FactorPay launches factoring operations on Romanian market

FactorPay IFN SA (FactorPay), a Romanian-based non-bank financial institution, has launched its factoring operations for local micro-small and medium sized companies (MSMEs). The company was set up in June 2024 and has just started to offer factoring for Romanian MSMEs.

“At FactorPay, we understand the challenges MSMEs face in maintaining stable cash flow and navigating periods of uncertainty. That’s why we’re proud to offer innovative factoring services, designed to streamline cash flow management, save time, and mitigate financial risks”, said Manuela Badescu, General Manager of FactorPay.

The offerings of FactorPay include at the beginning factoring solutions like factoring with or without recourse and selective invoice finance.

“We are excited to embark on this journey of growth and collaboration with Romanian entrepreneurs. Together we can build a stronger business environment and help MSMEs thrive”, added Manuela.