In this article, we will look into the 5 biggest factoring companies in the US. If you want to read our detailed analysis you can go directly to the 20 Biggest Factoring Companies in the US.
5. Citigroup Inc. (NYSE:C)
Market Cap as of December 7: $91.59 billion
Citigroup Inc. (NYSE:C) is a leading financial services and banking company in the US. Citigroup Inc. (NYSE:C) offers an innovative range of receivable financing and factoring services to businesses. As of December 7, Citigroup Inc. (NYSE:C) has a market cap of $91.59 billion. It is ranked 5th on our list of the biggest factoring companies in the US.
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4. American Express Company (NYSE:AXP)
Market Cap as of December 7: $122.07 billion
American Express Company (NYSE:AXP) is an American banking holding company, specializing in charge and credit cards, business services, factoring services, and insurance. American Express Company (NYSE:AXP) offers factoring services to freight and transportation companies. Its factoring products include a mobile app, a proprietary load board service, and a fuel card. As of December 7, American Express Company (NYSE:AXP) boasts a market cap of $122.07 billion.
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3. Intuit Inc. (NASDAQ:INTU)
Market Cap as of December 7: $158.50 billion
Intuit Inc. (NASDAQ:INTU) is a business software company, headquartered in California. Intuit Inc. (NASDAQ:INTU) has an accounting software platform, Quickbook, that records sales transactions and utilizes factoring to convert open invoices into real cash. As of December 7, Intuit Inc. (NASDAQ:INTU) has a market cap of $158.50 billion.
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2. Wells Fargo & Company (NYSE:WFC)
Market Cap as of December 7: $161.60 billion
Wells Fargo & Company (NYSE:WFC) is an American financial services company, headquartered in San Francisco, California. Wells Fargo & Company (NYSE:WFC) is a prominent name in the factoring market, providing comprehensive receivables and trade finance solutions. It is ranked 2nd on our list with a market cap of $161.60 billion, as of December 7.
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1. JPMorgan Chase & Co. (NYSE:JPM)
JPMorgan Chase & Co. (NYSE:JPM) tops our list of the biggest factoring companies in the US. JPMorgan Chase & Co. (NYSE:JPM) offers a range of services including working capital management, lending, and factoring services. As of December 7, JPMorgan Chase & Co. (NYSE:JPM) has a market cap of $451.89 billion.
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