Financial network Flinqer reports 40% quarterly growth

Tuesday 2 July 2013 00:15 CET | News

Dutch-based collaborative cash management network Flinqer has reported to have settled 40 percent more invoice value in the 2nd quarter compared to the first quarter (EUR 9 million).

Because of a strong rising demand by companies which increasingly suffer to get their working capital financed by banks, Flinqer expanded ways for these companies to increase their grip on cash flow and reduce their financing need. It is expected that the current number of 750 companies which currently use Flinqer will quickly increase.

Established in 2010, Flinqer is a start-up company looking to facilitate more flexible cash management for medium and large companies. Like supply chain management optimizes the flow of goods between business partners throughout the chain, Flinqer introduces a means to achieve a similar impact on the flow of cash between businesses throughout the chain.

In recent news, Flinqer has handled an invoice value volume of over EUR 15 million in the course of 2012.

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Keywords: Flinqer, Netherlands, e-invoicing
Categories: Banking & Fintech
Countries: World
This article is part of category

Banking & Fintech