Amsterdam-based FinTech startup Factris has landed a €100 million securitisation facility from Brand New Day Bank, a move set to accelerate access to financing for small and medium-sized enterprises (SMEs) across Europe.
Founded in 2017, Factris specialises in invoice factoring – providing businesses with liquidity by using unpaid invoices as collateral. The company currently operates in nine European countries and manages receivables from debtors in 27 markets, primarily within the EU.
The fresh capital will allow Factris to expand its SME financing operations at scale, meeting rising demand for alternative funding options as traditional credit channels tighten.
“Brand New Day Bank’s commitment reflects the confidence in our vision to empower SMEs with the financial tools they need to thrive,” said Brian Reaves, CEO of Factris. “This partnership ensures we can meet the growing demand for invoice financing and provide the liquidity that businesses across Europe urgently need.”
Factris has built its offering around a combination of technology and customer-focused support. Its Finance Automation for Business (FAB) platform and AI-powered risk management system streamline credit assessment and transaction monitoring. The startup relies on a diversified funding base and special purpose vehicle (SPV) structures to secure stability, while automated credit tools allow for rapid scaling.
With hubs in the Netherlands and Lithuania, Factris has reported steady growth in adoption of its tech-driven factoring solutions. The company is now eyeing further EU expansion, with the new funding expected to unlock working capital for thousands of SMEs navigating challenging economic conditions.
The securitisation facility is structured to scale further in line with demand, positioning Factris as one of the emerging players shaping Europe’s alternative finance landscape.
