NIBC supports growth of Floryn with senior financing

NIBC provided senior financing for Floryn, a fast-growing Dutch FinTech active in the credit market for small and medium-sized businesses. With the new financing, Floryn is able to continue to follow their ambitious growth strategy by helping more and larger companies.

"NIBC is constantly looking for opportunities to strengthen relationships with FinTech companies who provide a relevant contribution to the new financial ecosystem," says Jeroen Conijn head of FinTech and Structured Finance at NIBC. "We are very happy to welcome Floryn as a customer, an innovative lender that fits well with NIBC's core values of entrepreneurship, who convinced us with their distinctive technology-driven approach."

“NIBC is a bank that is willing to take our perspective and came up with a scalable solution that met our needs” says Sven van der Biezen, CEO at Floryn, “They put us first, exactly like we do with our customers”.

Floryn, previously known as InvoiceFinance, received more than 4,600 credit applications last quarter which were processed at the speed of light with the help of smart technology, such as data analysis and machine learning. Floryn uses artificial intelligence to look at data from bank transactions and hundreds of other sources to quickly grasp the performance of a company, by which not only a faster but also better risk analysis can be made.