Platinum Financing is a Factoring Company offering financial solutions for firms comprising three main factors: funding, credit insurance and collecting. The company assists Israeli businesses in financing the import and export of goods to and from Israel through the use of non-recourse financing.
Platinum is lead by 4 major corporate values: quality and professionalism, Integrity, superior customer service and commercial & technology innovation.
Platinum's experienced management team has been involved in billions of shekels of financing transactions over the past decade.
Our services are based on years of experience, understanding and knowledge of the unique financial needs of SME's, using efficient, flexible & successful tools in-use by the international factoring arena.
Platinum Financing is lead by Avi Radin , CEO having extensive experience in managing companies in the credit cards funding and factoring .
Served for 5 years as the CEO of Yatzil Finance and 3 years as the CEO of Phoenix Platinum.
Our Services
Funding
Providing an advance of 85% towards the future payment, without recourse, except in the case of a "commercial dispute". This advance is provided in the relevant form of currency to avoid exchange additions.
Credit Insurance
Insuring the return of sale at the rate of up to 90%-100%, backed by leading local and international insurance companies.
Collecting
Collecting of invoices as part of the overall financial solution. This service is provided with the aim of relieving clients of this task, enabling them to invest their efforts towards business development.
Additional Services
Our added value services include
Invoice Management
Platinum Financing's specialized computerized system has been designed to manage commercial invoices for our clients, providing crucial information regarding debts as well as assisting in their control and supervision.
Our Products
Export Factoring
Export factoring is relevant in the event of commercial relations between an Israel-based manufacturer/supplier and an international buyer/debtor. Initial credibility has been established (Letter of Credit, CAD, Prepayment, etc.) and the transaction is in its advanced stages ("Open Account"). At this stage, Platinum Financing will purchase the debt without recourse (except in the case of a commercial dispute), guaranteeing the payment (90%), providing an advance (85%) and assisting with the collection process.
Local Factoring
Local factoring is relevant in the event of commercial relations between an Israeli manufacturer/supplier with a local customer/debtor. The sale is in an advanced stage of trust (Open Account). At this stage, Platinum Financing will purchase the invoice without recourse at the rate of 90% (except in the case of a commercial dispute), provide an advance (85%) and assist in collection. We will purchase invoices of up to 150 days of credit.
Supplier Finance
Platinum offers supplier financing solutions to large Israeli Companies. Our reverse factoring products allow large Israeli companies to offer their suppliers immediate cash payments for goods and services, rather than requiring credit terms.