Factris

Factris is a financial technology company headquartered in Amsterdam that specializes in providing working capital to small and medium-sized enterprises (SMEs) across Europe. Founded in 2017 by Brian Reaves and Marcel C Meije, the company aims to make financing more accessible for businesses by turning unpaid invoices into cash, often within 24 hours. Brian Reaves, the CEO, is a seasoned entrepreneur with experience building numerous technology companies globally. The company's history includes several key milestones, such as a seed round led by Speedinvest, the acquisition of Lithuanian invoice financing firm Debifo in 2019, and securing significant funding rounds, including a €50 million facility from Aegon Asset Management and a €100 million facility from Brand New Day Bank.

Factris operates on a factoring business model, where it purchases B2B invoices from SMEs, providing them with immediate liquidity. This service allows businesses to overcome cash flow challenges caused by long payment terms. The company serves a diverse range of industries, including transport, logistics, and cleaning. Its business model is distinct in its combination of advanced technology with personalized service; each client is assigned a dedicated account manager. This approach differentiates Factris from more heavily automated competitors.

The core of Factris's service is its proprietary Finance Automation for Business (FAB) platform. This online platform allows clients to upload and manage their invoices, monitor their financial portfolio, and access funds quickly. The system integrates AI-powered risk management to assess transactions, automate credit management, and provide trade credit insurance, protecting clients against risks like buyer insolvency and non-payment. In addition to financing, Factris takes over the debt management process, allowing entrepreneurs to focus on their core business activities. The company has expanded its services across several European countries, including the Netherlands, Latvia, Lithuania, Belgium, and Poland, with plans for further growth across the EU.

Keywords: invoice financing, factoring, working capital solutions, SME financing, financial technology, debt management, trade credit insurance, B2B finance, liquidity management, accounts receivable financing, alternative lending, cross-border financing, Finance Automation for Business (FAB), cash flow management, risk management, European fintech, Amsterdam startup, asset-based lending, invoice discounting, credit management