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Factris acquire leading Lithuanian working capital provider, Debifo

With a 35% market share in the Lithuanian alt-lending market, Debifo is a rapidly emerging invoice financing solutions provider, and another momentous step in Factris’ pan-European strategy. 

Factris are using the fintech wave to reinvent factoring, and automate the process of on-selling accounts receivables whilst maintaining a personal touch. Their CEO, Brian Reaves, proffered: “We are excited to be working with Debifo. They are a really driven team that has achieved strong results in Lithuania. We are looking forward to fostering Debifo’s talent as Factris expands across Europe to become the leading working capital provider to SMEs”.

This latest news comes after a EUR 100 million credit facility agreement through a Swiss investment advisor Ruvercap in December. For more details on the acquisition and Factris, read the full release.

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