Bibby Financial Services provided Espro with a $400,000 invoice factoring facility, wherein Espro sold the financial services company all of its invoices. This allowed Espro not only to cast a wider net in distribution of its flagship product, the ESPRO Press, but also to focus its efforts on introducing a number of new products to the market.
Additionally, as most of Espro’s customers are U.S. retailers, Bibby Financial Services’s global footprint was vital to Espro. Espro’s U.S. customers sent payment to BFS’s U.S. office, while the company managed the relationship with Espro from its Canadian office. This allowed Espro to access payments faster, as BFS was able to transfer money internally, rather than waiting for the money to be processed through the International Monetary System.