Factor Secures $6 Million to Modernize Supply Chain's "First Mile" Payments Infrastructure

"Factor replaces PDFs, paper checks, and antiquated processes in a trillion-dollar market," said Darian Shirazi, General Partner at Gradient Ventures. With this new capital, the startup will accelerate growth throughout the supply chain with a focus on building out its new just-in-time inventory financing solution, and additional features for high-volume manufacturing customers. "Factors technology has enabled us to increase the quantity and quality of data we are capturing from our supply base, without placing extra burden on our suppliers. It has been a game changer for our ability to track and escalate exceptions, and build a lean and reliable supply operation," said Bryan Siegal, VP of Customer Success at , an autonomous material handling solutions provider. The fund focuses on helping founders navigate the challenges in developing new technology products, using the latest best practices in recruiting, marketing, design, and engineering so that great ideas can come to life.