EIF and Swedish fintech Invoier boost European SMEs with €58m financing

The European Investment Fund (EIF) and Swedish fintech company Invoier have signed a guarantee agreement worth up to €58 million to provide small and medium firms (SMEs) and other companies with better access to funding through loans as well as factoring (another term for invoice trading).

The agreement is supported by the InvestEU programme, which aims to mobilise over €372 billion in additional investment for EU policy priorities over the 2021-27 period. Under the terms of the deal, the EIF - part of the European Investment Bank Group (EIB) Group, will offer an InvestEU-backed guarantee to Invoier, allowing the company to provide new credit to its clients on attractive terms.

Marjut Falkstedt, CEO, EIF: ''Responding to the challenges that SMEs in Europe are facing when it comes to growth, we are excited to announce this capped guarantee agreement with our new innovative partner Invoier. This agreement, backed by the InvestEU programme, will cover factoring and loan transactions with SMEs. Through the AI-driven marketplace that Invoier offers, Swedish businesses will have easier access to finance, helping them adopt a more sustainable footing, driving growth and improving competitiveness.''

SMEs across Europe, especially those that have yet to establish a track record, can face difficulties accessing finance. This agreement addresses this problem by making it easier for Swedish SMEs to get the funds they need to expand, innovate and create jobs. This, in turn, will further key policy objectives like boosting Europe's competitiveness, fostering sustainable economic growth and supporting the digital transformation.

Paolo Gentiloni, European Commissioner for Economy: ''SMEs are the backbone of the European economy. I am delighted that, with today’s agreement, InvestEU will help to provide more Swedish businesses with the finance they need to take their next steps in digitalising their operations, supporting sustainable growth and jobs.''

The fintech company Invoier is an innovative alternative lender that provides a global, real-time, AI-based market for factoring and loans that connects SMEs looking for short-term financing with institutional buyers. With their marketplace for invoice trading, Invoier’s mission is to offer better financial conditions for SMEs.

Fredrik Mistander, CEO and Co-founder, Invoier: ''Invoier's partnership with the EIF marks a transformative moment for SMEs, economic sustainability efforts and factoring in Europe. Together, we are reshaping the financial landscape, ensuring that SMEs have the resources they need to thrive and contribute to a more sustainable future.''

www.eif.org
www.investeu.europa.eu