Factcil provides a platform for freelancers in LATAM to manage invoicing, track payments, and handle social security contributions, streamlining administrative tasks. The service enables users to receive upfront payments for their services, reducing the waiting time for client payments and improving cash flow.
Funding
$500K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Freelancers in Latin America often face challenges in managing their finances, including invoicing, payment tracking, and social security contributions. The administrative burden can be time-consuming, taking away from their core work and impacting their overall productivity. Additionally, waiting for client payments can create cash flow issues and financial instability.
Solution
Factcil is a platform designed to streamline financial management for freelancers in LATAM. It offers tools for creating and sending invoices, tracking payments, and managing social security contributions, all in one place. Factcil also provides the option for freelancers to receive upfront payments for their services, mitigating the waiting time associated with traditional client payment cycles and improving cash flow. By automating administrative tasks and providing faster access to funds, Factcil enables freelancers to focus on their core competencies and grow their businesses.
Target Audience
The primary target audience is freelance professionals and independent contractors in Latin America, including content creators, medical professionals, photographers, and service providers.
Features
- Invoice generation and delivery with customizable templates
- Automated payment reminders to clients
- Income and expense tracking for financial oversight
- Social security payment registration and management
- Advance payment option for invoices, subject to risk assessment
- Integration with local financial institutions for seamless transactions
- Client onboarding and document verification
- Support for international payments