Factoring Express moves origination onto XEN platform

Factoring Express has launched on XEN to manage new client origination across transportation and general factoring. The shift gives the Florida-based factor a single intake and funding workflow as it looks to scale.

Why it matters: - Factoring Express now runs new client origination on one platform instead of split systems. - The change is designed to speed up funding and support growth across transportation and general factoring. - A simpler intake process can also improve the first touchpoint for prospective clients.

What happened: - XEN announced that Factoring Express has launched on the XEN platform. - Factoring Express is a Florida-based factor that offers same-day funding solutions. - The launch covers all new client origination. - The move unified transportation factoring and general factoring on XEN. - Before the launch last month, Factoring Express used a legacy system for transportation factoring deals and separate tools for general factoring.

The details: - Prospects now submit applications directly through the Factoring Express website. - The previous process relied on a lead form and a follow-up from the Factoring Express team. - XEN said the platform is being adapted to how Factoring Express operates. - Natan Krivorutskiy, CEO and co-founder of Factoring Express, said XEN listened to feedback, iterated quickly and built new capabilities based on early learnings. - Alexander Kayfetz-Gaum, senior vice president at XEN, said the streamlined intake process is meant to improve the client experience and better align the platform with Factoring Express workflows.

Between the lines: - The deal shows XEN positioning its platform as a configurable system rather than a one-size-fits-all product. - Factoring Express appears to be using the platform upgrade to remove friction in sales and onboarding while preparing for more volume. - The emphasis on rapid iteration suggests both companies are treating the rollout as an ongoing implementation, not a finished setup.

What's next: - XEN will continue fine-tuning the platform setup for Factoring Express. - Factoring Express plans to use the unified workflow to scale across all lines of business. - XEN says the platform is built to support sales, underwriting and operations for factors and commercial lenders. - More information is available on XEN's LinkedIn page.

The bottom line: - Factoring Express is betting that one integrated origination platform will help it fund clients faster and grow more efficiently.