The company recently reached the milestone of financing €1bn in invoices in the first quarter of 2023.
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.
This new funding line, the firm claims, complements other partnerships whose funding helped Factris finish 2022 with strong organic growth that included a 58% increase of cumulative financing volume year over year for their pan-European market and an 83% financing-volume increase in the Netherlands alone.