Latest / Fintech Conversations with Fexingo: Banking, Payments, and Financial Software Companies
How Fintechs Use Real-Time Shipping Data for Dynamic Invoice Factoring
Episode 125 of Fintech Conversations dives into a fresh angle in real-time financial services: using live shipping and logistics data to dynamically adjust invoice factoring rates and advance amounts. Lucas and Luna explore how a mid-sized freight fintech called Flexport (fictitious example) partnered with a factoring firm to drop factoring fees by 30 basis points when a shipment's GPS tracker showed it was ahead of schedule, and raise them when a vessel got stuck at port. They break down the mechanics: how API connections to ocean carrier schedules and trucking ELD logs feed into a…
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