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Sunday, March 3, 2024
HomeNewsNew Green Financing Service Helps Small and Medium Companies to Even Better...

New Green Financing Service Helps Small and Medium Companies to Even Better Financing

The Stockholm-based fintech company Invoier continues to challenge established factoring suppliers and is now launching the first, green factoring service. Green Factoring ™ wants to be able to match investors’ earmarked capital with the growth needs of small and medium-sized companies (SMEs), something that has so far only been available to large companies in practice. By demonstrating efforts for a positive climate impact, SMEs can now, for the first time, have the opportunity for even more affordable financing.

Earmarked, green capital from investors usually comes with lower return requirements and is thus more financially advantageous for the receiving company. In practice, however, green capital is limited to larger companies that already have their own resources to invest in deeper analyzes or employ specific resources in sustainability for the same purpose. Thus, green capital today is usually limited to large companies, with a focus on listed ones.

Considering that 99.9% of Swedish companies consist of SMEs and at the same time it is they who create 4 out of 5 new jobs, it feels unfair that they would not have the same opportunities for good financing.

Fredrik Mistander, CEO & Co-Founder Invoier

The new Green Factoring service is aimed directly at small and medium-sized companies in the financial area of ​​invoice trading, which is used to optimize liquidity flows and create conditions for growth. Companies can qualify directly by demonstrating their climate impact or get indications of further efforts they may need to make to gain access to the cheaper, green capital.

We want to reward the companies that are already working for sustainability and encourage those who have not really taken the step yet but want to start their journey. Our piece of the puzzle is to solve the financing at a lower price for them, Fredrik continues.

Chris Crespo
Chris Crespohttp://nordicfintechmagazine.com
Chris is a Founding Partner and Chief Editor at Nordic Fintech Magazine, where he simplifies complex financial ideas into easy-to-understand content. With nearly 20 years of experience in management consulting and financial services, including leadership roles with some of Europe's largest banks, he offers profound industry insights. Previously serving as the Chief Futurist at the largest bank in the Nordics, Chris has sharp views on the Future of Financial Services, Money, Disruption, and Ethical AI in Finance. He is also a guest lecturer at Stanford University, Singularity University and Copenhagen Business School, where he frequently discusses the future of Money, Finance, and Entrepreneurship in Financial Services. As a Behavioral Economist, Chris is passionate about studying how human behavior and decision-making relate to risk. He also delves into the connections between psychology, leadership, and technology within financial services.
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