News
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.
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People of Factris - behind the scenes!
There are some things in life that can’t be taught that have to come naturally. Connecting with people on a personal level is one of those things; it’s something that comes from within, a natural instinct.
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Most Innovative SME Capital Provider 2019
The European Enterprise Awards encompass some of the most vibrant business regions in the world that strive year after year to ensure economic growth. We are proud to receive recognition as the "Most Innovative SME Capital Provider 2019."
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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.
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Dutch SMEs are struggling with cash flow
The financial service companies Euler Hermes and Bibby have released the findings from their annual survey. Many SMEs in the Netherlands are struggling with capital. According to the survey, managing debtors is greatly contributing to this issue of cash flow.
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People of Factris - behind the scenes!
Fatima has come a long way despite her young age. Back in her native Morocco, her education in computer science opened up a lot of opportunities for her. She quickly found success working as a frontend developer at the multinational company Capgemini.
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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.
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14.000 freelancers can now be paid earlier through factoring
A partnership has recently been announced between Factris and the Dutch freelancer platform Verloning.nl. This will allow freelancers working via Verloning to use Factris’ services, enabling them to get paid within 24 hours for invoices sent through Verloning.
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People of Factris - behind the scenes!
Justas can safely be called a pioneer in non-banking invoice financing in Lithuania. Seeing the lack of this service in 2015, he had such faith in his business idea that in spite of the dissuasion of sceptics, he “rolled up his sleeves” and dived right in.
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Factris wins "Most Client-Focused SME Financing Solutions Provider 2019" award
Factris has built its reputation by disrupting the financial industry through their innovative solutions to traditional banking. Discover how this firm is the ‘Most Client-focussed SME Financing Solutions Provider’ for 2019.
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People of Factris - behind the scenes!
This is a person who can definitely be called a Factris (formerly Debifo) veteran in Lithuania. “I was the first employee at this company, aside from the manager at the time, of course,” says Edmundas, who has been working in the company for four years.
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People of Factris - behind the scenes!
On one hand, Brice is “attracted to logic and numbers” and applies a structured approach to thinking through the outcome of every decision, and on the other, he thrives on new experiences and not knowing what tomorrow will bring.
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Factris: EU Banks to restrict lending to SMEs
Changes in regulations across the EU will create new problems on small and medium-sized enterprises (SMEs) in an already difficult lending environment. Cash flow is already a significant problem for SMEs across Europe.
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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. But have these efforts been successful?
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Factris' CEO Brian Reaves wins CEO Awards 2019
Factris is very proud of our CEO, Brian Reaves, who has been awarded this year by Finance Monthly! It is a recognition of the whole Factris team for achieving desired goals and being driven forward by such CEO.
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People of Factris - behind the scenes!
I always say that just having a good idea or product but not telling anyone about it is not enough. On the other hand, sometimes people view those of us who work in marketing as magicians whom everything depends on. That’s not right either.
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Factris will soon dominate SME financing in Europe. Here’s why.
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 small businesses, it really comes down to having specific reasons to believe in a positive outcome.
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People of Factris - behind the scenes!
Paulius Jauga joined the fast-growing Factris team only a year ago, and the rapid growth of the company has rubbed off on him as well- he’s noted personal growth in himself with each passing day.
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Banks are constantly saying NO. We are the people that say Yes.
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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.
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Strongest in Lithuania and in the Baltic region
Factris is certified as "A" class leader in our business sector in the Baltic region. Credit bureau "Creditinfo" certifies that Factris has a high credit score in Lithuania.
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More small businesses say NO to banks in 2019
The details contained in the report show that more than ever, small and medium enterprises (SMEs) across Europe are starting to reject traditional banking in favour of more-responsive financing alternatives when they need temporary cash flow.
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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?
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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. Factris has launched a new version of their Finance Automation for Business platform or the “FAB” platform for short.
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Factris launches services in Latvia and names new country managers
Factris announced the launch of financing services uniquely suited for SME's in Latvia through its wholly-owned subsidiary, based in Riga. The Latvian market is ripe for alternative financing, and Factris has positioned itself to seize this opportunity.
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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”. In order to plan ahead, sailors need to know what weather awaits them.
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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.
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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.
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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. And this is welcome.
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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.
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Factris announces the expansion and investment plans in Lithuania
Factris intends to scale 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.
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Building a successful company culture
We all want success in business, and few people here would disagree that company culture has an enormous impact on the performance of a team. There are many ways to cultivate a thriving environment, but after having been involved in building many..
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Factris acquires Lithuanian factoring company Debifo
Factris announced the successful conclusion of the 100% acquisition of “Debifo” for an undisclosed purchase price.
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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.
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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 Speedinvest Fintech.
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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 immigrants.
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