Faktus is a digital banking platform for construction SMEs that turns each project into immediate liquidity by assessing client risk, issuing one‑click guarantees, and financing invoices within an hour. The service integrates electronic invoicing via Chorus Pro, provides a project‑specific account with instant transfers, automated payment reminders, real‑time reconciliation, and legal support to streamline cash‑flow management across multiple sites.
Funding
$5.6M 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
Construction firms often face cash flow constraints because payments for completed work are delayed by long client payment terms, retained guarantees, and administrative bottlenecks, leaving significant portions of their working capital tied up for months.
Solution
Faktus offers a digital banking platform tailored to the construction sector that transforms each project into an immediate source of liquidity. The service evaluates the credit risk and contractual terms of each client, provides a one‑click guarantee for retained sums, and enables electronic invoicing through Chorus Pro. Invoices can be financed within an hour, with funds deposited directly onto a dedicated professional account that consolidates receipts, expenses, and financing per project. Automated, intelligent payment reminders and real‑time reconciliation keep cash flow visible, while integrated legal support assists with dispute resolution and collection. A regional account manager complements the technology with personalized assistance.
Target Audience
Faktus targets small and medium‑size enterprises (SMEs) in the construction and building‑trade sector that need to manage cash flow across multiple projects.
Features
- Risk assessment of client payment behavior and contract terms for each construction project
- One‑click guarantee issuance to cover retained guarantees and reduce client risk
- Instant invoice financing (typically within 1 hour) with funds transferred to a project‑specific account
- Automated invoice submission and tracking via Chorus Pro, including status updates
- Intelligent, automated payment reminders and automatic reconciliation of incoming payments
- Real‑time dashboard showing cash flow, payment delays, and financing status per chantier
- Integrated legal assistance for collection and dispute handling
- Unlimited free instant transfers, customizable card limits, and automated accounting integration