“The new financing round will allow us to grow on the two markets and also to invest in software and technology development to accelerate digital business processes, in the development of new digital financial products and expanding the area of capabilities”, said Cristian Ionescu, CEO of Instant Factoring.
The funds raised represent a capital investment and loans from existing shareholders in proportion of 45% of the total, and an additional loan from financial creditors in the US in proportion of 55% of the total that will be meant to increase the invoice funding capital.
Since 2018, Instant Factoring has raised working capital worth EUR3.5 million from several international investment funds.
Instant Factoring currently has 2,500 companies on its platform, of which almost 1,000 benefited or continue to benefit from financing from Instant Factoring.