Factris, a fintech firm based out of Amsterdam has officially announced the acquisition of Lithuanian firm ‘Debifo’ for an undisclosed amount. This acquisition marks another milestone for the fintech startup as it aims to become the biggest company in accounts financing and services.
Notably, Factris received support from Speedinvest and Optima Investments for additional funding in this acquisition process. With this move, Justas Saltinis, CEO and founder of DEBIFO, will join Factris management board as Chief Operational Officer (COO).