Since 1988, Merchant Factors have grown from strength to strength and today pride themselves on providing innovative and flexible working capital solutions to a vast array of clients spread across numerous industries. Now in 2016, on their 28th anniversary the Merchant Factors family can revel in the success of the company and its elite status within the finance fraternity.
The founder and visionary of the company, Johnny Philippou, has cultivated a corporate culture of trust, integrity and confidentiality throughout the years, as well as encouraged entrepreneurial and flexible thinking. By hand-picking the Merchant Factors team, he has maintained a commendable level of energy and enthusiasm which ensures their clients achieve consistent and excellent levels of service.
With combined experience exceeding 150 years, it is not unexpected that they are leaders in the Factoring and Trade Finance industry. As a founding member of The Banking Association of South Africa’s Debtor Finance Committee, it is evident that they are truly dedicated to the businesses and organisations utilising this type of financing.
Merchant Factors, being the only truly independent institution of its kind, fall in a league of their own and set themselves apart from competitors by ensuring the fastest turn-around time, from application to pay-out, in the industry.
Their success has not been without its challenges but it is their company dynamics and efficient service culture which have assisted them on the climb to the top. Each application is assessed according to the quality of the debtors’ book and future prospects of the applicant, instead of the often rigid methods used by certain other finance houses and this has allowed Merchant Factors to acquaint themselves thoroughly with each current client, ensuring an open and personal business relationship.
Merchant Factors’ services have contributed to the growth and success of countless companies and their current client list is both impressive and constantly expanding. The growing company is continually being moulded by Johnny and his team and all eyes are on Merchant Factors to see what the next 28 years will bring!