Flexfin
2017
Year Founded
2022
Year Selected
Athens, Greece
Location(s)
21-50
Team Size
THE MISSION
FlexFin, a member of Scale Up Cohort 5, helps small and medium-sized businesses in Greece and Cyprus quickly receive the cash they need by turning unpaid invoices and checks into immediate funds. This is especially helpful when companies are waiting for payments from customers but still need money to cover everyday expenses like salaries or bills. FlexFin’s platform makes this process easy by allowing businesses to electronically submit their invoices or checks and receive funding right away.
When a company delivers products to a client with a 60-day payment term, FlexFin provides immediate and upfront payment so users do not need to wait. This helps businesses maintain a steady cash flow and keep operations running smoothly, even during tough financial times. FlexFin’s modern, fee-based service gives SMEs more control over their finances, providing flexibility and security when managing cash flow.
FlexFin has raised $10.85M from investors such as the National Bank of Greece and Raycap.
Flexfin in Three:
What problem is FlexFin Ltd solving? FlexFin addresses the cash flow challenges faced by SMEs, offering quick and flexible financing through electronic invoice and check discounting.
What’s innovative about FlexFin Ltd? FlexFin’s innovative, user-friendly platform allows SMEs to access liquidity efficiently, bypassing traditional, often cumbersome, financing methods.
Who can use FlexFin Ltd? Small and medium-sized enterprises in Greece and Cyprus seeking fast, efficient cash flow management solutions.
OUR TAKE
FlexFin Ltd's unique selling points, including its innovative approach to financing and user-friendly platform, make it an exciting investment opportunity. The company's focus on providing financing and cash flow management services for SMEs aligns with Endeavor's mission of supporting high-impact entrepreneurs and driving economic growth. By leveraging technology to disrupt the traditional financing sector, FlexFin Ltd has the potential to make a significant impact in the SME financing industry in Greece and Cyprus, and we believe it is a compelling investment opportunity.