Factris

Factris is a Dutch fintech startup founded in 2017 with a clear mission - to support and nurture small and medium-sized businesses. The company's slogan, "Binnen 24 uur betalen wij jouw factuur uit zodat jij werkkapitaal hebt om je bedrijf te laten groeien!", reflects its commitment to providing quick and accessible working capital solutions to enable business growth. Factris offers a unique factoring service where businesses retain control, selecting the invoices they want to factor, and in return, Factris ensures that the money is swiftly deposited into their accounts within 24 hours. Furthermore, the company provides credit insurance for these invoices, safeguarding clients against unforeseen risks such as non-payment and insolvency, while also managing accounts receivable to alleviate administrative burdens. In April 2023, Factris secured a substantial €50.00M Debt Financing investment from Aegon Asset Management, signaling confidence in the company's model and potential for further expansion. This investment not only signifies financial backing but also an endorsement of Factris's value proposition, indicating a positive trajectory for the financial services and fintech industry. Overall, Factris's tailored approach to financial services and its recent significant investment position it as a promising player in the fintech landscape, with potential to drive meaningful impact for businesses in the Netherlands and beyond.