Factris launches services in Latvia and names new country managers
Go to the news page
- 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 services uniquely suited for small and medium-sized enterprises 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. Momentum is growing with Factris having onboarded a number of clients after they took note of the advantages that the fintech company offers. Traditional banks cause frustration and problems for small and medium-sized businesses when they ignore or make it difficult for them to secure a working-capital facility. These challenges imposed by banks have proven to give Factris an edge by allowing them to eliminate these problems by means of their innovative financial solutions and personalised services.
Kaspar Barons was named the Managing Director of the operations in Latvia. Mr. Barons has more than 10 years experience in banking and lending in the Baltics, starting his career with GE Money and then moving on to well-known Latvian finance organisations Citadele Bank, Greencredit and Monify.
Factris has also promoted Chantal Molenaar to Managing Director of the Netherlands and Paulius Jauga to Managing Director of Lithuania. Both Ms. Molenaar and Mr. Jauga have proven invaluable to the success of Factris, demonstrating both leadership skills and execution capabilities.
“I am really proud of the Factris team and what we have been able to accomplish together in a short period of time. I believe Chantal, Kaspars and Paulius represent our core values, are true professionals, and we are lucky to have them on team Factris!” said Brian Reaves, CEO of Factris.
Recent articles
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.
Read the full article
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.
Read the full article
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.
Read the full article