[et_pb_section fb_built=”1″ _builder_version=”4.7.6″ _module_preset=”default” custom_padding=”21px|||||” global_colors_info=”{}”][et_pb_row _builder_version=”4.14.8″ _module_preset=”default” max_width=”700px” custom_padding=”2px||4px|||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.7.6″ _module_preset=”default” global_colors_info=”{}”][et_pb_button button_url=”\/en\/news\/” button_text=”Back to the news page ” module_class=”btn-back” _builder_version=”4.14.8″ _module_preset=”default” custom_button=”on” button_text_color=”#001194″ button_bg_color=”rgba(0,0,0,0)” button_font=”||||on||||” button_icon=”#||divi||400″ button_icon_placement=”left” button_on_hover=”off” hover_enabled=”0″ global_colors_info=”{}” button_text_color__hover_enabled=”off|hover” custom_padding__hover_enabled=”off|desktop” custom_padding__hover=”|||59px|false|false” sticky_enabled=”0″][\/et_pb_button][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.7.6″ _module_preset=”default” max_width=”700px” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.7.6″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.9.0″ _module_preset=”default” header_font_size=”46px” header_line_height=”1.4em” header_2_font=”|700|||||||” header_2_text_color=”#000a54″ header_2_font_size=”27px” header_2_line_height=”1.3em” header_3_text_color=”#000a54″ header_3_font_size=”25px” header_3_line_height=”35px” header_4_text_color=”#000a54″ header_4_font_size=”21px” header_4_line_height=”29px” global_colors_info=”{}”]<\/p>\n
Gaining people\u2019s trust and loyalty isn\u2019t easy; whether it\u2019s 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.<\/p>\n
More and more, people are turning to Factris for their financing needs. Moreover, that success will only continue into the future. Why? What indicates that Factris will soon be the leader in European SME financing?<\/p>\n
Here are three specific reasons to believe the future belongs to Factris:<\/p>\n
<\/p>\n
Let\u2019s just make one thing clear: people are loyal to things like communities and sports teams. They\u2019re not as loyal to financial companies. So the reason a customer will choose a financial company is that the company offers the greatest advantage the customer, along with other reasons such as an easy application process or how the customer is made to feel about the company.<\/p>\n
So why would a customer choose Factris has over their competitors? Because\u00a0<\/span>they offer greater value than their competition.<\/strong><\/p>\n Most of Factris\u2019 competitors (Unsecured lenders like Funding Circle, Zopa, Iwoca and SpotCap) focus on the tech side of things, putting their energy into creating complicated risk-algorithms and occasionally developing friendly customer-onboarding.<\/p>\n However, creating a successful fintech company involves more than just algorithms and smiles from their sales team.<\/p>\n What is needed is\u00a0<\/span>an established ability to scale a business with a clear profit margin,<\/strong>\u00a0<\/span>along with assurance beyond a personal guarantee. Does Factris have this? Yes. Does the competition? Nope. This is due to their competitor\u2019s inferior financial formula in comparison to Factris.<\/p>\n With default rates (bad debt) of three to four percent, there\u2019s a fair amount of risk associated with these other financial companies. Pair this with three to four percent per annum going to funders, and these companies have starting costs of seven percent before they start contributing to salaries, rent, etc. Combine this with a 12 percent market cost to customers, and it\u2019s easy to see that their profit margin simply won\u2019t put them ahead in this competitive market.<\/p>\n Clearly, there\u2019s a number of things that are off with the competition. So what makes Factris so superior?<\/p>\n <\/p>\n Compared with the competition, Factris is lean and mean. How so?<\/p>\n Look at Factris\u2019 minuscule amount of bad debt: half of one percent \u2026and dropping. That means that\u00a0<\/span>Factris is unencumbered by default rates compared to the competition<\/strong>. Also, with improvements from technology and risk-management solutions, this is expected to continue to drop by half in the coming years. Furthermore, as a securitised lender having liquid collateral, Factris can expect to get down to below one percent on funding cost at scale in the current lending environment.<\/p>\n So who would you say is in a better position so far? The competition, automatically parting with seven percent because of their financial formula? Or Factris, who parts ways with just one to two percent in comparison, including the cost of insurance?<\/p>\n Clearly,\u00a0<\/span>Factris is far more financially nimble<\/strong>\u00a0<\/span>compared to their ponderous rivals.<\/p>\n However, Factris\u2019 advantage over the competition doesn\u2019t just come from better economics. They also have the power to be more profitable, and the know-how to deliver it into the hands of their customers.<\/p>\n <\/p>\n It takes more than just being able to avoid danger and debt to take the lead in European SME financing.<\/p>\n That\u2019s why Factris isn\u2019t just about streamlining; they take their financial agility and pair it with another winning feature:\u00a0<\/span>their ability to make lending significantly more affordable<\/strong>\u00a0<\/span>than their competition- up to 30 percent less than other lenders- while still having a larger profit margin.<\/p>\n That benefit is striking to customers, which will continue to make Factris far more appealing than their competition.<\/p>\n However, it\u2019s not just a cold, calculated experience for the customer.\u00a0<\/span>Factris is able to deliver all of these benefits with a personal touch<\/strong>; it\u2019s never a \u201cone size fits all\u201d approach, but rather every customer receives a unique experience that\u2019s customised to their specific needs.<\/p>\n As they\u2019re personally guided through the application process with each service explained, they come to benefit both financially and personally. They receive peace of mind through understanding the process from beginning to end.<\/p>\n Because the focus is not just to provide financial solutions but also to gain the trust of each customer, this helps them to see whom to turn to when in need of future financing.<\/p>\n It\u2019s clear Factris isn\u2019t just ahead by a nose; they\u2019re head and shoulders above the competition with their superior financial formula, making them significantly more affordable and valuable – all delivered with a personalised experience, tailored to the customer.<\/p>\n Taking these factors into consideration, it\u2019s only a matter of time before \u201cSME financing\u201d and \u201cFactris\u201d become synonymous.<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.14.8″ _module_preset=”default” max_width=”700px” custom_padding=”2px||4px|||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.7.6″ _module_preset=”default” global_colors_info=”{}”][et_pb_button button_url=”\/en\/news\/” button_text=”Back to the news page ” module_class=”btn-back” _builder_version=”4.14.8″ _module_preset=”default” custom_button=”on” button_text_color=”#001194″ button_bg_color=”rgba(0,0,0,0)” button_font=”||||on||||” button_icon=”#||divi||400″ button_icon_placement=”left” button_on_hover=”off” hover_enabled=”0″ global_colors_info=”{}” button_text_color__hover_enabled=”off|hover” custom_padding__hover_enabled=”off|desktop” custom_padding__hover=”|||59px|false|false” sticky_enabled=”0″][\/et_pb_button][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.7.6″ _module_preset=”default” background_color=”#000A54″ custom_padding=”20vh||20vh||true|false” global_module=”2087″ saved_tabs=”all” global_colors_info=”{}”][et_pb_row _builder_version=”4.7.6″ _module_preset=”default” custom_padding=”0px||0px||true|false” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.7.6″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.9.0″ _module_preset=”default” header_font=”|700|||||||” header_text_color=”#ffffff” header_font_size=”46px” header_line_height=”2em” header_2_font=”|700|||||||” header_2_text_color=”#ffffff” header_2_font_size=”46px” header_2_line_height=”2em” header_3_font=”|700|||||||” header_3_text_align=”center” header_3_text_color=”#ffffff” header_3_font_size=”25px” header_font_tablet=”” header_font_phone=”” header_font_last_edited=”on|desktop” header_line_height_tablet=”1.8em” header_line_height_phone=”1.4em” header_line_height_last_edited=”on|phone” header_2_font_size_tablet=”” header_2_font_size_phone=”32px” header_2_font_size_last_edited=”on|tablet” header_3_font_tablet=”” header_3_font_phone=”” header_3_font_last_edited=”on|phone” header_3_line_height_tablet=”” header_3_line_height_phone=”1.8em” header_3_line_height_last_edited=”on|phone” global_colors_info=”{}”]<\/p>\n [\/et_pb_text][et_pb_button button_url=”\/en\/eligibility\/” button_text=”See if I qualify” button_alignment=”center” module_class=”btn-tertiary-2″ _builder_version=”4.14.8″ _module_preset=”default” custom_button=”on” button_text_color=”#ffffff” button_bg_color=”rgba(0,0,0,0)” button_font=”||||on||||” button_icon=”$||divi||400″ button_icon_color=”#ffffff” button_on_hover=”off” custom_margin=”||20px|||” custom_padding=”0px|0px|0px|0px|true|true” global_colors_info=”{}”][\/et_pb_button][et_pb_button button_url=”https:\/\/onboarding.factris.com\/en\/sign-up” button_text=”Finance my invoices” button_alignment=”center” _builder_version=”4.13.0″ _module_preset=”default” button_icon=”$||divi||400″ button_icon_color=”#353540″ button_on_hover=”off” custom_margin=”||18px|||” custom_padding=”10px|40px|10px|25px|true|false” global_colors_info=”{}” custom_padding__hover_enabled=”on|hover” custom_padding__hover=”|50px|||true|false”][\/et_pb_button][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":" Why can such a bold claim be made with such certainty? One simple reason – Factris\u2019 advantage over the competition. Gaining people\u2019s trust and loyalty isn\u2019t easy; whether it\u2019s 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 […]<\/p>\n","protected":false},"author":1,"featured_media":20656,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"\n Advisory board<\/strong><\/p>\n\n\n\n Brian Reaves <\/strong>Chief Executive Officer<\/p>\n\n\n\n Serial entrepreneur and investor in the mobile and payments space. Brian was involved in building 21 prior businesses including 15 mobile networks and 4 payment companies.<\/p>\n\n\n\n Adam Posma <\/strong>Founder and Chief Product Officer of ClubCollect<\/p>\n\n\n\n Adam founded ClubCollect in 2013 - a provider of membership fee collection services for sports clubs. He started his career in wealth management at BNP Paribas.<\/p>\n\n\n\n Dr. Tom F. Lesche <\/strong>Principal at Speedinvest<\/p>\n\n\n\n Tom started his career in investment banking. Most recently, he was a Vice President at Morgan Stanley in London, advising financial technology companies on a variety of capital markets and M&A transactions. At Speedinvest, he solely focuses on investments in European fintech companies.<\/p>\n\n\n\n Donatas Juodelis <\/strong>Founder of Debifo<\/p>\n\n\n\n Donatas started his career as a lawyer but quickly moved to entrepreneurship and investments. Co-founded IT company INNTEC, co-founded factoring company Debifo and a couple of other successful startups. In most of the companies, Donatas was responsible for business and corporate development.<\/p>\n\n\n\n Faisal Hakki <\/strong>Managing director at AB Ventures<\/p>\n\n\n\n Faisal is Managing Director at AB Ventures, the FinTech focused, early-stage Venture Capital arm of Arab Bank. Prior to joining AB Ventures, Faisal was CEO at Oasis500 \u2013 the leading seed-stage investment fund and accelerator in Jordan. Faisal has also held senior positions at Accelerator Technology Holdings, Arab Advisors Group and Fastlin.<\/p>\n\n\n\n Brian Reaves <\/strong>Chief Executive Officer<\/p>\n\n\n\n Serial entrepreneur and investor in the mobile and payments space. Brian was involved in building 21 prior businesses including 15 mobile networks and 4 payment companies.<\/p>\n\n\n\n Adam Posma <\/strong>Founder and Chief Product Officer of ClubCollect<\/p>\n\n\n\n Adam founded ClubCollect in 2013 - a provider of membership fee collection services for sports clubs. He started his career in wealth management at BNP Paribas.<\/p>\n\n\n\n Dr. Tom F. Lesche <\/strong>Principal at Speedinvest<\/p>\n\n\n\n Tom started his career in investment banking. Most recently, he was a Vice President at Morgan Stanley in London, advising financial technology companies on a variety of capital markets and M&A transactions. At Speedinvest, he solely focuses on investments in European fintech companies.<\/p>\n\n\n\n Donatas Juodelis <\/strong>Founder of Debifo<\/p>\n\n\n\n Donatas started his career as a lawyer but quickly moved to entrepreneurship and investments. Co-founded IT company INNTEC, co-founded factoring company Debifo and a couple of other successful startups. In most of the companies, Donatas was responsible for business and corporate development.<\/p>\n\n\n\n Faisal Hakki <\/strong>Managing director at AB Ventures<\/p>\n\n\n\n Faisal is Managing Director at AB Ventures, the FinTech focused, early-stage Venture Capital arm of Arab Bank. Prior to joining AB Ventures, Faisal was CEO at Oasis500 \u2013 the leading seed-stage investment fund and accelerator in Jordan. Faisal has also held senior positions at Accelerator Technology Holdings, Arab Advisors Group and Fastlin.<\/p>\n\n\n\n <\/p>\n","_et_gb_content_width":"2880","footnotes":""},"categories":[4],"tags":[],"yoast_head":"\nFactris cuts the fat<\/strong><\/h2>\n
Greater profits and customer experience with Factris<\/strong><\/h2>\n
Focus on telling your business story<\/h2>\n
Trade your invoices for working capital by factoring<\/h3>\n