Lendscape bolsters support for German factoring market

Lendscape has become an official member of the Federal Association of Factoring for SMEs (BFM) in Germany. The announcement follows the hiring of key roles to support the region, showing Lendscape’s commitment to the German market.

Established in 2001, BFM is a non-political, non-profit organization committed to support small and medium-sized enterprises (SMEs) and the interests of medium-sized factoring companies in Germany. Additionally, the association provides a forum for discussion to help shape the best framework for all aspects of factoring, maintaining dialogue with government representatives and relevant authorities, and supporting the quality assurance of specialist organizations facilitating factoring.

“BFM is delighted that Lendscape has joined our association, and we look forward to cooperating in the best interests of the German factoring industry, helping under-served enterprises,” said Michael Ritter, Chairman of BFM.

Factoring, along with wider bank support and initiatives, offers vital support for SMEs – who form the backbone of the German economy. Membership of BFM brings Lendscape closer to the banks and financial institutions that provide factoring services.

“The BFM shares our goal of driving the factoring industry forward. We look forward to working with association members on supporting the German market and help local financial institutions to leverage technology and innovation in support of delivering more seamless customer and user experiences,” commented Kevin Day (pictured), CEO at Lendscape.