Factris Disrupts Traditional European Financing with New Platform

The platform enables new ways to make financing easier and more accessible for small and medium-sized businesses.

Fintech company Factris has launched a new version of its Finance Automation for Business platform, or the “FAB” platform for short. This new platform is a crucial piece of the puzzle for Factris, which will be used to support its aim of reinventing and improving the way business financing takes place. The FAB platform will enable the Amsterdam-based company to support its local sales teams and partners in cities across Europe, significantly enhancing the quality and speed of its financing services to small and medium-sized enterprises (SMEs) throughout the continent.

It’s no secret that the current financial system in Europe can be crippling for SMEs; not only are banks closing branches and making it difficult to speak to a person, but SMEs also struggle to gain access to much-needed capital, as the recent study by the World Bank identified. The study found that difficulty obtaining financing was one of the top three constraints SMEs face when doing business. Factris has taken note of the limitations imposed on SMEs by the current financial system and has responded by developing powerful financing tools and services, such as Factoring and Invoice Financing, along with a focus on service at a local level. “Financing is an inherently local business, and Factris has solved the problem by scaling local”. We’re providing the tools to enable local people to work together efficiently,” said Brian Reaves, CEO of Factris.

The new FAB platform can now put these technological and financial solutions offered by Factris into the hands of local businesses, delivering personalised services sorely needed in this challenging financial climate.

“This new platform positions us to make a real impact in helping SMEs with their financing needs. To us, business is personal, and clients are never just a number.” – Brian Reaves.