Factris has announced the launch of financing services suited for small and medium-sized enterprises in Latvia through its wholly owned subsidiary, based in Riga. While traditional banks can cause frustration and problems for small and medium-sized businesses when they ignore or make it difficult for them to secure a working capital facility, Factris says it eliminates these problems with its financial solutions and personalised services.

Kaspar Barons was named the Managing Director of the operations in Latvia. Barons has more than 10 years experience in banking and lending in the Baltics, starting his career with GE Money and then moving on to Latvian finance organisations Citadele Bank, Greencredit and Monify.

Factris has also promoted Chantal Molenaar to Managing Director of the Netherlands and Paulius Jauga to Managing Director of Lithuania. Both Molenaar and Jauga have proven invaluable to the success of Factris, demonstrating both leadership skills and execution capabilities.