FRENNS

10 million European SMEs, representing 4tn Euro in revenue lose out on business opportunities and opportunities for growth every day.  Invoice financing is an efficient way for SMEs to get money fast.  However, traditional factoring companies have not typically serviced SME's invoices as they are usually too small, or the SME has insufficient credit history.  Furthermore, traditional factoring fees can be prohibitively expensive for SMEs. 

FRENNS is an online platform on which small businesses can auction off their invoices for cash.  The platform eliminates the middle man, utilises advanced automation techniques along with high-speed and efficient invoice financing capabilities, thus reducing costs for SMEs whilst at the same time maximising returns for investors.  The platform also utilises Artificial Intelligence techniques to verify the financial information of SMEs as well as for fraud detection purposes.  The FRENNS platform also provides helpful financial insights assisting business owners to make better decisions leading to more profitable outcomes.

FRENNS is transforming the market by giving underepresented SMEs ready access to competatively priced invoice financing capabilities and helping them become more profitable and engendering growth.