Why we do
what we do
At Summar, we believe that funding your business’ growth should be fast and simple. We do this by understanding the challenges you face and offering:
- Transparent pricing
- No chargebacks
- Personalized service
We are a no-hassle funding company.
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.
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!
MBA graduate with more than 10 years of experience in factoring and international business.
Her passion and drive inspire everyone around her.
Luis M. Cabrera
Business Administration and Management graduate with more than 15 years of experience in freight factoring.
He will always be there for you.
Psychologist and Specialist in Strategic Management of Human Resources, with 15 years of experience in HR.
She is our rock – our calm place.
Chief Financial Officer
MBA and Master of Finance with more than 10 years of experience at C-level in financial, manufacturing and services companies. Engineering and Business Administration degree.
He makes superhard stuff look easy.
MBA graduate with 12 years of experience in marketing and communications.
She remembers everything and never misses a thing.
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.
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.
+1 million invoices processed I + 4 million all-time funded
A brief history of Summar
Summar is founded in Miami, Florida, as an international factoring company.
We reach our first $20 million in funded transactions.
we implement our nearshored back-office strategy by opening our office in Colombia.
Summar secured its first bank line of credit.
We launch our Freight Factoring portfolio under the name CashFactor.
We triple our funding credit line, streamline our operation department, and strengthen our team to grow faster.
Summar buys its Miami office building and grows its team by 45%.
we implement a new software tool that allows us to grow exponentially while giving better customer service.
we launch supply chain financing.
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.
We launch our 2-hour funding brand promise. Our Supply Chain Finance purchases grew 1000% since its launch in 2017.
We create Summar University for Sales, Customer Service, and Collections Teams.
We open our Texas office and strengthen our sales division.
We launch a new face, upgrading our corporate image.
We reach 1,000,000 invoices processed.
Alliances and affiliations
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