Instant Factoring, the first Romanian online micro-factoring company for SMEs, has received €1.5 million in funding

Instant Factoring, the first Romanian online micro-factoring company for SMEs, has received €1.5 million in funding from a United States-based investment fund. These funds, combined with the company's own capital, will support the expansion of its activities in the Romanian market by scaling micro-financing operations to cover a total invoice volume of up to €20 million in 2019.

The external funding secured by Instant Factoring will also support the company's expansion into other Central and Eastern European markets.

"Securing this funding will allow us to further support small Romanian companies and contribute to the development of a healthy and stable business environment, which is so necessary for our economy and our country. It is no coincidence that we obtained these funds; one of the reasons behind this partnership is precisely our strong social and economic impact, and it also serves as recognition of our positive results in Romanian society and, in the future, in emerging Europe. It is important to have reliable external partners by our side who will support us in the regional expansion process we plan to initiate next year," said Elisa Rusu, CEO and Co-founder of Instant Factoring.

Instant Factoring facilitates the growth of small businesses by providing flexible and innovative financing solutions that turn outstanding invoices into cash. Financing decisions are made within 2 hours, thanks to the platform's advanced technology, and the client receives the funds in their account within a maximum of 24 hours. The entire process is automated and completely online, ensuring speed and transparency without the need for additional paperwork. Standard invoices financed by Instant Factoring are up to 10,000 lei, but financing is also available for larger amounts through personalized offers. This service can be accessed by any company, regardless of size, industry, or geographic location. This eliminates the barriers faced by small companies that have an acute need for liquidity and previously found it difficult or impossible to access through traditional financing methods.

The Instant Factoring micro-financing platform, designed for small businesses and micro-enterprises, was launched in April of this year. In its 7 months of operation, it has attracted 250 clients with a financed invoice volume of €2 million. The company's clients come from various sectors, including transportation, consulting and advertising services, FMCG, construction, and IT.

"Next year, in addition to increasing the volume of processed invoices, we intend to diversify our micro-financing products for SMEs. We are closely monitoring the needs of this business segment and are constantly connected to technological developments so that we can offer our clients innovative and efficient products for their businesses," added Elisa Rusu.

Instant Factoring is the first online micro-factoring fintech company in Romania dedicated to small businesses and micro-enterprises, and a member of the London-based European fintech association Innovate Finance. Instant Factoring is a non-banking financial institution (IFN) registered with the National Bank of Romania. Through the launch of the online factoring platform www.instantfactoring.com, the company has taken on the mission of supporting the development of small companies through fast and easy financing solutions powered by technology.

Instant Factoring was named Best Fintech Startup of the Year in Central Europe at the Central European Startup Awards (CESA Awards).

➡️ Read the full article on economica.net: https://www.economica.net/instant-factoring-prima-companie-romaneasca-de-micro-factoring-online-pentru-imm-uri-a-primit-o-finan-are-de-1-5-milioane-euro_160820.html