BankingBusiness

Factris: Enters Belgium

Factris: Enters Belgium

  • Factris’ mission is to empower SMEs through financial technology with personalized guidance
  • Just launched their financing services to SMEs across Belgium
  • This new funding source will help Belgian SMEs access larger amounts of capital via factoring
  • Factoring has already seen steady growth in Belgium, averaging 4.12 million EUR growth in volume year-over-year
  • Looks to expand this exponentially, focusing on automation and AI-powered risk management
  • The fintech already finances SMEs in several European countries, including Lithuania, Latvia, and the Netherlands
Previous article
Lode Resources: Confirms gold mineralisation at Hudson’s
Next article
Westpac: Kicks off milestone partnership with Queensland Rugby Union
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

FinTech

Lloyds Tests Quantum Computing to Strengthen Fraud Detection

The bank explores advanced tech to tackle money mule networks effectively.Highlights: Lloyds is experimenting with quantum computing for...
FinTech

9fin Secures $170 Million Raise, Valued at $1.3 Billion

The fintech platform enhances its funding to accelerate growth and innovation.Highlights: 9fin raised $170 million in a recent...
FinTech

CommBank Enhances Account Onboarding with Password Chip Scanning

New feature streamlines account setup via mobile app for users.Highlights: CommBank introduces password chip scanning in its mobile...
FinTech

Coinbase Receives Conditional Approval for National Trust Bank Charter

The approval marks a significant step for Coinbase in the financial sector.Highlights: Coinbase secures conditional approval for a...