approach not only encourages active participation in product safety but also generates valuable data insights that help drive industry improvements. Our Geno-NFT Library revolutionizes intellectual property protection in cannabis. This secure, blockchain-based repository allows growers to register their unique strains and receive automatic royalties when their genetics are used in authenticated products. By ensuring fair compensation for innovation, we're fostering the development of new, high-quality cannabis varieties. The GROOVY Marketplace connects all these elements into a comprehensive ecosystem where authenticated products, verified genetics, and engaged consumers come together. Our AI-powered analytics engine processes this rich data to provide actionable insights, enabling businesses to make informed decisions while ensuring product safety and quality. Cautionary Statement Regarding Forward-Looking Statements This document may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements reflect management's current expectations, assumptions, and projections about future events or financial performance and are not guarantees of future results. Forward-looking statements are inherently subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Statements containing words like 'believe,' 'anticipate,' 'endeavor,' 'estimate,' 'expect,' 'project,' 'intend,' or similar expressions identify these forward-looking statements. Specifically, statements regarding future growth, market adoption of Groovy's platform, regulatory developments, technological advancements, and financial performance in the cannabis and cryptocurrency industries are subject to these risks and uncertainties. Factors that could cause actual results to differ materially from those currently anticipated include, but are not limited to: the risks associated with the evolving cannabis market, including but not limited to regulatory uncertainties and changes in laws and regulations; competitive pressures within the cannabis sector; technological disruptions impacting operational efficiency; fluctuations in market demand; variations in product pricing; the ability to effectively penetrate new markets; and the potential financial or reputational impacts from legal, administrative, or regulatory developments. Further, risks relating to the volatile nature of the cryptocurrency market, potential security breaches, fluctuations in token values, and changes in investor sentiment are relevant considerations. These factors, as well as risks relating to the general economy, market volatility, and competitive activity, are further detailed within the 'Risk Factors' section of this document. The Company does not undertake any obligation to update or revise any forward-looking statements contained in this document, whether as a result of new information, future events, or otherwise. Investors should carefully consider these factors and the risks discussed throughout this report before making any investment decisions. This statement is made for purposes of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Further, investors should independently research and evaluate the potential risks and rewards of investing in the Company and the cannabis and cryptocurrency sectors. CEO
