News

Dexteritas funds Factris with EUR 5 million Facility

Dexteritas funds Factris with EUR 5 million Facility

Funding from Dexteritas will enable Factris to extend their financing reach by purchasing portfolios from other factoring companies The contract puts the fintech company one step closer to becoming the EU’s largest SME working-capital provider Amsterdam-based fintech...

Global 100 Awards CEO of the year 2020 – Brian Reaves

Global 100 Awards CEO of the year 2020 – Brian Reaves

EMG Publishing aims to provide a benchmark for the very "BEST OF THE BEST" industry leaders, exemplary teams, and distinguished organizations across the globe.   EMG Publishing has become a world-renowned publishing house, producing some of the world’s most...

SME Working Capital Provider of the Year 2020

SME Working Capital Provider of the Year 2020

The Netherlands Prestige Awards celebrates small and medium-sized enterprises consisting of localized businesses and sole traders that have thrived in their highly competitive community and have proven their success. Over the past year, 2,037 nominations were received...

Factris closes series A round to increase reach

Factris closes series A round to increase reach

Recent funding has given a boost to the Amsterdam-based fintech’s capabilities to finance SMEs Factris has recently concluded a EUR 5M Series-A equity funding round led by AB Ventures, the corporate venture capital arm of the Arab Bank. Current investors participating...

What is factoring?

What is factoring?

Alternative forms of financing, like factoring, have never been more important for your business. Learn how factoring works for your SME. “There’s nothing new under the sun,” states an ancient proverb. In other words, just because it’s new to you, don’t think it’s new...

“Factoring” changed how SMEs did business in 2019

“Factoring” changed how SMEs did business in 2019

- 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 personalized for its customers. New financing solutions changed how small and...

Netherlands Construction and Manufacturing Slows

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. The report on...

Dutch SMEs are struggling with cash flow

Dutch SMEs are struggling with cash flow

Recent research reveals more than one in three SMEs find cash flow a challenge A connection lies between unpaid invoices, banks and the struggle that SMEs face The financial service companies Euler Hermes and Bibby have released the findings from their annual survey....

14.000 freelancers can now be paid earlier through factoring

14.000 freelancers can now be paid earlier through factoring

Factris enters a partnership with Verloning.nl A partnership has recently been announced between the fintech company Factris and the Dutch freelancer platform Verloning.nl. This new partnership will allow freelancers working via the Verloning platform to use Factris’...

EU Banks to restrict lending to SMEs

EU Banks to restrict lending to SMEs

A regulatory framework for banks will soon change across Europe SMEs trying to secure loans from banks will suffer the most from these changes 70% of SMEs rely on bank loans, signalling trouble for millions of small businesses   Changes in regulations across the...

Factris’ CEO Brian Reaves wins CEO Awards 2019

Factris’ CEO Brian Reaves wins CEO Awards 2019

We are proud of our CEO, Brian Reaves, who has been awarded this year! It is a recognition of the whole Factris team for achieving desired goals and being driven forward by such CEO.  Read the full item here, on page 22.   About Brian Reaves, CEO of Factris Brian...

Factris named as one of One to Watch for EBA

Factris named as one of One to Watch for EBA

Factris has been named as ‘One to Watch’ in Europe in a list of business excellence published by the European Business Awards, one of the world’s largest and longest-running business competitions.   Factris was chosen as it demonstrates exceptional achievement in...

More small businesses say NO to banks in 2019

More small businesses say NO to banks in 2019

Alternative-banking solutions are catching on at an exponential rate across Europe   Factris has published results for the first half of 2019 demonstrating the growth in alternative financing solutions. The report showed that from January to June of 2019,...

How serious of a problem are late payments

How serious of a problem are late payments

Late payments are toxic to the growth, profitability and sustainability of your business. What can your business do about this debilitating problem? Ask yourself a question: Is your business moving forwards or backwards? Many would enthusiastically respond,...

Strongest in Lithuania and in the Baltic region

Strongest in Lithuania and in the Baltic region

We are proud of our small, but meaningful achievements - ABALT 2018 certificate notes that our company is "A" class leader in our business sector in the Baltic region and credit bureau "Creditinfo" certificate indicates that we have a high credit score in Lithuania,...

Factris wins court case brought by Rabobank

Factris wins court case brought by Rabobank

The Amsterdam fintech company Factris does not have to change its name. Rabobank subsidiary Facturis loses summary proceedings against the company.   This decision was announced on 3 April by the Court of Amsterdam. In addition to this, the court ordered Facturis...

There is a dark side to exporting, but it can be avoided

There is a dark side to exporting, but it can be avoided

The desire to grow is probably high on every business owner’s agenda. Some start out trading in their domestic market and then move on to explore overseas opportunities when circumstances permit, while others go global immediately. But the trend is for an...

Credit hasn’t always been self-evident

Credit hasn’t always been self-evident

Borrowing is a common practice among governments, businesses, and consumers. In fact, never in the history of humanity has global debt been this high. Few people realize that credit hasn’t always been as popular as it is today. Despite its present ubiquity, I dare to...

Factris acquires Lithuanian factoring company Debifo

Factris acquires Lithuanian factoring company Debifo

Factris announced the successful conclusion of the 100% acquisition of “Debifo” for an undisclosed purchase price.   Debifo is a leading working capital provider in Lithuania with a 35% market share in the alternative lending space and growing rapidly. The...

Factris concludes EUR 100 million credit facility agreement

Factris concludes EUR 100 million credit facility agreement

Factris announced the successful conclusion of a €100 million credit facility agreement through Swiss investment advisor Ruvercap. The credit facility will be used to provide working capital to small and medium-sized businesses throughout Europe. Factris is a fintech...

Leveraging the European Project

Leveraging the European Project

The European project has suffered from a lot of negative sentiment lately, with populist movements gaining ground in Hungary and Italy, Brexit, and the influx of immigrants.   As an immigrant from the US to the Netherlands, I often wonder why. I see fantastic...

Focus on telling your business story

Trade your invoices for working capital by factoring

Focus on telling your business story

Trade your invoices for working capital by factoring