India Factoring top Export Factoring performer for third successive year

06/04/2021

India Factoring and Finance Solutions Pvt. Ltd. (IFFS) has been declared India’s top performing company for Export Factoring for the third year in a row. This result emerges from annual turnover statistics published by FCI, the global representative body for factoring and financing of open account domestic and international trade receivables.

India Factoring and Finance Solutions Pvt. Ltd. is a financial services company specialising in working capital solutions through the Factoring product, aimed at converting receivables into cash. The company is a subsidiary of a European bank - FIMBank p.l.c., Malta, and is registered with the RBI as an NBFC – Factor as well as Authorised Dealer – III.

Company CEO Ravi Valecha stated that this achievement was due to the extraordinary level of commitment and expertise demonstrated by the team at IFFS. He added that the company has, over the past years, established a reputation as a reliable partner for India’s flourishing manufacturer and exporter community. Thanks to this reputation, IFFS was becoming an increasingly significant reference point for companies of all sizes wishing to expand their horizons in international trade in a more secured and reliable manner.