Most Innovative SME Capital Provider 2019Go to the news page
The EU Business news encompasses some of the most vibrant business regions in the world that strive year after year to ensure economic growth.
In the last few years, Europe has been rocked by immense economic changes, with the most notable of these being Britain’s decision to leave the EU. The European Enterprise Awards are for those who weather the storm of economic uncertainty and continuously enhance their products and/or services to appeal to a global audience.
Factris is proud to get recognized and receives a "Most Innovative SME Capital Provider 2019" Award at European Enterprise Awards 2019.
Factris receives EU funding for AI-based SME risk-management system
Factris received a grant of 1,4MM from the EU to fund the development of an automated risk-management system that uses artificial intelligence (AI) technology. This new system will solve an enormous problem that affects small businesses across Europe.
“Factoring” changed how SMEs did business in 2019
New financing solutions changed how SMEs did business throughout Europe last year, as shown by the year-end results from Factris. The results from the Netherlands-based company revealed a sharp increase in alternative-financing activity in 2019.
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.