ÌÇÐÄÆƽâ°æ

This statistic shows the total factoring volume in Luxembourg from 2007 to 2019 (in million euros). Factoring is a transaction in which a business sells its accounts receivable (also known as invoices), to a third-party financial company (called a factor). The factor then collects payment on those invoices from the business’s customers. The main reason that companies choose to factor is that they want to receive cash quickly, so they can meet their immediate cash needs, rather than waiting the ** to ** days it often takes for customers to pay their bills.

In 2019, the total factoring volume in Luxembourg reached *** million euros. Factoring is less common in Luxembourg than, for example, in Belgium. In 2017, the total market volume of online alternative finance platforms in Belgium reached a value of approximately ** million euros.