The European Investment Fund (EIF) and Swedish fintech company Invoier have signed a guarantee agreement worth up to €58m to provide small and medium firms (SMEs) and other companies with better access to funding through loans as well as factoring (another term for invoice trading).
The agreement is supported by the InvestEU programme, which aims to mobilise over €372bn in additional investment for EU policy priorities over the 2021-27 period. Under the terms of the deal, the EIF — part of the European Investment Bank Group (EIB) Group — will offer an InvestEU-backed guarantee to Invoier, allowing the company to provide new credit to its clients on attractive terms.
