News
Automated, Scalable SME Funding Now Possible Thanks to New Platform from Fintech Factris
Major changes for Factris’ platform include same-day payments, streamlined onboarding, and fraud prevention for European SMEs Automation and AI features enable adaptations to local languages, currencies, and regulations The new platform is a key component to Factris’...
Invoice factoring: What is it, and how does it work?
In today's fast-paced business world, maintaining cash flow is more critical than ever. One innovative solution for this is invoice factoring, a financial tool that allows businesses to manage their cash flow more effectively. But what exactly is invoice factoring,...
How do you improve cash flow?
Optimizing cash flow is crucial to keeping a business healthy. Good cash flow ensures that a business has sufficient cash to meet its financial obligations and invest in growth. Here are seven essential tips to improve your cash flow and ensure the financial...
Recognizing and solving cash flow problems
Healthy cash flow is essential to the success of any business. It allows you to pay bills, make investments and grow. But cash flow problems can occur quickly and, if not addressed in time, can have serious consequences for your business operations. In this blog, we...
What industries is factoring suitable for?
In the world of business, companies are constantly looking for methods to increase their financial flexibility and optimize their working capital. One of the tools increasingly used to achieve these goals is factoring. Factoring is a financial service in which a...
Payment reminder: how to make and when to send it?
Following up on outstanding invoices is essential for any company's healthy working capital and cash flow. An effective way to do this is to send payment reminders to customers who are behind on their payments. In this blog, we will discuss how to draft a payment...
What is DSO and how do you calculate it?
When you are managing your finances as an entrepreneur, you often come across terms that are crucial to understanding the health of your business. One such term is 'DSO,' which stands for 'Days Sales Outstanding,' or the average day's sales in outstanding accounts...
What is an invoice and what are the requirements?
Invoicing is an essential part of any business, regardless of size or industry. An invoice is an official document that confirms the sale of goods or services and establishes the customer's payment obligations. It is not only an administrative task but also crucial...
Shortening invoice payment periods
As a company, when you send or receive invoices, they will have to be paid within a certain number of days. A statutory payment term applies here. However, many entrepreneurs choose to shorten the payment period of their invoices in order to have the money they need...
What is SME credit?
As an entrepreneur in small and medium-sized enterprises (SMEs), you may be familiar with the challenges associated with obtaining financing for your business. Fortunately, there are special credit options available tailored to the needs of SMEs, among other...
Most Innovative SME Factoring Specialists 2023 – Europe
Acquisition International is Proud to Announce the Winners of the 2023 Business Excellence Awards, and Factris is among them. Leading B2B publication, Acquisition International, has launched the 2023 edition of the Business Excellence Awards. Now in its ninth year,...
Financial ratios: what are they, and why are they important?
Financial ratios are calculations used to measure and analyse various aspects of a company's financial performance. These ratios are important because they provide an objective and structured way of understanding a company's financial health and performance. Types of...
Tips to manage your cash flow effectively
Effective cash flow management is essential to the success of any business. It enables business owners to ensure their financial health, pay off debt, invest in growth, and resist unexpected challenges. In this blog article, we share valuable tips for managing your...
Cash flow and working capital: how are they related?
As an entrepreneur, you often hear terms like "cash flow" and "working capital" in the financial world. Although they represent different concepts, they are closely related and have a crucial role in the success of your business. In this blog article, we will take a...
Grow your business with factoring
Everyone obviously wants their business to thrive and grow. Yet sometimes, it is difficult to encourage business growth. This can come from economic trends, but it also depends on the business. For example, a company that has just started may have trouble getting the...
What is insolvency?
Insolvency is a legal term used to describe when a person or organisation is unable to meet its financial obligations. This can happen when a person or organisation does not have enough money to pay its debts or when a person's or organisation's income is not...
When does factoring make sense?
Factoring can offer many advantages but does not always make sense depending on your company's situation. But when does factoring make sense? Below, we have described some situations where factoring is a valuable addition. For improving liquidity and cash flow Do you...
Why is liquidity important?
Liquidity is a term often used in finance, but why is it so important? Liquidity refers to the extent to which assets can be quickly and easily converted into cash without significant loss of value. It is the availability of sufficient cash to meet financial...
Improve liquidity
Healthy liquidity is essential to the success and growth of your business. Having adequate liquidity allows you to meet your financial obligations, take advantage of opportunities, and meet unexpected challenges. In this blog article, we share valuable tips and...
What is cashflow and why is it important?
Cash flow is a term often used in finance, but what exactly does it mean, and why is it so important? Understanding and effectively managing cash flow is vital. Read on to find out what cash flow is and why it is important. What is cash flow? Cash flow refers to the...
Factoring or business loan as financing?
As an entrepreneur, it can sometimes be difficult to get enough capital to grow your business. A business loan and factoring are two possible options to solve this problem. In this article, we will discuss the pros and cons of both options, so that you can make an...
Borrowing money without a bank
Borrowing money without a bank is an option that more and more people are considering. You may have a poor credit history, no steady income or simply don't want to wait for the lengthy application process of a traditional bank loan. In this article, we will discuss...
Comparing factoring companies, what to look out for?
Factoring companies are an important part of the financial sector. They are companies that focus on financing entrepreneurs by taking over outstanding invoices. This way, a business owner can have cash flow quickly and does not have to wait for their customers'...
Liquidity problems: how to solve them?
Liquidity problems can happen to both individuals and businesses and pose a challenge to financial health. Liquidity it important. Insufficient cash to meet financial obligations can lead to late payments, debt and even jeopardise the survival of a business....
What is solvency?
In the world of finance and business, solvency is an essential concept. It represents the financial health and stability of a company, and determines its ability to meet its obligations. In this blog, we take a closer look at exactly what solvency means. Definition of...
How does factoring work?
Tired of waiting even longer for the money from unpaid, sent invoices? Then factoring is the solution for you. This alternative method of financing for entrepreneurs ensures that you are no longer dependent on the applicable payment term. Even better: with factoring...
Fintech Factris Lands €50 Million For SME Lending From Aegon AM
The Amsterdam-based fintech secured a 50 million EUR funding line from Aegon Asset Management This funding line adds certainty for SMEs in an uncertain macroeconomic environment Having just reached the milestone of financing €1 billion in invoices in Q1 of 2023, the...
Fintech Factris reaches €1 billion in financing after meteoric 2022 results
The Dutch fintech finished 2022 with record-setting financing results in five EU countries Their 2022 momentum led to surpassing the €1 Billion mark In financing in Q1 of 2023 Amsterdam-based Factris closed out 2022, surpassing expectations thanks to a year-end report...
What is a credit check and why is it important?
When doing business with other companies, it is important to know who you are dealing with. A credit check can be of great value here. In this article, we will explain exactly what a credit check entails, why it is important and what benefits it brings. What is a...
Creditworthiness
In the world of finance, creditworthiness is a crucial concept. In this article, we will discuss what creditworthiness is, why it is important, how it is measured, and what factors determine creditworthiness. In addition, we will also discuss whether it is possible to...
Legal payment term: everything you need to know
The legal payment term is a crucial concept to understand when drafting invoices and payment agreements between companies and consumers in the UK. It refers to the period within which the payment must be made before statutory interest becomes due. In this article, we...
How do I keep an overview of outstanding invoices from debtors?
As an entrepreneur, it is important to have a good overview of outstanding invoices from debtors. That way, you can manage your cash flow better and avoid incurring unnecessary costs by having to pay interest on late-paid invoices, for example. Here are some tips to...
What is a defaulter and how do you recognise them?
A defaulter is someone who does not pay his or her bill. This can range from large payments like a mortgage to small payments like a phone bill. It is important to recognise defaulters so you can avoid payment risks. What is the definition of a defaulter and...
How to prevent defaulters?
Defaulters can have a major impact on a company's financial well-being. Therefore, it is very important to prevent defaults. In this article, we will discuss five steps that can be taken to prevent default. 1. How do you determine a customer's ability to pay? Before...
How does debtor management work?
Accounts receivable management is an important part of a company's financial management. It involves managing outstanding invoices and collecting funds from customers. Efficient debtor management is very important for the continuity of a business, as it helps prevent...
Is factoring more beneficial than a loan from the bank?
Factoring is a financing method where a company sells its outstanding invoices to an external party, often a factoring company. This can be an alternative to a loan from a bank, but whether it is more advantageous depends on the company's specific situation....
What is the risk of defaulters?
Defaulters can pose a serious risk to businesses. Not receiving payments on time can affect a company's cash flow and can also damage its reputation. Default risk is also known as debtor risk. In this article, we discuss the impact of defaults and how businesses can...
What is credit risk?
Credit risk is the risk that a borrower will not be able to meet its financial obligations and therefore, does not repay the loan. This risk is present in any type of loan, whether it is to an individual, a company, or a government. Assessing credit risk There are...
Factris named SME Financing Specialists of the Year 2023
Factris Holding B.V. was recognized in the 2023 Corporate Excellence Awards and received an SME Financing Specialists of the Year award - Europe from Corporate Vision digital magazine. Corporate Vision is published monthly on a digital platform with the mission to...
What is liquidity?
Liquidity is a financial ratio, just like profitability and solvency. These ratios are used to understand the development of your business. Liquidity shows how well a company can meet its short-term payment obligations. So how flexible a company is financially. Why is...
All about pre-financing VAT
Every entrepreneur has to deal with it: paying sales tax. In doing so, you pay the VAT that you as a company have charged the customer. However, it unfortunately happens more than once that the invoice sent has not yet been paid by the customer, while the deadline for...
How to improve solvency?
Is your business in good financial health? In general, this is of course very important, but especially when applying for business financing, this question plays an important role. Because as an entrepreneur, when you apply for such business financing, the company's...
Tips to get an invoice paid faster
It is vital for any business that debtors pay invoices on time. Unfortunately, in practice, not every outstanding invoice is paid on time. However, you have a number of options to speed up payment. If you use the tips below, you will increase your chances of getting...
How to calculate working capital?
A healthy working capital is very important for any business. Without sufficient working capital, sooner or later you as a business will not be able to meet your monthly financial obligations. But what is working capital? And what does working capital actually consist...
How to improve your working capital?
Working capital is very important for a business. Without sufficient working capital, you can run into problems paying day-to-day expenses. However, too much working capital is also not desirable. But what exactly is working capital? And more importantly: how can you...
What is a healthy working capital?
A healthy working capital is vital for any business. When you are short of working capital, you can run into problems paying day-to-day expenses. A healthy working capital is therefore often thought to mean: the more, the better, yet this is not entirely true. In...
What is working capital?
As an entrepreneur, you face various financial obligations daily. To meet these obligations, it is essential to have sufficient working capital. But what exactly is working capital, why is it so important, and how do you actually calculate it? We cover it in this...
What to do with unpaid invoices?
As an entrepreneur, it is very annoying if you often have to wait a long time for payment of invoices sent. Nevertheless, it unfortunately happens more than once that it takes a very long time for the paying party to fulfil its duty. But what do you actually do if...
The alternative forms of financing for a business
When you are an entrepreneur looking for funding to grow your business, most people will go to the bank to apply for a loan that way. But there are more ways to finance the start-up and/or growth of your business. Indeed, in many cases, alternative forms of financing...
Types of factoring
Different types of factoring Factoring is an increasingly popular alternative method of financing for entrepreneurs. And that is not surprising, because factoring is the way par excellence to receive money at very short notice for work completed earlier, for which the...
What is credit insurance?
When you deliver products or services on account, you naturally want the invoice sent to you to be paid as soon as possible. Yet unfortunately, it regularly happens that the invoice is paid late or, in some cases, not at all. But what if, for example, your customer...
What is a line of credit?
A line of credit is a well-known and widely used form of alternative financing for many businesses and companies. In many situations, a line of credit is a convenient way to create more financial leeway. Nevertheless, before applying for the credit, it is good to know...
What is factoring?
Never heard of factoring before or just want to know more about it? No problem, we are happy to explain it to you. Because what exactly is factoring, how does factoring at Factris work, what types of factoring are there and for whom is factoring actually suitable? ...
Factris – Gamechanger™ Progress Champion Awards 2022 winner
In 2022, the Gamechangers™ Progress Champion Awards celebrate diversity and promote inclusion. We are glad they have been nominating Factris as a company that has particularly considered the needs of employees or customers of the LGBT+ community with naturally...
International Elite 100: Brian Reaves – CEO of the Year 2022
Brian Reaves, CEO of Factris, has been recognized as a CEO of the Year 2022 by the International Elite 100 Awards. The International Elite 100 Awards was established with the prime objective of honoring the achievements of global talent across all areas of business....
When can you outsource a claim?
Every entrepreneur has to deal with it sooner or later: unpaid invoices. If you have to wait a long time for payment of an invoice, this can cause a lot of stress and extra work. In such a case, handing over the claim will relieve you of this worry and allow you to...
Factris – SME Financing Innovators of the Year
Wealth & Finance magazine has announced the winners of the 2022 FinTech Awards, awarding Factris as SME Financing Innovators of the Year. It wouldn't be an exaggeration to say that long-standing brick-and-mortar establishments have dominated the financial...
What is credit management?
It is important for any business to optimise working capital and minimise credit risks. Credit management ensures that these goals are achievable and gives you every opportunity to build on the success of your business. However, maintaining tight credit management is...
What is a factoring company?
A factoring company provides an alternative form of financing with immediate payment of your outstanding invoices. You sell the invoices to the factoring company and get the money in your account within 24 hours. Factoring companies charge a small fee for this. In...
How do you handle a defaulter?
Every entrepreneur has to deal with defaulters sooner or later. This is very annoying because not only does this cause you to lose extra time, but it also affects your cash flow. So what exactly is non-payment? Non-payment boils down to companies or individuals who...
Factris now a member of the Soonicorn Club of the Netherlands
Tracxn, a global platform for tracking innovative companies across 1800+ feeds and multiple countries, included Factris in the Soonicorn Club of Netherlands. The latest award in the Soonicorn Award series recognises the top companies which are Unicorns or have the...
Fintech Factris leaps forward with further funding
Dutch fintech Factris has secured 10 MM EUR more funding This new funding will provide financing to SMEs via invoice factoring Dutch fintech company Factris has secured € 10 MM thanks to their partnership with NN Investment Partners (NN IP). This funding will be...
Most Innovative SME Factoring Specialists – Europe
Acquisition International has announced the 2022 year’s winners of the Business Excellence Awards. Factris has been awarded as Most Innovative SME Factoring Specialists – Europe. The highly anticipated Business Excellence Awards returns to Acquisition International in...
Factris Partners with Eurowag to Launch New Financial Product in Three EU Countries
The two companies are collaborating to improve SME financing in the transport and logistics industry The product is already available in Latvian and Lithuanian markets, with Poland set to receive it by April 2022 Fintech company Factris has partnered with Eurowag, a...
Factris expands factoring into Belgium
By financing a fourth European market, Amsterdam-based Factris continues forward with their pan-European strategy The fintech will focus on SMEs in Belgium ANTWERP, BELGIUM Fintech Factris has just launched their financing services to SMEs across Belgium. This new...
Factris receives 1st Place in the category of Trade Finance at the 2021 Go Global Awards
Factris Holding B.V. was announced as 1st Place in the category of Trade Finance on the 14th October 2021, at the International Trade Council's Annual Go Global Awards Ceremony. "Winning an award is no small feat. We received a total of 6416 entries, coming...
The Pros and Cons of Factoring
More businesses than ever before are turning to factoring to meet their financing needs. Find out what the benefits and downsides are to see if it’s right for you. No matter how rich the soil is, a farmer is not going to grow anything without enough water. The same...
Factris continues to grow despite declining factoring trend
Factris’ 2021 results showed significant growth in portfolios, customers, and invoices financed Factris grew while general factoring shrank across the EU Factris has published their results from the first half of 2021, revealing substantial growth in their factoring...
Best accessible finance services 2021 – Europe
Acquisition International Magazine has announced the winners of the 2021 Business Excellence Awards. Factris is proud to announce we've won the 2021 Business Excellence Award. Business success can be defined in many ways and can be found in all locations, regardless...
Factris uses new funding to acquire Payfix and provide services to factoring companies
The fintech has signed commercial arrangements to provide managed services to four more Dutch factoring companies Factris has put recent funding to work by purchasing or managing factoring company’s portfolios worth 23 MM EUR Amsterdam-based fintech Factris has just...
Finance Monthly has chosen Factris in the Fintech Innovation category
Year upon year, the Finance Monthly FinTech Awards recognise the true innovators who help drive the FinTech industry forward and help make the sector what it is today. Finance Monthly is a global publication delivering news, comment, and analysis to those at...
Dexteritas funds Factris with EUR 5 million Facility
Funding from Dexteritas will enable Factris to extend their financing reach by purchasing portfolios from other factoring companies The contract puts the fintech company one step closer to becoming the EU’s largest SME working-capital provider Amsterdam-based fintech...
Global 100 Awards CEO of the year 2020 – Brian Reaves
EMG Publishing aims to provide a benchmark for the very "BEST OF THE BEST" industry leaders, exemplary teams, and distinguished organizations across the globe. EMG Publishing has become a world-renowned publishing house, producing some of the world’s most...
SME Working Capital Provider of the Year 2020
The Netherlands Prestige Awards celebrates small and medium-sized enterprises consisting of localized businesses and sole traders that have thrived in their highly competitive community and have proven their success. Over the past year, 2,037 nominations were received...
How to make the most of the unique 2020 Holiday season
Unless you've been living in a cave in the Himalayas, you have already had to adapt in countless ways due to the COVID-19 pandemic. Changes such as quarantines and restrictions have impacted not only business but our entire way of life. How can your business adapt and...
Factris wins “Best European SME Financing specialists 2021” award
The Corporate Excellence Awards were launched by CV Magazine to showcase the companies and individuals that are committed to innovation, business growth, and providing the very best products and services to clients across a wide range of industries. This award was...
Cultivating a Successful Company Culture During a Pandemic
Change doesn't begin to describe the effects COVID-19 has had on businesses. But even though your company can't meet in person, you can still create and maintain a culture that brings out the best in those within your company. In fact, successful company culture is...
“Factoring lender of the year” and “Gamechanger of the year, Brian Reaves” Awards
London, UK, October 2020 – ACQ5 announces the winners of the 2020 ACQ5 Awards. “Experts whose intimate knowledge and expertise in the corporate, cultural, financial, and legal arenas are redefining our industry,” says Jake Robson, Group Editor of The ACQ5. “The...
Factris closes series A round to increase reach
Recent funding has given a boost to the Amsterdam-based fintech’s capabilities to finance SMEs Factris has recently concluded a EUR 5M Series-A equity funding round led by AB Ventures, the corporate venture capital arm of the Arab Bank. Current investors participating...
Factris and NN Investment Partners agree on European financing agreement
Factris has closed a new EUR 50m secured financing agreement with asset manager NN Investment Partners (NN IP) The facility will be used to provide financing to European small and medium-sized enterprises (SMEs) via the purchase of their trade-related invoices, which...
10 Sources of Funding: a guide for Small and Medium-Sized Business
Most up-and-coming entrepreneurs have great ideas but often lack sufficient capital to start a business. Bank loans for small start-ups are not easy to get, especially without collateral. This is why we’ve put together this guide on the different ways to raise...
Best Alternative SME Financing Solutions Provider 2020 – Europe
The United Kingdom, 2020 – Acquisition International Magazine has announced the winners of the 2020 Business Excellence Awards. While it is certainly a challenging time for businesses of all shapes and sizes, there are still causes for celebration to be found...
Factris receives EU funding for AI-based SME risk-management system
Factris has received EU funding to create a risk-management system with AI to solve financing problems for SMEs The fintech company Factris has just received a grant of 1,4MM from the EU to fund the development of an automated risk-management system that uses...
“Factoring” changed how SMEs did business in 2019
- The company Factris is positioning itself for success with its unique offering in the SME market - Factris has already experienced rapid growth with its innovative financial solutions personalized for its customers. New financing solutions changed how small and...
Netherlands Construction and Manufacturing Slows
Dutch construction and manufacturing companies are hampered by reduced demand, emissions issues and skilled labour problems Recent reports from the credit insurance company Atradius reveal signs of a slowdown in Dutch construction and manufacturing. The report on...
Understanding Customer Lifetime Value is key to your company’s success
Some companies start with a great idea. They might try to make it happen, to “follow the dream”, which can make for a wonderful story. However, a business needs more than a dream to believe in; It needs to be financially viable. And a crucial part of financial...
Dutch SMEs are struggling with cash flow
Recent research reveals more than one in three SMEs find cash flow a challenge A connection lies between unpaid invoices, banks and the struggle that SMEs face The financial service companies Euler Hermes and Bibby have released the findings from their annual survey....
How to prepare your SME for a financial slowdown after Christmas
While many dreams of what awaits them beneath glimmering wrapping paper, others anxiously face an avalanche of business activity that they can hardly keep up with - only to be left feeling financially out in the cold when it’s all done. What can help your SME during...
14.000 freelancers can now be paid earlier through factoring
Factris enters a partnership with Verloning.nl A partnership has recently been announced between the fintech company Factris and the Dutch freelancer platform Verloning.nl. This new partnership will allow freelancers working via the Verloning platform to use Factris’...
Factris wins “Most Client-Focused SME Financing Solutions Provider 2019” award
Established in 2017, the fintech company Factris has been on a mission to reinvent small-business financing by providing low-cost working capital to SMEs across the European Union, all with a local presence. Factris has accomplished this through invoice financing...
People of Factris – behind the scenes – Edmundas Volskis
Factris Head of Risk Edmundas Volskis: “What we have achieved proves that we were on the right track in developing a factoring company!” This is a person who can definitely be called a Factris (formerly Debifo) veteran in Lithuania. “I was the first employee at this...
EU Banks to restrict lending to SMEs
A regulatory framework for banks will soon change across Europe SMEs trying to secure loans from banks will suffer the most from these changes 70% of SMEs rely on bank loans, signalling trouble for millions of small businesses Changes in regulations across the...
Why Does Factoring Remain Out of Reach for Peer to Peer Platforms?
Call a taxi, order dinner, pay your bills - all from the computer on your lap or the smartphone in our hand. Without question, we're using new technology more and more to accomplish everyday tasks. Some are even trying to use new technology to put factoring into the...
Factris’ CEO Brian Reaves wins CEO Awards 2019
We are proud of our CEO, Brian Reaves, who has been awarded this year! It is a recognition of the whole Factris team for achieving desired goals and being driven forward by such a CEO. Read the full item of Finance Monthly CEO Awards, on page 22. About Brian...
People of Factris – behind the scenes- Liudmila Dobiliene
Factris CMO Liudmila Dobiliene: “Doing business without advertising is like winking at a girl in the dark” “To tell you the truth, I never dreamed about working in marketing. Yet after 12 years, here I am- still psyched about my job! And with no intention of...
Factris will soon dominate SME financing in Europe. Here’s why.
Why can such a bold claim be made with such certainty? One simple reason - Factris’ advantage over the competition. Gaining people’s trust and loyalty isn’t easy; whether it’s a teenager looking to their parents for more freedom or a fintech company looking to finance...
Banks are constantly saying NO. We are the people that say Yes.
Yes to financing your small business. Yes to using technology to help you grow. Yes to harnessing the power of Europe by embracing our diversity. “It’s easy to hear the word "No" from a bank. Small businesses hear it often while asking for financial help. I heard it...
Factris named as one of One to Watch for EBA
Factris has been named as ‘One to Watch’ in Europe in a list of business excellence published by the European Business Awards, one of the world’s largest and longest-running business competitions. Factris was chosen as it demonstrates exceptional achievement in...
More small businesses say NO to banks in 2019
Alternative-banking solutions are catching on at an exponential rate across Europe Factris has published results for the first half of 2019 demonstrating the growth in alternative financing solutions. The report showed that from January to June of 2019,...
How serious of a problem are late payments
Late payments are toxic to the growth, profitability and sustainability of your business. What can your business do about this debilitating problem? Ask yourself a question: Is your business moving forwards or backwards? Many would enthusiastically respond,...
Strongest in Lithuania and in the Baltic region
We are proud of our small, but meaningful achievements - ABALT 2018 certificate notes that our company is "A" class leader in our business sector in the Baltic region and credit bureau "Creditinfo" certificate indicates that we have a high credit score in Lithuania,...
Factris Disrupts Traditional European Financing with New Platform
The platform forges new ways to make financing easier and more available for small and medium businesses. Fintech company Factris has launched a new version of their Finance Automation for Business platform or the “FAB” platform for short. This new platform is...
Factris launches services in Latvia and names new country managers
- The company Factris is positioning itself for success with its unique offering in the SME market - Factris has already experienced rapid growth with its innovative financial solutions personalised for its customers. Factris announced the launch of financing...
How your seasonal SME can weather challenges throughout the year
An age-old proverb to anticipate what the weather will bring goes like this: “Red sky at night, sailor’s delight; Red sky at morning, sailor take warning.” To plan ahead, sailors need to know what weather awaits them: When will the sea be smooth-sailing? Or...
Factris is consolidating its position in Lithuania and is expanding into other European markets
The Lithuanian factoring company previously known as Debifo is re-launching as Factris. The move comes after a merger with the Dutch factoring company, Factris, which was completed in January. Following the merger, the decision was taken to use a single brand name...
Factris wins court case brought by Rabobank
The Amsterdam fintech company Factris does not have to change its name. Rabobank subsidiary Facturis loses summary proceedings against the company. This decision was announced on 3 April by the Court of Amsterdam. In addition to this, the court ordered Facturis...
There is a dark side to exporting, but it can be avoided
The desire to grow is probably high on every business owner’s agenda. Some start out trading in their domestic market and then move on to explore overseas opportunities when circumstances permit, while others go global immediately. But the trend is for...
Credit hasn’t always been self-evident
Borrowing is a common practice among governments, businesses, and consumers. In fact, never in the history of humanity has global debt been this high. Few people realize that credit hasn’t always been as popular as it is today. Despite its present ubiquity, I dare to...
Factris announces the expansion and investment plans in Lithuania
Factris intends to expand and invest in its development team and operations in Lithuania to accelerate the development of its factoring platform and execute on its ambition to become the Pan-European leader of working capital solutions for SMEs. Factris...
Factris acquires Lithuanian factoring company Debifo
Factris announced the successful conclusion of the 100% acquisition of “Debifo” for an undisclosed purchase price. Debifo is a leading working capital provider in Lithuania with a 35% market share in the alternative lending space and growing rapidly. The...
Factris concludes EUR 100 million credit facility agreement
Factris announced the successful conclusion of a €100 million credit facility agreement through Swiss investment advisor Ruvercap. The credit facility will be used to provide working capital to small and medium-sized businesses throughout Europe. Factris is a fintech...
Factris concludes EUR 1.5 million funding round and Acquires Crown Finance
Factris announced the successful conclusion of the funding round led by the European venture capital fund SpeedinvestFintech. After this funding round, the initial investment of EUR 1.5 million brought in is for sales, marketing, and platform development to support...
Leveraging the European Project
The European project has suffered from a lot of negative sentiment lately, with populist movements gaining ground in Hungary and Italy, Brexit, and the influx of immigrants. As an immigrant from the US to the Netherlands, I often wonder why. I see fantastic...