Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. Romanian fintech Instant Factoring IFN to expand its...

Romanian fintech Instant Factoring IFN to expand its debt and institutional capacity to support micro and small companies with EIF support

July 30, 2024

EIF subordinated loan strengthens Instant Factoring’s capital base, helping increase lending to underbanked businesses in Romania. Deal marks first time a Romanian fintech and factoring company receives InvestEU funding. This agreement was facilitated by the InvestEU programme, which aims to trigger over €372 billion in additional investment over the period 2021-2027.   The European Investment Fund (EIF) signed a RON 5 million (€1 million) subordinated loan agreement with Romania-based fintech Instant Factoring IFN to help it expand lending to small businesses in the country.   Instant Factoring is a non-bank financial institution and fintech factoring platform that offers micro and small companies access to financing. Instant Factoring began operations in 2018 and has grown significantly since then by helping underbanked and underserved companies develop their businesses through 100% digital financial solutions.   “With the agreement signed today, Instant Factoring will be enhancing both their debt capacity and their institutional capacity in serving the micro and small companies in Romania, helping to drive economic growth in the region,” said EIF Chief Executive Marjut Falkstedt. “With increasing pressure on EU financial resources, the challenge is to put our capital to work efficiently and effectively, to make sure our support reaches the smallest actors in the economy.”   Instant Factoring Chief Executive Officer Cristian Ionescu said the EIF loan would pave the way for new growth and development opportunities. He also called the support an “important step” in the company’s collaboration with the EIF. “This funding validates our mission to support underfunded and unbanked small and very small businesses,” Ionescu said. “it also confirms our commitment to implementing the highest standards of management and governance, meeting EIF's strict criteria. The funds will be used to expand our operational capacity, open new branches, develop our sales and marketing team and invest in technology and software. This support enables us to increase our lending capacity and better serve our clients' needs, significantly contributing to Romania's economic development.”   Background information   About the European Investment Fund   As of 2 May 2024 the EIF aligns its logo to the EU family, reinforcing its role as a key EU player.   The European Investment Fund (EIF) is part of the European Investment Bank Group. Its central mission is to support Europe's micro, small and medium-sized businesses (SMEs) by helping them to access finance. The EIF designs and develops venture and growth capital, guarantees and microfinance instruments which specifically target this market segment. In this role, the EIF contributes to the pursuit of key EU policy objectives such as competitiveness and growth, innovation and digitalisation, social impact, skills and human capital, climate action and environmental sustainability and more.    The InvestEU programme provides the European Union with crucial long-term funding by leveraging substantial private and public funds in support of a sustainable recovery. It also helps mobilise private investments for EU policy priorities, such as the European Green Deal and the digital transition. The InvestEU programme brings together under one roof the multitude of EU financial instruments currently available to support investment in the European Union, making funding for investment projects in Europe simpler, more efficient and more flexible. The programme consists of three components: the InvestEU Fund, the InvestEU Advisory Hub and the InvestEU Portal. The InvestEU Fund is implemented through financial partners who will invest in projects using the EU budget guarantee of €26.2 billion. The entire budgetary guarantee will back the investment projects of the implementing partners, increase their risk-bearing capacity and thus mobilise at least €372 billion in additional investment.  

Read in full - click here
Iron Maiden to bring ‘Run For Your Lives’ tour to Bucharest in 2026

British heavy metal band Iron Maiden will perform at Bucharest’s National Arena on May 28, 2026, as part of their “Run For Your Lives” anniversary world tour, promoter Emagic announced on Thursday, September 18. The concert will feature a career-spanning setlist highlighting defining moments from the group’s five-decade history, accompanied by what organizers described as […]

Three out of four Romanians believe Ukraine war greatly impacts Romania, survey shows

Three-quarters of Romanians believe that the war in Ukraine affects Romania to a very great and fairly great extent, according to the third edition of the Informat.ro barometer by INSCOP Research, carried out between September 1 and 9. The monthly survey, which aims to bring to public attention topics of interest, shows that “opinions are […]

Romanian investor reportedly buys Bucharest’s emblematic Scala building

Daniela Schoppmeyer, the majority shareholder and general manager of Faberrom, a company that took over in the 1990s most of the spaces of the former APACA clothing factory in western Bucharest, is the new owner of half of the emblematic Scala residential block, on Magheru Boulevard, Profit.ro reported. Schoppmeyer...

Bucharest Parking Company reports strong results, adds over 12,400 new parking spaces in H1

The Bucharest Municipal Parking Company (CMPB) inaugurated 189 new parking facilities with more than 12,400 spaces in the first half of 2025, while revenues from parking fees rose 20% year-on-year to RON 50.4 million (roughly EUR 10 million), the company said on Thursday, September 18.  CMPB reported a net profit of RON 28.3 million for January–June […]

Romanian project creates seagrass meadows, artificial reefs in the Black Sea

Romania has inaugurated underwater seagrass meadows and artificial reefs in the Black Sea as part of a major restoration project aimed at curbing erosion and reviving marine biodiversity, the National Administration “Apele Române” said. More than 20 hectares of seabed have already been planted with Zostera noltii seagrass and transplanted with Cystoseira barbata seaweed, creating […]

Former California pastor accused of sexual abuse, child trafficking at Bucharest shelter

A former pastor from California has been accused of sexual abuse and child trafficking at a shelter he ran in Bucharest, according to lawsuits filed by two Romanian men in the California District Court, AP reported. The complaints, filed by 33-year-old Marian Barbu and 40-year-old Mihai-Constantin Petcu, reportedly say that former pastor and missionary of […]