Finora Capital, an Estonian licenced credit provider and Advance Global Capital Ltd (AGC), a UK based fund manager signed a loan agreement to expedite the growth of Finora’s factoring business. AGC is providing a revolving credit facility which provides Finora with flexible financing that allows it to grow hand-in-hand with the demand for factoring services.
„We are delighted to be working with Finora Capital through whom we have been able to expand our business into Estonia“, said Gilles Sablin, the Chief Investment Officer of AGC. „Our credit facilities in other parts of the world show that SMEs are in constant need for smooth, flexible and affordable credit solutions. Together with professional team of Finora Capital we will be able to assist Estonian companies to grow“.
„Factoring has been fastest growing credit product in our portfolio over last 12 months, so there is clear demand from SMEs“, says Andrus Alber, the founder and CEO of Finora Capital. „The credit line from AGC provides us certainty to keep expanding our factoring offer“.