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Factris
Helping customers by providing working capital using their unpaid invoices
- 21-100 employees
- Fintech
- B2B
- Lending
- Het Funen, Amsterdam, Netherlands
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Company mission
Their mission is to empower SMEs through financial technology with personalised guidance.
0% employee growth in 12 months
Our take
Factris specialises in the fields of SME financing, factoring, debt management, debtor insurance, and invoice finance. Factoring, which is Factris’ primary form of financing, helps customers by providing working capital using their unpaid invoices.
Factris finances SMEs in Lithuania, Latvia and the Netherlands and have recently also expanded into Belgium. Their main competitors include CredPal, Nexoos, Opploans and Upgrade. However this hasn't slowed Factris down as they've seen steady growth despite the declining trend of factoring industrywide.
With their recent funding, the company is planning on expanding its operations and business reach, allowing them to offer their financing to more businesses. They are also onboarding other factoring companies to become Factris brokers or partners, thus further extending their financing impact throughout the EU.
Freddie
Company Specialist at Welcome to the Jungle
Funding (last 2 of 4 rounds)
Jun 2022
$10.6m
EARLY VC
Sep 2020
$5.3m
SERIES A
Total funding: $19m
Leadership
Brice Laurent
(CFO)They formerly co-founded Cashly, where they served as Managing Director.
Marcel C. Meijer
(CRO)They also co-founded Budgetcoach Groep and CS Factoring B.V.