“Growth is mainly due to the new business segment, which grew 18% on the year, and the current customer portfolio. Most of our customers opting for factoring and reverse factoring solutions are in IT&C, outsourcing, utilities and retail,” said Next Capital manager Bogdan Rosu.
Commercial credit has extended to all sectors and payment terms have reached six months and even one year in some cases and companies are looking for solutions to finance working capital.
IFN Next Capital Finance, established in November 2006, is part of Next Capital Group, which provides lending solutions, debt claim management and advisory, as well as BPO (Business Process Outsourcing) services.