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December 9, 2022

TBI Bank and Instant Factoring provide a unique solution for entrepreneurs and SMEs: The first complete tool for financing digital invoices

TBI Bank, one of the leading phygital lenders in the South Eastern European region, and Instant Factoring, the first Romanian online factoring company, developed a new digital invoice financing solution, in an atypically context, where the current pandemic accelerated the negative impact of uncollected invoices. The two companies are now providing to their customers a “one stop shop” digital invoice financing.

The new service allows any TBI Bank customer to be able to turn their uncollected invoices into cash in a fast and transparent way. With a single click, the applicant is redirected to Instant Factoring’s platform, creates an account, uploads the invoices he wants to collect without waiting for the due date, the analysis is completed in 2 hours and by the next day the client receives the money in the account.

“Business clients have complex financing needs and that also includes converting receivables into liquidity. This way, they can ensure quicker access to cash flows and limit the impact of long-term revenue collection periods on their activity. We are always looking out for our clients’ business context and needs, so we are now including a factoring solution in our financing portfolio”, says Florentina Mircea (photo), Chief Business Banking Officer at TBI Bank.

Through this flexible service and within the reach of entrepreneurs, Instant Factoring offered last year 77 million lei financing to small and medium companies, an increase of 90% compared to 2019.

“Our mission is to support Romanian SMEs and entrepreneurs through an invoice financing solution with an easy and fast access, a suitable tool for their needs, especially at a time as difficult as the one we are facing. The partnership with TBI Bank is an opportunity to bring our solutions closer to those who need them in order to support their business and, implicitly, to support the recovery of the national economy”, declared Cristian Ionescu, CEO and co-founder Instant Factoring.



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