As highlighted in a recent announcement by the bank, FlexFin is the first fintech company to operate in the provision of factoring services in Greece and Cyprus, offering tailored liquidity solutions that meet the specific needs of small and medium-sized enterprises (SMEs).
Thanks to its innovative platform, which delivers convenience, speed, flexibility, and transparency, FlexFin has positioned itself as a leading player in the financing of SMEs.
Alpha Bank plans to merge its factoring operations in Greece, currently carried out by ABC FACTORS and FlexFin—both fully owned subsidiaries of Alpha Holding—into a single, unified corporate entity, subject to the required regulatory approvals and licenses.
ABC FACTORS holds a dominant position in the Greek factoring market, with a track record of steady and robust growth. The company has partnered with over 2,200 Greek businesses across a diverse range of sectors and has managed commercial receivables for more than 16,000 businesses and buyers across Greece.
