Breaking News
Factris Expands Factoring into Belgium
Fintech Factris has just launched their financing services to SMEs across Belgium. This new funding source will help Belgian SMEs access larger amounts of capital via factoring. This expansion, part of a larger pan-European strategy for Factris, will bolster the hundreds of thousands of small and medium-sized businesses, accounting for 99.85% of all firms in Belgium.
Factoring has already seen steady growth in Belgium, averaging 4.12 million EUR growth in volume year-over-year over the past five years. However, Factris looks to expand this exponentially, focusing on automation and AI-powered risk management, making applications easier and approval faster, all while invoicing larger amounts than other factoring companies can offer.
The fintech already finances SMEs in several European countries, including Lithuania, Latvia, and the Netherlands, where they are the largest alternative financier that operates internationally. Factris is also slated to expand into two other markets by the end of 2022.
CEO Brian Reaves commented, “With our expansion into Belgium, Factris is one step closer to making our pan-European vision a reality, helping thousands of SMEs across the EU access quick cash flow, factoring will become an even more common alternative to bank loans.”
People In This Post
Companies In This Post
- InsurTech NY: Pliant on Automating Payouts and Fighting Insurance Fraud with Virtual Cards Read more
- InsurTech NY: Scout Insurtech Reveals the AI Paradox Read more
- NOTO: Why Fraud is Now Your Financial Institution’s Competitive Differentiator Read more
- Finastra: Why AI Is Accelerating Bank Modernisation Read more
- Finastra: How AI and Modernisation Are Converging Read more
Coadjute Announces the First Digital Human to Assist in the Battle Against Money Laundering in the UK
Coadjute has deployed Clara, the UK’s first digital human designed to support estate agents and their buyers and sellers with essential AML checks.
Nymbus Launches Industry-Leading, Secure MCP Server for AI-Driven Core Banking Actions
Nymbus announced the launch of the Nymbus MCP Server, one of the first secure MCP servers purpose-made for core banking
FintechOS Launches the Customer Technology Preview of FintechOS 8, Bringing Governed AI into Financial Product Operations
FintechOS announced the CTP of FintechOS 8 enabling banks and insurers to innovate and modernize financial products with greater control of data and AI
Oracle Brings New AI Agent-Driven Capabilities to its Industry- Leading Financial Crime and Compliance Portfolio
Oracle continues to strengthen its financial crime and compliance portfolio with new AI capabilities
Simply Asset Finance Announces Partnership with Lombard
Specialist SME lender, Simply Asset Finance, has announced a ground-breaking new partnership with Lombard, part of NatWest Group, that will combine the unique strengths of each business to significantly extend Lombard’s reach into the scale-up market and deliver the support of tech-enabled lending to businesses across the UK.
Profitus Partners with Axiology to Launch Bond Investments
The crowdfunding platform Profitus is launching digital bonds in collaboration with the EU-licensed distributed ledger technology (DLT) capital markets infrastructure provider Axiology. The partnership simplifies the bond investment process and provides investors with access to a reliable and innovative solution that ensures convenience and transparency.
Apex Group Appoints Jamie MacLeod as Executive Chair of the Apex Foundation and Apex Wealth
Apex Group Ltd (“Apex Group”), a global financial services provider with over $3.5 trillion in assets serviced, today announced the appointment of Jamie MacLeod as Executive Chair of the Apex Foundation and Apex Wealth.
InsurTech NY: Pliant on Automating Payouts and Fighting Insurance Fraud with Virtual Cards
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
InsurTech NY: Scout Insurtech Reveals the AI Paradox
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
NOTO: Why Fraud is Now Your Financial Institution’s Competitive Differentiator
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Finastra: Why AI Is Accelerating Bank Modernisation
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Finastra: How AI and Modernisation Are Converging
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
COVU Launches COVU OS, the AI-Native Operating Layer Rebuilding How Insurance Work Gets Done
COVU announced the launch of COVU OS, the core operating layer of its AI-native operating stack for insurance distribution
Tribe Payments Joins Emerging Payments Association Asia as APAC Expansion Gathers Pace
Tribe Payments has joined the EPAA, strengthening its engagement with banks, fintechs and payment providers across the Asia-Pacific payments ecosystem.