In 2017, the invoice financing company Debifo earned even more trust from both clients and investors – the company improved all key performance indicators and attracted new clients, thus becoming the largest non-bank invoice financer in Lithuania by the number of clients.
The number of Debifo clients grew from 50 in 2016 to 153 last year. According to Justas Šaltinis, Director of Debifo, active adaptation of services to the needs of small and medium-sized business could be pointed out among the key reasons for this growth.
“Last year, flexibility, transparent price and speed were our key priorities. We approve financing within…
During the second year of its activities the largest non-bank invoice financing company in Lithuania increased the factoring portfolio by four times – up to EUR 2.5 million and financed invoices for EUR 11.2 million. Invoice financing facility was used by more than 100 small and medium-sized businesses who financed 1 790 invoices.
“In the first year of our activities we still tested the demand of Lithuanian business for an invoice financing product, whereas the second year was focused on the active introduction of a non-bank invoice financing product to the market and could be characterised by active growth. Each month…
By Justas Šaltinis, Founder and CEO of DEBIFO | February 2017
DEBIFO offers selective invoice financing services to clients based in Lithuania. We offer both confidential and disclosed invoice financing for invoices issued to large foreign and local corporations. Invoice financing allows small and new businesses holding invoices against large and trustworthy corporations to quickly turn receivables into working capital and balance cash flows. (more…)
MUNDUS Bridge Finance has signed an investment agreement with DEBIFO to provide up to EUR 10 million of debt financing to support DEBIFO portfolio growth over the next 5 years.
DEBIFO offers invoice financing services to small- and medium-sized businesses in Lithuania. Unlike banks, DEBIFO does not require long-term contracts or commitments to finance all issued invoices. Moreover, financing is accessible to small and young enterprises as long as they have large and reliable clients. Additionally, decisions are made and financing is provided within several days.
“Since beginning cooperation with Mintos, the DEBIFO portfolio has almost tripled in value, our…
One of the most recent developments in the Baltic alternative finance market is invoice financing. DEBIFO is the first company in Lithuania to start offering invoice financing to Lithuania’s small and medium-sized businesses that lack working capital but have unpaid invoices issued to large and creditworthy companies. Fighting their way to the top of the market, in less than one year, DEBIFO has financed more than EUR 1.8 million of invoices. (more…)
We are very pleased to announce our cooperation with the Lithuanian company DEBIFO, which provides invoice financing services to small and medium enterprises with their invoices (i.e. accounts receivables) as collateral. DEFIBO has been in operation since May 2015 and has already financed over EUR 1 million of invoices. (more…)