Héctor de la Garza

CEO of e Factor Network View Website
Mexico

Profile

As the world economy grows, the global supply chain and the resulting relationships between suppliers, buyers, and financial institutions becomes more complicated. Because of this complexity, there exists an opportunity for a financing solution known as reverse factoring. Through this process, also known as supply chain financing (SFC), companies can provide liquidity to their suppliers, thus encouraging sustainability and better financing opportunities for those within their supply chain. eFactor accomplishes just this, offering a platform for the parties to manage their factoring needs with multiple currencies and banking institutions. Having already facilitated $3.2B in value through its platform, the eFactor network (EFN) is poised for international expansion and growth.

Héctor de la Garza learned from a young age the value of entrepreneurship, as he sold inventory from his father’s store door to door in Monterrey. While studying economics at ITESM, he sold cars, and later, while living in Spain during a post-grad fellowship, he obtained capital to sell Mexican food imports to restaurants in the country. Having obtained an MBA from ITESM in Monterrey, he decided to apply his talents towards the banking industry, first working for Banorte, then SNC and Bancomext, and eventually Banco Afirme where he was the Director of New Business. It was from this position he resigned in 2008 to found eFactor network.

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