Used by companies to transform their customer receivables into liquidity, factoring now adapts to the digital age. France represents a major weight in factoring, with approximately 17.5 % of the European market And 11 % of the world marketit is positioned second in the world, just behind China. For the past ten years, fintechs specializing in the financing of VSEs/SMEs have multiplied. among which Infacto,, Hero Or Karmen
The Dutch company Factris has made it its core business, by combining automation and artificial intelligence to simplify access to financing of SMEs.
Created in 2017, Factris has developed a technological platform called Fab (Finance Automation for Business) and a risk assessment system fueled by AI. These tools make it possible to quickly analyze the solidity of debtors, automate credit management and optimize transactions coverage. The company completes this digital infrastructure by support, considered essential to reassure managers of SMEs often unfamiliar with complex financial tools.
In this context, Factris announced that it had obtained a funding line of 100 million euros from Brand New Day Bank. This envelope, backed by a securitization structure and designed to be expandable, must be used to strengthen the factoring of FinTech and support its European expansion. Factris was founded in 2017 by Brian Reaves and its headquarters is located in Amsterdam.
Factris says today operating in nine countries, with coverage of debtors distributed in 27 markets. Its operational hubs in the Netherlands and in Lithuania serve as a relay for its expansion, especially in central Europe and in the Baltic countries.
