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Factris Secures €100M Funding Facility from Brand New Day Bank to Empower SMEs with Factoring Solutions
Factris, a leading European fintech specializing in financing solutions for small and medium-sized enterprises (SMEs) using invoices as collateral, is proud to announce the launch of a new funding partnership with Brand New Day Bank. The collaboration has resulted in a €100 million facility dedicated to financing SME factoring across Europe, enabling Factris to support sellers in nine countries and manage receivables from debtors in 27—primarily EU markets—demonstrating the scale and reach of its cross-border platform.
This agreement marks a significant milestone in Factris’ mission to deliver fast, accessible, and flexible financing to underserved SMEs across Europe. The new €100 million facility will directly support Factris’ invoice factoring operations, enabling more businesses to unlock working capital and drive growth. The securitization facility is also designed to scale substantially, in line with the increasing demand for SMEs.
Brian Reaves, CEO of Factris, commented:
“This new facility is a testament to the trust and confidence Brand New Day Bank has placed in Factris and our vision for SME financing. As we continue to scale across Europe, this partnership ensures we can meet the increasing demand for alternative financing and provide SMEs with the liquidity they need to thrive.”
With operational hubs in the Netherlands and Lithuania, Factris currently serves clients in nine countries and is actively pursuing further EU expansion. This strategic milestone follows a period of steady growth and increased adoption of Factris’ tech-driven factoring platform.
Brand New Day Bank is a fast-growing neo-bank offering pension savings and investment solutions, making Factris an ideal partner in supporting SMEs with its exceptional risk management capabilities.
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