Mesfix

ESP

ENG

We moved! From december 10th of 2018, you can find us in Bogotá at: carrera 16#93-11, 8th floor. Contact us at: 312 351 3132 - 312 350 1884.

Everything you need to know to start financing or investing in a smarter way

What is Mesfix?

We’re a crowdfactoring, tech platform that connects companies with receivables and in need of a better cashflow, with a community of people interested in investing in these receivables.

To improve their cashflow in the short term, companies upload their receivables to our platform and auction them. Our community of investors bids for a part or the whole value of the receivable, and the lowest APR wins the auction. This develops a win-win relationship between the company selling the receivable and the investors: the former gets cash for their receivables, and the latter a return on their investment.

At Mesfix we never touch the money, all transactions go through the payment gateway PayU which mitigates the moral risk of money collection, and provides transparency to the process.

How do you guarantee there’s no money collection?

All money moves from the investors´ bank account to the company selling the receivable’s bank account. When the operation finishes and the client owing the receivable pays, the money goes from their bank account to the seller’s bank account and the investors’ bank account. We can do this disbursement thanks to our special commercial alliance with PayU.

This means that there’s no point in the operation where money goes through a Mesfix bank account, guaranteeing the non-existence of money collection.

Is there a verification process for the sellers of the receivables and the investors?

Yes, in order to invest on the platform, we require the documents for us to do a LAFT analysis. Additionally, we research every investor in the Office of the Attorney General, Office of the Comptroller, United Nations and OFAC.

Finally, all transactions require all participants to have a bank account in order to invest, hence we also rely on the SARLAFT filters that banking institutions apply.

Who is responsable for the payment follow-up and collection?

Throughout the operation, Mesfix handles the payment follow-up and reminders internally. Receivables that have not been paid by the stipulated date, begin a prejudicial process in which we rely on our legal firm ally.

Once all prejudicial options run out, a judicial process is started by our legal firm ally. This is all done automatically and does not represent an extra cost to investors.

Is Mesfix Regulated?

Mesfix is ​​subject to the inspection that concerns the Superintendencia de Sociedades. The Superintendencia Financiera doesn’t regulate Mesfix because our company only acts as an intermediary for the negotiation of receivables without touching money in the process.

From which amount can I invest?

The mínimum amount you can invest depends on the APR at which it’s currently traded on the platform, the length to the payment date, and the receivable’s value.

However, a good approximation for a minimum is USD 300.

What costs are associated to my investment?

Your investment has an electronic transaction cost (an ACH transfer fee and a PSE button), a service offered by PayU. This fixed cost affects your net return.

You need to consider Mesfix brokerage fee which doesn’t affect the shown return, as it’s already been calculated and discounted.

Click here to simulate your investment and explore associated costs

Once the receivable is paid, how do I receive my return?

Your investment and return is disfributed through PayU when the client owing the receivable pays. Money is transferred to the bank account you registered when creating your account.

Which mecanisms are there in place to secure my investment?

Although there are intrinsic risks associated to every investment, we’ve implemented several mecanisms to reduce them:

  • Before publishing a receivable on our market, there’s a commercial relationship study between the seller and payer of the receivable. This allows us to analyze how constant and complex this relationship is.

  • We offer multiple receivable auctions with different sellers and payers, which allows you as an investor diversify your investment by participating in different auctions.

  • We have three sources of payment to reduce the risk of default: 1. The payer of the receivable. 2. The seller of the receivable, who signs an endorsement with responsibility. 3. The legal representative/majority shareholder of the seller company, who endorses the operation.

  • We have an alliance with a legal firm who can proceed with prejudicial and legal collection processes in case there’s a delay in the payment of the receivable.

Is Mesfix a pyramid?

No, we’re different than a pyramid scheme as Mesfix as the foundations of return for the investors is the discount of the receivable itself, and not the registration of new members on the platform.

Each operation is backed by a receivable which is a unique and unrepeatable security, endorsed in ownership with responsibility to the beneficiaries of each auction. Consequently, each receivable auctioned is independent of the rest, so the risk is focused.

Additionally, Mesfix doesn’t participate in massive money collection. Each of the offers from the investors goes directly to the bank account of the company selling the receivable and then, when the payer makes the payment, the investors receive their return directly into their bank accounts. We never touch the money as the dispersion goes through the payment gateway PayU. This way we reduce moral risk and improve process transparency.

Is there a way to cancel an auction after opening it?

One published, an auction can be canceled by the seller of the receivable, as long as there aren’t bids from investors and the full amount of the receivable hasn’t been offered. However, after an auction is closed, it cannot be canceled as investors will being paying their offers.

Why is an endorsement needed to sell a receivable?

The endorsement process is a signature on a security and indicates the transfer of ownership of the security, in this case, towards the investors.

This endorsement means that the company paying the receivable no longer owes money to the seller, but needs to pay through a PSE link to transfer the money to all participating investors.

The notification to the payer of the invoice requires an acceptance document stating that there is no claim on the invoice, that the goods and / or services were delivered, that all applicable withholdings and / or discounts are declared, which establishes the payment date estimated by the debtor and accepts the payment method, contracted by the investors, proposed by PayU.

Can an auction be closed for a partial value?

Yes, the selling company can close the auction before funding 100% of the value. It all depends on their cashflow needs.

What happens if the payer doesn’t pay the receivable on time?

If the paying company does not make the payment on the indicated date, we initiate a prejudicial collection process, giving notice of this procedure to the participants in the transaction.

If the delay continues and there is no willingness to pay, a legal process is started. Interest is still being caused to investors for as long as they do not receive payment at a late payment rate.

Mesfix

What is Mesfix?

We’re a crowdfactoring, tech platform that connects companies with receivables and in need of a better cashflow, with a community of people interested in investing in these receivables.

To improve their cashflow in the short term, companies upload their receivables to our platform and auction them. Our community of investors bids for a part or the whole value of the receivable, and the lowest APR wins the auction. This develops a win-win relationship between the company selling the receivable and the investors: the former gets cash for their receivables, and the latter a return on their investment.

At Mesfix we never touch the money, all transactions go through the payment gateway PayU which mitigates the moral risk of money collection, and provides transparency to the process.

How do you guarantee there’s no money collection?

All money moves from the investors´ bank account to the company selling the receivable’s bank account. When the operation finishes and the client owing the receivable pays, the money goes from their bank account to the seller’s bank account and the investors’ bank account. We can do this disbursement thanks to our special commercial alliance with PayU.

This means that there’s no point in the operation where money goes through a Mesfix bank account, guaranteeing the non-existence of money collection.

Is there a verification process for the sellers of the receivables and the investors?

Yes, in order to invest on the platform, we require the documents for us to do a LAFT analysis. Additionally, we research every investor in the Office of the Attorney General, Office of the Comptroller, United Nations and OFAC.

Finally, all transactions require all participants to have a bank account in order to invest, hence we also rely on the SARLAFT filters that banking institutions apply.

Who is responsable for the payment follow-up and collection?

Throughout the operation, Mesfix handles the payment follow-up and reminders internally. Receivables that have not been paid by the stipulated date, begin a prejudicial process in which we rely on our legal firm ally.

Once all prejudicial options run out, a judicial process is started by our legal firm ally. This is all done automatically and does not represent an extra cost to investors.

Is Mesfix Regulated?

Mesfix is ​​subject to the inspection that concerns the Superintendencia de Sociedades. The Superintendencia Financiera doesn’t regulate Mesfix because our company only acts as an intermediary for the negotiation of receivables without touching money in the process.

Investors

From which amount can I invest?

The mínimum amount you can invest depends on the APR at which it’s currently traded on the platform, the length to the payment date, and the receivable’s value.

However, a good approximation for a minimum is USD 300.

What costs are associated to my investment?

Your investment has an electronic transaction cost (an ACH transfer fee and a PSE button), a service offered by PayU. This fixed cost affects your net return.

You need to consider Mesfix brokerage fee which doesn’t affect the shown return, as it’s already been calculated and discounted.

Click here to simulate your investment and explore associated costs.

Once the receivable is paid, how do I receive my return?

Your investment and return is disfributed through PayU when the client owing the receivable pays. Money is transferred to the bank account you registered when creating your account.

Which mecanisms are there in place to secure my investment?

Although there are intrinsic risks associated to every investment, we’ve implemented several mecanisms to reduce them:

  • Before publishing a receivable on our market, there’s a commercial relationship study between the seller and payer of the receivable. This allows us to analyze how constant and complex this relationship is.

  • We offer multiple receivable auctions with different sellers and payers, which allows you as an investor diversify your investment by participating in different auctions.

  • We have three sources of payment to reduce the risk of default: 1. The payer of the receivable. 2. The seller of the receivable, who signs an endorsement with responsibility. 3. The legal representative/majority shareholder of the seller company, who endorses the operation.

  • We have an alliance with a legal firm who can proceed with prejudicial and legal collection processes in case there’s a delay in the payment of the receivable.

Is Mesfix a pyramid?

No, we’re different than a pyramid scheme as Mesfix as the foundations of return for the investors is the discount of the receivable itself, and not the registration of new members on the platform.

Each operation is backed by a receivable which is a unique and unrepeatable security, endorsed in ownership with responsibility to the beneficiaries of each auction. Consequently, each receivable auctioned is independent of the rest, so the risk is focused.

Additionally, Mesfix doesn’t participate in massive money collection. Each of the offers from the investors goes directly to the bank account of the company selling the receivable and then, when the payer makes the payment, the investors receive their return directly into their bank accounts. We never touch the money as the dispersion goes through the payment gateway PayU. This way we reduce moral risk and improve process transparency.

Sellers

Is there a way to cancel an auction after opening it?

One published, an auction can be canceled by the seller of the receivable, as long as there aren’t bids from investors and the full amount of the receivable hasn’t been offered. However, after an auction is closed, it cannot be canceled as investors will being paying their offers.

Why is an endorsement needed to sell a receivable?

The endorsement process is a signature on a security and indicates the transfer of ownership of the security, in this case, towards the investors.

This endorsement means that the company paying the receivable no longer owes money to the seller, but needs to pay through a PSE link to transfer the money to all participating investors.

The notification to the payer of the invoice requires an acceptance document stating that there is no claim on the invoice, that the goods and / or services were delivered, that all applicable withholdings and / or discounts are declared, which establishes the payment date estimated by the debtor and accepts the payment method, contracted by the investors, proposed by PayU.

Can an auction be closed for a partial value?

Yes, the selling company can close the auction before funding 100% of the value. It all depends on their cashflow needs.

What happens if the payer doesn’t pay the receivable on time?

If the paying company does not make the payment on the indicated date, we initiate a prejudicial collection process, giving notice of this procedure to the participants in the transaction.

If the delay continues and there is no willingness to pay, a legal process is started. Interest is still being caused to investors for as long as they do not receive payment at a late payment rate.

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