The platform forges new ways to make financing easier and more available for small and medium businesses

AMSTERDAM, June 10th, 2019 – Fintech company, Factris has launched a new version of their Finance Automation for Business platform or the “FAB” platform for short. This new platform is a crucial piece of the puzzle for Factris that will be used to support their aim of reinventing and improving how business financing takes place. The FAB platform will allow the Amsterdam-based company to support their local sales teams and partners in cities across Europe, which will significantly increase the quality and speed of their financing services to small and medium enterprises (SMEs) throughout the continent.

It’s no secret that the current financial system in Europe can be crippling to SMEs; not only are banks closing branches and making it difficult to speak to a person, SMEs also struggle to gain access to much-needed capital, as this recent study by the World Bank identified. The study found that difficulty obtaining financing was one of the top-three constraints SMEs face when doing business. Factris has taken note of the limitations imposed on SMEs by the current financial system and has responded by developing powerful financing tools and services such as Factoring and Invoice Financing, along with a focus on service at a local level.

More…https://finance.yahoo.com/news/empowering-small-business-factris-disrupts-070000085.html

Written by Yahoo Finance

Related Post

thumbnail
hover

Africa could experience economic growth next...

July 10th, 2020 – Africa’s economic growth could rebound in 2021, provided that governments manage the COVID-19 infection rate well,...

thumbnail
hover

Making health systems stronger while tackling...

July 1th, 2020 – When COVID-19 emerged as a global threat, the World Bank Group responded with the largest and fastest crisis response...

thumbnail
hover

Companies need help to overcome rising...

July 6th, 2020 – As the impact of COVID-19 continues to be felt across the world’s economies, supporting SMEs to maintain operations...