The factoring market in Germany has remained fairly steady in the last few months, with DG Bank continuing their dominance of the market. It remains to be seen whether Eurofactors will live up to their potential and stir up the market. The most significant development in recent months, according to Ulrich Bongartz, Managing Director of Bertelsmann Distribution GmbH, is the competition which is hotting up for filling the financing gap in an business to business transaction on the internet between two companies, previously unknown to each other.
