Housing Bank has launched Jordan's first Supply Chain Finance - Reverse Factoring program for commercial invoices, through the digital integration of its trade finance system with Credit Plus - the first digital platform specialised in supply chain finance in Jordan.
The program enables small and medium enterprises to access innovative, sustainable financing at a lower cost than traditional methods, while safeguarding supply chain continuity and the flow of goods and services.
Closing the SME financing gap
The initiative reflects the bank's commitment to a more sustainable and inclusive business environment by removing barriers and bridging the financing gap for small suppliers and SMEs.
Through the platform, supplier SMEs can collect sales-invoice receivables early and at a lower financing cost based on confirmed transactions and the buyer credit standing.
Credit Plus is an award-winning fintech company supported by leading institutions including JOPACC, Qatar FinTech Hub, and GIZ.