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A factoring as a service platform for businesses.
Your account is housed with a banking partner of your choice.
Trade on Favourable Payment Terms
With a Tailored Factoring Account
One Account With Amazing Benefits
Our Impact
We enable you to earn more, reduce your expenses, and improve your cashflow.
Covered Countries
6
+
Business Accounts
1000
+
Facilitated Trade
$
30
M+
Factored Volumes
$
20
M+
Come On, Open Your Account Today!
You deserve a long term partner that cares about your growth.
Personal
Ugx
1000
/mo
-
For farmers, sole traders, freelancers and employees.
Company
ugx
10000
/mo
-
For cooperatives, partnerships and companies.
Designed to help you serve your customers.
Use us to trade on favorable terms.
Frequently Asked Questions
It’s our pleasure to answer any questions you have
Why should I open a Patasente Account?
It is simply the better way to trade. If you are a buyer that needs a consistent supply of product or a producer seeking to sell to buyers at better payment terms, this is your account.
Is my account secure?
Absolutely! We have a data protection and privacy policy in place. We employ international enterprise grade security that requires your own authentication for all transactions off your account. All your data is encrypted in cloud storage with a requirement for self authorization for data sharing.
How do I open a Patasente Account?
You sign up via our web or by downloading our Android or IOS Apps. You select whether you want an Individual Account or a Business Account. You upload the required KYC - National IDS or Passports for Individuals and Company Documents - Incorporation Certificate, Trade License, Address, Directors, and the related documents. Once verified, your account will be available for you to use.
How is it related to my bank account?
Your Patasente Account can be a bank account if you elect to house it with one of our banking partners. If you elect to house it with a bank partner, your documents are forwarded to the bank, who creates for you a current account in the bank you access via Patasente.
How do I get early payments?
You initiate or digitize an invoice from your account to the buyers account for buyers who have Patasente Accounts. You request for an early payment against any approved invoice. You will then receive the early payment in your Patasente account. Transact normally from that account.
How do I extend payment terms for my suppliers?
You apply for a reverse factoring credit line from Patasente. Once offered, you can make payments against supplier invoices using your credit payables account at either your or supplier's cost. The account will indicate the outstanding balances at any given time. When due, simply refund your account.
Can I set up approval levels to my account?
Yes You Can. You can set up signatories or administrators on your account that approve everything from invoices to payments from suppliers. The system provides credentials to you for those particular accounts.
Can I pay bills?
Yes You Can. Simply login into your account, access your Wallet Section and Select Pay Bills. You can buy airtime, data, electricity, URA taxes etc. You can also pay other supplier bills by simply clicking on Pay Invoices.