Dutch FinTech startup Factris raises €100 million to offer financing solutions for SMEs across Europe
Amsterdam’s Factris, a FinTech specialising in financing solutions for SMEs using invoices as collateral, announced a €100 million funding facility from Brand New Day Bank.
The funding is 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.
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.”
Founded in 2017, Factris is a FinTech company dedicated to empowering SMEs through innovative invoice financing solutions. Operating across several European countries, Factris combines technology with personalised customer support to deliver financing tailored to the needs of growing businesses.
Factris operates through several key components. Its technology includes the FAB (Finance Automation for Business) platform and an AI-powered risk management system, with plans to develop additional financing tools.
Funding relies on diversified sources and a special purpose vehicle (SPV) structure. Risk management uses automated credit management and AI systems to quickly assess transaction risks.
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.
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 securitisation facility is also designed to scale substantially, in line with the increasing demand for SMEs.
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