Amsterdam-based Factris, a fintech company that provides quick, low-cost working capital to European SMEs, announced that it has reached the €1B mark in financing in Q1 of 2023.
The fintech company says it ended 2022 with double-digit growth in average portfolio size, client count, and financing activity, exceeding forecasts.
Factris also reports that it began to make monthly gains in 2022 and reinvested the money back into its expansion.
Growth and development
Statistics from Factris’ 2022 results include: