No chargerbacks
Transparent pricing
Personalized service

At Summar

we believe that funding your business’ growth should be fast and simple. We do this by understanding the challenges you face.

We are a no-hassle funding company.

Our numbers

+20 years

+5000

Clients served

+20 years

Experience

$1 billion

Financed/year

alvaro-otoya

Álvaro José Otoya

President and Founder.

Specialist in Economics and expert in credit analysis, financial management, factoring, and capital increase. Always on the move. An intuitive, great leader.

Meet our leaders

Álvaro José Otoya

President and Founder.

Specialist in Economics and expert in credit analysis, financial management, factoring, and capital increase. Always on the move. An intuitive, great leader.

Ivan Martinez

VP of Sales and Business Development.

Deep experience helping national and international companies grow with customized factoring and supply chain finance solutions. He is pure energy. His positivism is contagious!

Luis M. Cabrera

Vice President of Strategic Alliances

Business Administration and Management graduate with more than 15 years of experience in freight factoring. He will always be there for you.

Luis Gabriel Segura

Sales Director for General and International Factoring

Over 30 years of experience in the financial sector. He is passionate about working with entrepreneurs and small & medium size companies. He sees the good in everything.

David Gómez

Chief Financial Officer

MBA and Master of Finance with more than 15 years of experience at C-level in financial, manufacturing and services companies. Engineering and Business Administration degree. He makes superhard stuff look easy.

Jennifer Casas

Operations Director

MBA graduate with more than 10 years of experience in factoring and international business. Her passion and drive inspire everyone around her.

Lucía Baquero

HR Director

Psychologist and Specialist in Strategic Management of Human Resources, with 15 years of experience in HR. She is our rock – our calm place.

Martha Hernández

Marketing Director

MBA graduate with 12 years of experience in marketing and communications. She remembers everything and never misses a thing.

Yobany Espitia

Vice President of Operations

Industrial engineer, finance and production specialist, MBA & M. Sc. in Innovation. +12 years leading financial operations teams. He has the best remarks in any conversation.

Jorge Hernández

Chief Innovation Officer

Electronic Engineer passionate about data with more than 20 years of experience in customer-facing operational innovation. He is as modest as he is insightful.

Milestones

A brief history of Summar

2004
Summar is founded in Miami, Florida, as an international factoring company.
2006
We reach our first $20 million in funded transactions.
2009
we implement our nearshored back-office strategy by opening our office in Colombia.
2010
Summar secured its first bank line of credit.
2011
We launch our Freight Factoring portfolio under the name CashFactor.
2013
We triple our funding credit line, streamline our operation department, and strengthen our team to grow faster.
2014
Summar buys its Miami office building and grows its team by 45%.
2015
we implement a new software tool that allows us to grow exponentially while giving better customer service.
2016
we launch supply chain financing.
2017
Summar joins Scaling-Up, a Gazelles Growth Institute program to help small businesses expand and grow. We consolidate our brands (Summar and CashFactor) in one: Summar.
2018
We launch our 2-hour funding brand promise. Our Supply Chain Finance purchases grew 1000% since its launch in 2017.
2019
We create Summar University for Sales, Customer Service, and Collections Teams.
2020
We open our Texas office and strengthen our sales division. We launch a new face, upgrading our corporate image.
2021
We reach 1,000,000 invoices processed.
2024
We successfuly relauch our Payroll Funding solutions.

Alliances and affiliations

We work at both local and international levels.

We can help you achieve your goals and milestones today.