Member News
Data Republic website
Published
Share
Share on facebook
Share on twitter
Share on linkedin
Share on email

Factris launches in Latvia

Factris, who specialize in invoice factoring and alternative financing, have launched a tailored suite of services in Latvia, citing the rapidly developing market is “ripe for alternative financing”. They will hit the ground running having already on-boarded a number of clients who took note of the benefits of their factoring and ancillary services (such as invoice purchasing and reverse factoring). 

There is a considerable movement towards alternative financing in the SME marketplace, as fintech has provided several more accessible options for low cost working capital provision. Traditional banks can cause frustration and problems for small and medium-sized businesses when they ignore or make it difficult for them to secure a working capital facility. These challenges imposed by banks have created a market for Factris and an edge in these fields by offering their innovative financial solutions and personalised services.

Share this Article
Share on facebook
Share on twitter
Share on linkedin
Share on email
Related Insights
Featured
Amsterdam Fintech Week
Take a look at our yearly fintech festival, Amsterdam FinTech Week. Go on the dedicated website to check out the 2021 wrap up!
AMLD5 Guide
A source for consulting PSD2 legislation coupled with commentary, tips & tricks, applicability, in collaboration with our member law firms.