Data Republic website

NIBC signs EUR 75 million receivables financing deal with elf Leasing

The Dutch bank agreed to finance the receivables of the German financial leasing services company, assisting them fuelling their growth.

NIBC was the sole lender in the deal. elf Leasing, besides receiving the initial EUR 75 million in full, will be able to take advantage of a structured refinancing that will allow them to unload receivables on an ongoing basis. Additionally, the deal also includes provisions for the company to expand through gaining additional financing partners.

Jens Linder, who helms the structuring team at NIBC Bank Deutschland AG responsible for the deal, said: “We’re proud to have taken this decisive step with elf Leasing. Delivering a tailored solution that supports the company’s growth plans clearly shows our capabilities as a competent financing partner for the medium-sized German leasing industry.”

NIBC has its own receivables financing vehicle, its NIBC Receivables Financing portfolio. The portfolio has seen growth, due to referrals from existing clients, a consistently high net promotor score, and a reputation across the UK, Netherlands, and Germany as not only a go-to institution for receivables financing, but for fintech financials as well.

Share this Article
Related Insights
Dutch FinTech Map 2022
Make sure your company is on the map! Are you a member, or active in the Netherlands? Provide your details to be featured!
Amsterdam Fintech Week
Amsterdam FinTech Week is back on 9-16 September, fully in-person and online. Be a sponsor, co-organizer, or just participate at the summit or one of the countless side events.
AMLD5 Guide
A source for consulting PSD2 legislation coupled with commentary, tips & tricks, applicability, in collaboration with our member law firms.

How likely are you to recommend Holland FinTech?