Instant Factoring currently has 2,500 companies registered on its platform, of which approximately 1,000 have benefited or continue to benefit from financing.
The non-banking financial institution Instant Factoring, a Romanian online micro-factoring start-up for SMEs, which has attracted €3.5 million in working capital from several international investment funds in its two years of operation, plans to expand into two new markets and raise €4–5 million in funding to support its development plans.
"In the short term, we want to consolidate our operations in Romania and expand into two international markets. Everything we learn from these regional expansion initiatives will be the starting point for an accelerated international expansion program. We are in advanced discussions with international funds for a Series A capital raise of €4–5 million by the end of 2021, which will support our accelerated global expansion," Cristian Ionescu, CEO and co-founder of Instant Factoring, told ZF.
➡️ Read the full article on zf.ro: https://www.zf.ro/business-hi-tech/cristian-ionescu-ceo-instant-factoring-discutii-avansate-fonduri-19854060.
Turn an issued invoice into cash in 24h.
You focus on your business, we support your cash flow. Collect cash from your issued invoices instantly, without waiting 30, 60, 90, or 120 days until the payment term.
Table of contents