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DIGITALIZING FACTORING SERVICES

DIGITALIZING FACTORING SERVICES

In partnership with FtF IAM, Patasente has applied its digital factoring system to purchase daily receivables from milk buyers and provide advances to dairy aggregators and traders in Southwestern Uganda. As a result of the success of this model, Patasante is now replicating the model in coffee in Eastern Uganda. They are currently working with Central Coffee Farmers Association (CECOFA) and are also in negotiation with buyers like Kyagalanya coffee Limited and Olam Uganda Limited. Patasente seeks to extend factoring services to local primary coffee processors who meet the market standards for Fair Average Quality (FAQ) coffee to buyers. This follows Patasante raising additional factoring funds, up to $1 million. Patasante is now in early discussions with FtF Strategic Investment Activity (SIA).

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