NIBC acquires stake in FinTech FlinqerPress Release -
NIBC has taken a 30% stake in FinTech company Flinqer, a platform for cashflow management and dynamic discounting. This investment expands NIBC’s range of solutions for entrepreneurs. The investment also enables Flinqer to finance its ambitious growth plans.
Faster payment, more working capital
Flinqer strengthens supply chains by enabling money to flow more quickly through the chain. Flinqer’s cloud platform brings together suppliers and clients, so that cash flows are better aligned. Some 70% of suppliers indicate they have a need for insight into the invoicing process. Invoice information is shared between suppliers and clients via the Flinqer platform, giving participating companies direct insight into expected cash flows. Using Flinqer Dynamic Discounting, invoices are paid faster and small & medium-sized companies (SMEs) improve the health of their cash flows. Money flows more quickly through the chain and the their investment capacity is increased.
Bram Hulshof, Managing Director of Flinqer, says: “Since we founded Flinqer, € 3.5 billion has passed through our platform. With NIBC as strategic partner, we can further develop the platform and accelerate our growth. By helping SMEs get their invoices paid more quickly, Flinqer helps improve access to working capital. Making Cash Flow has always been our driving force.”
Paulus de Wilt, CEO of NIBC, says: “NIBC has always focused primarily on medium-sized companies that value our entrepreneurial and inventive approach. Healthy companies are able to invest and grow, generating jobs and contributing to economic growth. We support the engine of the Dutch economy by providing expert advice, customised financing and capital market solutions tailored to our clients’ specific needs. With this investment in FinTech Flinqer, we are expanding our service offering.”