Factris has recently announced its conclusion of a €100 million credit facility agreement, which will provide working capital to SMEs throughout Europe.
Brian Reaves, CEO of Factris, commented about the agreement for Holland Fintech: ”The agreement is a step toward creating the largest independent working capital provider for small and medium sized businesses in Europe. With this agreement, we can serve more small businesses enabling them to grow and better compete in the market.” He added: ”It also gives Factris the financial flexibility to partner with other small factoring companies who need capital to serve their customers. We are actively seeking new partners in Europe to join the Factris team.”
Headquartered in Amsterdam, Factris aims to make factoring accessible in the most personal and efficient way for SME businesses. The company takes care of invoice matters, so entrepreneurs can focus on making their business grow. Partners can benefit from the scalability and robustness of Factris’ factoring platform. Factris offers stability and scalability through technology and shared processes and resources, while partners offer the personal and local approach that customers need.
Read the full press release here.