Factris is consolidating its position in Lithuania and is expanding into other European markets
The Lithuanian factoring company previously known as Debifo is re-launching as Factris. The move comes after a merger with the Dutch factoring company, Factris, which was completed in January.
Factris wins court case brought by Rabobank
The Amsterdam fintech company Factris does not have to change its name. Rabobank subsidiary Facturis loses summary proceedings against the company. This decision was announced on 3 April by the Court of Amsterdam.
There is a dark side to exporting, but it can be avoided
The desire to grow is probably high on every business owner’s agenda. Some start out trading in their domestic market and then move on to explore overseas opportunities when circumstances permit, while others go global immediately. And this is welcome.
Credit hasn’t always been self-evident
Borrowing is a common practice among governments, businesses, and consumers. In fact,never in the history of humanity has global debt been this high. Few people realize that credit hasn’t always been as popular as it is today.
Factris announces the expansion and investment plans in Lithuania
Factris intends to scale its development team and operations in Lithuania to accelerate the development of its factoring platform and execute on its ambition to become the Pan-European leader of working capital solutions for SMEs.
Building a successful company culture
We all want success in business, and few people here would disagree that company culture has an enormous impact on the performance of a team. There are many ways to cultivate a thriving environment, but after having been involved in building many..
Factris acquires Lithuanian factoring company Debifo
Factris announced the successful conclusion of the 100% acquisition of “Debifo” for an undisclosed purchase price.
Understanding Customer Lifetime Value
In writing about customer value, I am looking at the financial side of the equation that is only part of the overall company journey, but often does not receive enough attention.
Factris concludes EUR 100 million credit facility agreement
Factris announced the successful conclusion of a €100 million credit facility agreement through Swiss investment advisor ruvercap. The credit facility will be used to provide working capital to small and medium-sized businesses throughout Europe.
Factris concludes EUR 1.5 million funding round and Acquires Crown Finance
Factris announced the successful conclusion of the funding round led by the European venture capital fund Speedinvest Fintech.
Leveraging the European Project
The European project has suffered from a lot of negative sentiment lately, with populist movements gaining ground in Hungary and Italy, Brexit and the influx immigrants.
Why peer-to-peer factoring tends to fail
Peer-to-peer (or P2P) platforms have become extremely popular in the financial industry. If you search on Google for peer-to-peer platforms, the majority of the results link to lending platforms.