- Instant Factoring financed over 800 clients in 2023, with the total amount reaching 250 million RON.
- Of the total clients financed, 33% have young shareholders under the age of 35, 22% of the financed companies were start-ups, and 34% are companies from rural areas.
- 34% of the companies that financed their invoices through Instant Factoring are led by women.
- The most financed industries: transportation, construction, wholesale and retail trade, small-scale production, and business services.
For the third consecutive year, Instant Factoring has won the award for the best digital factoring platform in Central and Eastern Europe. The award was presented by the SME Banking Club Europe to Cristian Ionescu, CEO of Instant Factoring, during a ceremony held in Krakow, Poland.
The Romanian fintech for small and medium-sized enterprise micro-financing has won the award for the best factoring platform again this year, for the 3rd time in a row, in the non-banking financial institution category, alongside SMEO, a digital factoring solution from Poland.
“This award is a recognition of all the hard work put in by our team. I dedicate this trophy to the teams in Romania and Serbia who work day and night to keep our clients satisfied and help them reach the next level”, stated Cristian Ionescu during the event held in Krakow.
In 2023, Instant Factoring celebrated 5 years of activity in Romania, demonstrating each year that it is an extremely useful solution for entrepreneurs who need financing for their businesses. During this period, the companies most in need of financing were those operating in the fields of transportation, construction, wholesale and retail trade, small-scale production, and business services.
“Beyond quick access to cash, which can be essential for SMEs, factoring has another important advantage: the digital component. The fact that an entrepreneur can upload invoices issued to clients into an online platform without having to make trips or deal with bureaucracy, and receive the money within a day, shows us that the financial services market has evolved and is trying to find solutions for everyone who makes the Romanian economy work. This is what the Instant Factoring team tries to do every day: to innovate and make life easier for entrepreneurs in our country”, affirmed Cristian Ionescu.
Over 800 entrepreneurs turned to Instant Factoring in 2023
This year, Instant Factoring financed over 800 clients, with the total amount reaching 250 million RON.
“The year 2023 showed us, more than ever, how much of a need for financing there is in the SME sector. It was certainly another challenging year for small and medium-sized businesses in Romania, and we are proud to be an important part of their evolution. Regarding the financing we provided, this year we reached 50 million euros, a 43% increase compared to last year”, explained Cristian Ionescu.
Instant Factoring: social impact figures in 2023
This year, of the total clients financed, 33% have young shareholders under the age of 35, 22% of the financed companies were start-ups, and 34% are companies from rural areas. Additionally, 34% of the companies that financed their invoices through Instant Factoring are led by women.
“In the first 11 months of 2023, we granted 14,923 loans. This is a significant figure that reflects the efforts of the entire Instant Factoring team, who will continue to do their utmost in 2024 to remain an active part of the Romanian entrepreneurial landscape. We have big plans, and I am confident that with each passing year, we will continue to prove that we remain an essential partner in the success journey of businesses in our country., added Cristian Ionescu.
Factoring, a 100% digital solution available to every entrepreneur in Romania
Factoring is an alternative financing solution that gives entrepreneurs the ability to collect on issued invoices before their due date. The mechanism is simple and takes place 100% online, allowing entrepreneurs to overcome cash flow crises and invest in the growth of their business.
Instant Factoring was created in response to the need for micro-companies and small entrepreneurs in Romania to have access to fast and flexible sources of working capital, such as paying suppliers, employees, and taxes on time, or fulfilling new orders. Using technology, Instant Factoring provides companies with access to funds exactly when they need them, through a 100% online process.
Discover the full articole on hotnews.ro: https://hotnews.ro/instant-factoring-desemnata-cea-mai-buna-platforma-de-factoring-digital-din-europa-centrala-si-de-est-pentru-al-treilea-an-consecutiv-compania-are-o-crestere-de-43-n-2023-28136
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