Factris, an Amsterdam, The Netherlands-based fintech company, secured a 50m EUR funding line from Aegon Asset Management.
The amount of the deal was not disclosed.
With this additional line of funding, Factris is on course to expand their SME financing services into Estonia in Q2 of 2023, as well as provide more business funding opportunities in existing EU markets which include the Netherlands, Belgium, Poland, Lithuania and Latvia.
The company has just reached the milestone of financing €1 billion in invoices in Q1 of 2023.
Led by CEO Brian Reaves, Factris is a fintech company supporting European SMEs with financial technology and financing to improve business results. Since 2017, the company has focused on helping businesses move forward with innovative financial tools like invoice financing, debt management, and insurance to provide SMEs with working capital when and how they need it most.
Factris has also developed new technologies that promote growth and increase financial product availability. These include their proprietary FAB (Finance Automation for Business) platform which makes accessing and managing finances easy and convenient, along with an AI-powered risk management system.
FinSMEs
17/04/2023