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Factris Continues to Grow Despite Declining Factoring Trend

Factris Continues to Grow Despite Declining Factoring Trend
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.

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Finance Manager at Alternate Capital Provider

Finance Manager at Alternate Capital Provider
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Dexteritas funds Factris with EUR 5 million Facility

Dexteritas funds Factris with EUR 5 million Facility
- Funding from Dexteritas will enable Factris to extend their financing reach by purchasing portfolios from other factoring companies
- The contract puts the fintech company one step closer to becoming the EU s largest SME working-capital provider
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AMSTERDAM, Jan. 27, 2021 /PRNewswire/ Amsterdam-based fintech Factris has recently closed a funding round with the private debt fund Dexteritas for 5MM EUR. This funding will enable Factris to support more factoring companies, acquire loan portfolios, and free up trapped investment capital, propelling them forward to become one of the biggest working-capital providers to SMEs in the EU. This debt funding supplements the recent 50MM EUR senior debt facility provided by NNIP. ....

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New DOD Trusted Capital Program Provides Investment Opportunities | Wiley Rein LLP

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WHAT: The U.S. Department of Defense (DOD) has established a new voluntary program designed to match critical technology companies with vetted sources of private capital.
WHEN: On December 1, 2020, DOD issued a Request for Comment on the Trusted Capital initiative; comments are due February 1, 2021. On January 13, 2021, DOD formally announced the establishment of the Trusted Capital Digital Marketplace.
WHAT DOES IT MEAN FOR INDUSTRY: Companies in the Defense Industrial Base (DIB) seeking investments may consider this initiative to gain access to vetted sources of capital and potentially lessen the risk of a transaction drawing scrutiny from U.S. regulators in the context of foreign investment reviews and other related processes. ....

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