More recently, see the development of reverse factoring, where the customer initiates financing for its purchases from its suppliers. It's dangerous, as you can

More recently, see the development of reverse factoring, where the customer initiates financing for its purchases from its suppliers. It's dangerous, as you can imagine; if the customer can't pay for its invoices, instead of being indebted to a supplier, they are in default to their creditor. See Greensill, a $1.5bn-from-Softbank startup that is involved in several recent crises among its creditors in the UK (see https://www.ft.com/content/d5a5951f-bab8-4ea8-b0d7-2b70455c9ed5 https://www.ft.com/content/d5a5951f-bab8-4ea8-b0d7-2b70455c9..., and for a more indepth explanation of what reverse factoring is (with jokes also), see https://www.podbean.com/media/share/pb-iyz8z-e06e88 https://www.podbean.com/media/share/pb-iyz8z-e06e88)