About

Flexfin is a modern factoring company regulated by the Bank of Greece. We help our clients via an online platform with their short-term cash flow needs by providing invoice finance, while we also assist with cash collection and invoice reconciliation. We service clients in Greece and Cyprus irrespective of industry sector, legal form, company size or type of product sold.

Solution & Product

Flexfin operates an online platform on which our clients can manage their accounts, request financing and take action quickly and easily from the comfort of their place of business, without having to ever visit our offices. Our customers can choose when and what they would like to finance, with no invoice being too small, while we take care of cheque collections and monthly ledger reconciliation. We typically provide 80% of the value of any financed invoice, including VAT, upfront and the remaining 20% minus our fees at the invoice repayment date. This enables our customers to pay their suppliers, their operating costs, their tax obligations etc. without having to wait until their clients repay them, months after having delivered their goods or rendered their services.

Innovation & Scalability

At Flexfin we wish to change the way small businesses think about their sales receivables, by offering them simple, transparent and practical financing solutions with minimal paperwork, and no hidden costs, while never leaving their place of business unless they choose to. We are happy to help any business without strict criteria such as minimum size, type of company etc. and we are flexible in our financing approvals, as we place great importance on the quality of the receivables we are called to finance (i.e. our clients’ clients). Any business that has at least one credit-worthy client may come to Flexfin and request invoice financing.

Traction & achievements

Flexfin is the first and only Greek factoring company which is not a bank subsidiary. The Bank of Greece granted our operating license in the summer of 2019. Since then we have already helped many businesses all over the country with their trade finance needs, surpassing € 10 million in financed invoices in our first full operating year.

Team & Why Us

Flexfin was founded by Alex Kelaiditis and Dimitris Vranopoulos and is run by a highly experienced management team in banking, finance and technology

Funding Needs

No equity required, as we are well-funded from a diverse group of high-quality shareholders, such as the National Bank of Greece, as well as successful entrepreneurs and business executives, who all share our vision and have provided Flexfin with a strong capital base. Flexfin is always looking for cost-effective and efficient financing solutions which will provide leverage for its growing business.