IFCT is one of the leading Russian factoring companies. It started operations in 2006, and since then has grown rapidly. Over the course of 2007, IFCT doubled in size in terms of monthly turnover (to RUR1.9 billion) and number of active customers (to about 570). IFCT's client base is well-diversified geographically and by industry. As of July 1, 2007, IFCT ranked fifth among the top factoring companies in Russia by turnover, with a 4% market share, and fourth by number of customers with an 11% market share