“The funds will be used to expand our operating capacity, open new branches, develop our sales and marketing team and invest in technology and software. This aid will allow us to boost our lending capacity and better meet our clients’ needs, significantly contributing to Romania’s economic development. The funding is a major step in our collaboration with EIF and is paving the way for new medium and long-term growth and development opportunities,” stated Cristian Ionescu, Instant Factoring CEO.
Instant Factoring started operations in 2018 and has witnessed significant growth since then, aiding underbanked and underserved companies expand their business via 100% digital financial solutions.
(English version by Catalina Apostoiu)