DEBIFO system enables clients to release the working capital frozen for invoices with long payment periods, which is particularly important for business development. This trade mark is considered to hold a 35% share of the alternative (non-banking) factoring market; therefore, this acquisition is a strategic step of Dutch company Factris towards a leading position in the European small and medium-sized businesses financing market.
The acquisition was financed by one of the largest fintech venture capital funds in Europe, Speedinvest, and investment company Optima Investments.
TGS Baltic Partner Dalia Tamašauskaitė - Žilienė, Junior Associate Goda Drąsutė and Trainee Paulius Dabulskis advised the client on all issues related to Lithuanian law and the transaction.
