Enterprise Finance Europe (EFE), the receivables finance and asset-based lender which launched in the UK just over 12 months ago, has taken its first step into Continental Europe by expanding its operations into Germany. The German head office is located in Frankfurt am Main with regional presence in the north, west and south of Germany.
Terry Hannaway, chief executive officer of EFE said: "Current German market penetration of receivables based finance (RBF) products is lower than that in the UK so there is significant market potential due to changing conditions. The sector has experienced an annual growth of over 16 per cent in recent years."
Headed by Achim Schmidt, the EFE German team has over 45 years of experience in the factoring industry, from a range of institutions, such as DG Diskontbank, Euro Sales Finance and GE Capital Finance GmbH.
