A blog post over at IFG Network has got me thinking now about the history of invoice factoring. According to the author, invoice factoring can be traced back as far as ancient Mesopotamia during the rule of a King Hammurabi. Unfortunately, the author does not elaborate and the next thing you know we are reading about the practice of invoice factoring in the early American colonies.
It is obvious that factoring invoices, or at least the concept behind the practice, has been around for centuries. Now I’ll have to do a little digging and come up with a more detailed overview of the long history of leveraging receivables in the form of factoring.
Sounds fascinating, doesn’t it?
