E Factor Network

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eFactor Network   S.A.P.I. de C.V . (“EFN”) is privately owned company registered in Mexico. EFN offers an Internet platform that enables electronic factoring services for participating suppliers who wish to discount account receivables. Other EFN platform participants include banks which provide financing of receivables and approved corporate buyers which provide payments of receivables on maturity. A related party, eFactor Diez S.A.P.I. de C.V. Sofom ENR (“EFD”) operates as a trade finance intermediary to on-board new platform participants and offer other value added services (EFN and EFD, collectively “EFactor” or the “Company”).  The Project will support further expansion in the Mexican e-factoring market and offering other financial products, including supporting Mexican suppliers exporting goods and services to the US and Mexican corporate buyers with cross-border suppliers in the US, Canada and various emerging market countries in Latin America .