Aztec Exchange, a global supplier of invoice finance products and services, today announced the launch in Spain of its early payment solution ePayMe (payme.cloud/es/) through Grupo SERES, reaching their 6,000 SME clients. With this partnership, Aztec continues to grow its position among European SMEs seeking early payment – a nearly €1.6 trillion market.ⁱ

ePayMe takes traditional early payment services like factoring and turns it on its head. Typically issuing payment within 24 hours, ePayMe offers complete transparency, so there are no hidden costs or interest charges, and suppliers only pay minimal fees. Additionally, a supplier can sell as many invoices as it wants, provided the corporate debtors are creditworthy, and there are no long-term contracts.

"Demand for early payment solutions in Spain is among the highest in all of Europe, and we look forward to working with Grupo SERES to deliver ePayMe to SMEs throughout the region," said Aztec CEO Edwin Hagan-Emmin. "With ePayMe, SMEs have access to a flexible, cost-effective early payment service that can quickly get them the money they need to improve their working capital and grow their business. Because it's all done online, a business owner can request their money at any time via any Internet-connected device."

"ePayMe is exactly the kind of early payment service our customers are looking for. In a market where quick access to working capital can mean all the difference for an SME trying to grow and thrive, Aztec delivers a solution that makes sense and is cost-effective, and it is automatically implemented through our electronic invoice service," said Alberto Redondo, Marketing Manager Iberia & Latam Grupo SERES.

This move marks the latest expansion for Aztec and ePayMe. Aztec introduced PayMe (as it's known outside of Latin America and Spain) in May 2016 with Ireland-based Celtrino and their 4,000 SME customers. The company expects to announce sizable additional partnerships with a global customer base in the days ahead.