According to data from the Spanish Factoring Association, the sector continues to consolidate its growth in our country, exceeding a turnover of 270,000 million euros in 2023. This means that the equivalent of more than 18% of Spanish GDP is transferred and managed through these operations.

Spain is the fifth European country with the highest turnover in the sector, something that is even more relevant if we take into account that Europe accounts for 62% of the world’s factoring.

Below we can see the evolution of the industry in our country during the last 6 years:

Factoring grew by almost 5% in 2023, exceeding €133 .75 billion, with non-recourse factoring being much more predominant, growing by almost 6% in the last year.

Confirming increased by 7.4% in 2023, exceeding €136.5 billion in activity and representing 50.5% of the total.

As for the sectors of activity, we can highlight the manufacturing industry and commerce, which account for 50% of total activity (as was the case in previous years). With regard to the distribution of assignments by autonomous region, five regions account for 79% of total activity: Madrid, Catalonia, Valencia, the Basque Country and Andalusia.

Inblock Project

The AEF, with the collaboration of the Tax Agency, plans to launch its Inblock platform by the end of this 2024, which will use Blockchain technology to simplify processes and reduce the documentary burden currently required of SMEs. Thanks to this project, a greater number of companies will be able to take advantage of Factoring and Confirming services in a more optimal way. This platform will be open to all companies that wish to use it, whether or not they are members of the organization.

New web page

In addition, the association, which includes almost all of the specialized institutions, has just launched a new website and the intranet has been developed by alvantia to facilitate the procedures carried out by its members.