The European Investment Fund (EIF) signed a RON 5m (€1m) subordinated loan agreement with Romania-based fintech Instant Factoring IFN to help it expand lending to small businesses in the country.
Instant Factoring is a non-bank financial institution and fintech factoring platform that offers micro and small companies access to financing. Instant Factoring began operations in 2018 and has grown significantly since then by helping underbanked and underserved companies develop their businesses through 100 per cent digital financial solutions.
