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Payments General

Factris acquires Lithuanian lendtech Debifo

Tuesday 15 January 2019 | 07:15 AM CET

Factris has completed the total acquisition of Debifo, a working capital provider in Lithuania, for an undisclosed purchase price.

According to the company, Debifo has a 35% market share in the alternative lending space – and growing.

The acquisition of Debifo represents a step in executing the Factris pan-European strategy. Speedinvest and Optima Investments support Factris with additional funding for acquisitions of European working capital providers.

In December 2018, Factris concluded a EUR 100 million credit facility agreement through a Swiss investment advisor Ruvercap. The credit facility will be used to provide working capital to small and medium-sized businesses throughout Europe.

More: Link
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