{"id":11876,"date":"2021-07-29T08:06:00","date_gmt":"2021-07-29T08:06:00","guid":{"rendered":"https:\/\/www.factris.com\/?p=11876"},"modified":"2025-10-21T07:02:31","modified_gmt":"2025-10-21T07:02:31","slug":"factris-growth-despite-factoring-declining-trend","status":"publish","type":"post","link":"https:\/\/www.factris.com\/en\/news\/factris-growth-despite-factoring-declining-trend\/","title":{"rendered":"Factris continues to grow despite declining factoring trend"},"content":{"rendered":"<style>.wp-block-kadence-advancedheading.kt-adv-heading11876_9cbd6b-66, .wp-block-kadence-advancedheading.kt-adv-heading11876_9cbd6b-66[data-kb-block=\"kb-adv-heading11876_9cbd6b-66\"]{font-style:normal;}.wp-block-kadence-advancedheading.kt-adv-heading11876_9cbd6b-66 mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading11876_9cbd6b-66[data-kb-block=\"kb-adv-heading11876_9cbd6b-66\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading11876_9cbd6b-66 img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading11876_9cbd6b-66[data-kb-block=\"kb-adv-heading11876_9cbd6b-66\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<h2 class=\"kt-adv-heading11876_9cbd6b-66 wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading11876_9cbd6b-66\">Factris\u2019 2021 results showed significant growth in portfolios, customers, and invoices financed<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Factris grew while general factoring shrank across the EU<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Factris has published their results from the first half of 2021, revealing substantial growth in their factoring services compared to 2020. According to the global financing body&nbsp;<a href=\"https:\/\/fci.nl\/en?destination=\/en\/industry-statistics\" target=\"_blank\" rel=\"noreferrer noopener\">FCI report<\/a>, this growth stands in contrast with the rest of the factoring in the EU, which declined roughly 7% during the pandemic.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The uncommon results from the fintech revealed double or even triple-digit growth across the board, with portfolio growth up 82% in comparison to 2020, resulting in a 130% year-over-year (YoY) increase. This was accompanied by an increase of 58% in the number of invoices financed, capturing a 35% growth YoY. Still another increase was the number of customers serviced, with 145% more customers compared to the same period in 2020, netting a YoY increase of 120%. The report also noted a wide variety of sectors financed, with wholesale, services, and construction sectors making up the top three, respectively.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Factris grew despite the downturn thanks to their constant technological advancement. Factris was actively developing proprietary technologies well before the pandemic, such as their own platform designed purely for&nbsp;<a href=\"https:\/\/www.factris.com\/en\/factoring\/\">factoring<\/a>&nbsp;and an AI-powered risk-assessment system funded by the EU. \u201cOur well-founded systems, such as our&nbsp;<a href=\"https:\/\/www.factris.com\/en\/news\/empowering-small-business-with-new-platform\/\">FAB (Finance Automation for Business) platform<\/a>, have allowed us to be ready for the unknown,\u201d said CEO Brian Reaves. \u201cIt\u2019s a long-term strategy that took time and effort to establish in the beginning, but is ultimately paying off during challenging times like the pandemic.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">To continue to foster growth during an uncertain financial atmosphere, Factris recently announced the addition of a new advisory board member, Rob Oudman. Mr. Oudman has advised for decades on hundreds of acquisitions totaling tens of billions in value.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Factris\u2019 2021 results showed significant growth in portfolios, customers, and invoices financed Factris grew while general factoring shrank across the EU Factris has published their&#8230;<\/p>\n","protected":false},"author":1,"featured_media":35566,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_kadence_starter_templates_imported_post":false,"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","footnotes":""},"categories":[4],"tags":[],"class_list":["post-11876","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-company"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v28.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Factris grew 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