October 20, 2020
FACTORY AGENT, a subsidiary of JTEKT, which provides matching services for parts machining, announced on October 6, 2020 that it will launch a service useful for raising funds in the manufacturing industry. FACTORY AGENT provides service in partnership with MF KESSAI, which supports payment operations.
There are two types of new services. The first service is that the parts manufactures can receive the payment on the day when it delivers the parts to the customers. The second service is that MF KESSAI buys accounts receivable from the parts manufactures so that they can quickly monetize.
FACTORY AGENT aims to help companies suffering from cash shortage with the spread of the COVID-19.