World of Open Account (WOA) is an inclusive global Community of professionals and companies, engaged in open account receivables finance. WOA ’s mission is to be a networking, competence and innovation centre for its members.

Open account business – buy now, pay later – drives economic activity worldwide. It’s a key contributor to global growth. Finance specialists fund and protect this business with receivables finance solutions. Development Institutions, Regulators, Lawyers, IT Suppliers, Fintechs and Academics work with these suppliers to create a whole open account ecosystem. WOA is their professional community. Open & accessible for all. Collaboration-based. Digitally driven. Focused on innovation and knowledge.

WOA is an initiative of Erik Timmermans, globally recognized and awarded thought leader in Factoring and Receivables Finance. But most importantly, WOA is a Peer-to-Peer community where all participants can have their say, suggest new solutions, ideas or topics and participate in webinars and other business developing activities. WOA is governed by a Steering Panel, with support from a broad team of Advisors. Together, these groups comprise some of the best minds and most experienced people in the industry.

WOA information


  1. Press release launch WOA 10 December 2018

  2. WOA Presentation November 2018

  3. Press release WOA goes into second gear (4 Sep 2018)

  4. Press Release - WOA development phase (27 July 2018)

  5. WOA Press release 1 July 2018

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