Decimal Factor Inc. - Company Research Report

Company Overview

Name: Decimal Factor Inc.

Mission: Decimal Factor is dedicated to providing responsible funding solutions to small and medium-sized enterprises (SMEs) around the world. They focus on technology-driven financial services to empower entrepreneurial endeavors.

Founding Information: No information is available on the founding date and founders.

Key People: No information is available on key people within the company.

Headquarters:
1330 6th Ave Suite 23A, 23rd Floor
New York, NY 10019
United States

Number of Employees: No information is available.

Revenue: No information is available.

What the Company is Known For: Decimal Factor is known for providing alternative funding solutions to conventional business loans, assisting in the acquisition of working capital without relying on traditional banking systems.

Products and Services

Products

1. Business Funding

• Description: Decimal Factor offers an innovative funding product aimed at businesses that accept debit/credit cards. This product enables businesses to raise working capital by purchasing an agreed percentage of future card sales.

• Key Features:

• Up to $500,000 funding

• 90% approval rate

• No application fees

• No fixed payments

• Quick funding process within 7 days

• Flexible repayments via a percentage of daily card sales

2. Merchant Services

• Description: The company provides merchant services that offer complete card processing capabilities, allowing businesses to accept card payments from customers.

• Key Features:

• Secure card processing with competitive rates

• High-quality card terminals for retail and online transactions

• Support for processing in 52 currencies with 3D Secure protection

• Fast service and free terminal software upgrades

Recent Developments

1. New Products Launched: No information is available on newly launched products.

2. New Features Added to Existing Products: No information on new features added to existing products.

3. Partnerships:

• Decimal Factor is associated with First American Payment Systems, L.P., providing a range of services including secure card processing and merchant services.

• Sponsoring bank for these services is Fifth Third Bank, Cincinnati, OH, a member of FDIC.

4. Other Developments:

• The company is focused on adapting to the lending landscape influenced by the economic climate due to COVID-19, particularly in the UK. They assist clients through alternative lending routes such as the Bounce Back Loan Scheme (BBLS) and the Coronavirus Business Interruption Loan Scheme (CBILS).

• They are active in providing supplementary funding for businesses that have reached ceilings with existing government schemes by partnering with non-CBILS lenders.

Contact Information

• Email: info@decimalfactor.com

• Phone: 1-800-646-7166

Conclusion

Decimal Factor Inc. emphasizes providing financial flexibility through innovative funding solutions and comprehensive payment processing services. While limited information is available on overall company operations and key figures, their market strategies focus on filling the gaps in conventional financing for small and medium business owners both within the United States and globally.