Change in Sectors We Serve
Defacto is, in principle, open to all sectors of the economy. However, the working capital needs of certain industries are highly specific and do not yet allow for the instant and fully automated approach we strive to offer.
As a result, we do not currently provide working capital financing services to the sectors listed below (including, in particular, sub-sectors of construction and renovation, real estate sales, car dealerships, and financial services and insurance).
Existing customers in these sectors will still have access to their Defacto account in order to manage and repay any outstanding loans, and to access loan contracts for accounting purposes.
The list of sectors concerned by NACE code:
Code | Description |
38 | Waste collection, treatment and disposal activities |
41 (and all its subdivisions) | Construction of buildings |
42 (and all its subdivisions) | Civil engineering |
43 (and all its subdivisions) | Specialized construction activities |
45 (and all its subdivisions) | Wholesale and retail trade and repair of motor vehicles and motorcycles |
49 (and all its subdivisions) | Land transport and transport via pipelines |
52.24 | Handling |
52.29 | Other transportation support activities |
56.10 | Restaurants and mobile food service activities |
64.20 | Activities of holding companies |
66.19 | Other activities auxiliary to financial services, except insurance and pension funding |
66.22 | Activities of insurance agents and brokers |
66.30 | Fund management activities |
68 (and all its subdivisions) | Real estate activities |
70.10 | Activities of head offices |
77.11 | Rental and leasing of motor vehicles and passenger cars |
Sectors we do not serve for ethical reasons
We do not serve certain sectors due to inherent risks and regulatory requirements related to anti-money laundering and counter-terrorism financing (AML/CFT).
As a responsible business, we are committed to maintaining the highest standards of integrity and transparency in all our operations.
Here is the list of sectors ineligible for Defacto financing:
Related to weapon and arms
24.46 - Processing of nuclear fuel
Related to wholesale and manufacturing of tobacco
46.35 - Wholesale of tobacco products
12.00 - Manufacture of tobacco products
01.15 - Growing of tobacco
Related to fossiles fuels and carbonized energy
06.20 - Extraction of natural gas
06.10 - Extraction of crude petrole
19.20 - Manufacture of refined petroleum products
14.20 - Manufacture of articles of fur