Factor smarter and save thousands
We made factoring smarter so you’re only charged when you spend.
What is smart factoring?
Get a rate that improves every day
Make purchases with 0% factoring
Calculate your savings with Outgo
Save up to $0 with Outgo
When you join Outgo, you get to select between the Base plan and Plus plan. Our Plus plan features Smart Factoring to help you save more.
For Plus users, the closer you are to the due date of an Unpaid Invoice, the less you pay to factor cash from it.
Your factoring rates are daily, rather than a traditional monthly rate factoring companies typically charge. This means your rate lowers the closer you are to the due date of an Unpaid Invoice.
Let’s say Invoice A is due in 15 days and Invoice B is due in 30 days. Invoice A’s rate is 1.5% while Invoice B’s rate is 2%. If you make an ACH transfer or wire transfer and your checking account is at $0, we’ll automatically factor from Invoice A, because it has the better rate. If you were to make that purchase on your Outgo Card, we’ll automatically factor from Invoice A – and you won’t be charged a thing.
Our technology is built to help you save money in places traditional factoring companies can’t.
A typical factoring company enforces a 30-day fixed factoring rate, whereas we built delayed factoring into our factoring foundation. This enables us to offer a daily factoring rate instead of the monthly factoring rate that is more common in the industry.
We use interchange on card transactions to offset your cost of factoring so you don’t pay any factoring fees on the Outgo Card.
Any purchase made for your business with the Outgo Card can be factored at a 0% rate as long as you are an Outgo Plus customer.
Use it on purchases like food and lodging, vehicle maintenance, insurance, loan or lease payments, supplies, and items or services that help you deliver. Outgo Base customers can also factor on card purchases and access funds instantly, at a 1.5% rate.