Faktoro

What Faktoro does

Faktoro (legal entity UAB 'Taurus fondas', company code 304104519) is a Lithuania-based non-bank financial services provider operating since 2016 (rebranded from Finneo in 2021) that delivers working capital financing to small and medium enterprises. The company's core product is invoice factoring offered in four variants — Open/Classical Factoring, Silent Factoring (confidential, buyer-uninformed), Reverse Factoring (buyer-anchored supplier financing), and Export Factoring — complemented by unsecured business loans up to 50,000 EUR, real estate-backed loans up to 1,000,000 EUR, and trade credit insurance covering 90% of buyer non-payment losses. The underlying technology is the Savitarna self-service portal (savitarna.faktoro.lt), which handles application submission, document and invoice upload, electronic signing via qualified e-signature or Smart-ID, status tracking, and personalized offer delivery, with 24-hour financing decisions and same-day payment upon approval as headline service-level commitments.

Faktoro generates revenue through three streams: transaction-based factoring fees of 0.5–2% per 30-day period on invoice financing, interest income on business and real estate-backed loans (10% minimum annual for secured), and one-time contract setup fees starting from 0.5%. Go-to-market combines digital self-service origination with sales-assisted closing (phone at +370 681 50406, email [email protected]), a referral program offering up to 200 EUR per qualified lead, and B2B partner channels including reverse factoring arrangements with medium and large buyer companies. Customer segments are diversified across transport and logistics, construction and infrastructure, wholesale trade, manufacturing, bioenergy (via BALTPOOL), and startups, with 450 cumulative customers served, 204 active in H1 2020, and 195 million EUR of cumulative invoice volume financed since inception.

The company is institutionally embedded in the EU SME finance ecosystem through partnerships with the European Investment Fund (EIF, up to 6 million EUR in EaSI portfolio guarantees), INVEGA's 'Alternatyva' program for COVID-19 alternative financing, and the Factors Chain International (FCI) network spanning 90 countries for export risk assessment and cross-border receivables financing. Headquartered at Vytenio g. 4, Vilnius, Faktoro operates with 11–50 employees and reported H1 2020 revenue of 540,480 EUR with net profit of 144,734 EUR, against full-year 2019 revenue of 506,239 EUR.

Name

Faktoro

Legal name

UAB "Taurus fondas"

Website

https://faktoro.lt

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

Faktoro (UAB Taurus fondas) is a Vilnius-based non-bank fintech providing invoice factoring, business loans, and export factoring to Lithuanian SMEs through its Savitarna self-service portal, backed by EIF and FCI partnerships.

Ownership category

akta.pro rank

Product category

Commercial Lending / Invoice Factoring

NAICS

Finance and Insurance (52)

akta.pro primary industry

Asset-Based Lending (ABL) (FSANADAD)

Keywords

• Invoice factoring
• Business loans
• SME financing
• Non-bank lending
• Working capital

Headquarters

HQ city

Vilnius

HQ country

Lithuania

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Factoring Fees: Transaction-based fees ranging from 0.5% to 2% per 30-day period for invoice financing. Clients pay only when they use the service.
2. Business Loans Interest: Interest income from business loans ranging from 10% annual interest rate for real estate-backed loans to variable rates for unsecured financing up to 50,000 EUR.
3. Contract/Setup Fees: One-time contract fees starting from 0.5% for establishing financing relationships, applied to both one-time and long-term financing arrangements.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Faktoro (legal entity UAB Taurus fondas) is a Lithuanian non-bank financial services company that provides invoice factoring and business loans to small and medium enterprises. Its portfolio includes open, silent, reverse, and export factoring products, unsecured business loans up to 50,000 EUR, and real estate-backed loans up to 1,000,000 EUR, all accessible through the Savitarna self-service portal with 24-hour funding decisions.

Product overview

Faktoro, operated by UAB 'Taurus fondas' (company code 304104519), is a Lithuanian non-bank financial services provider specializing in invoice financing (factoring) and business loans for small and medium enterprises. The core product portfolio includes account factoring with same-day payment (within 24 hours), comprising four factoring types: Open Factoring (Klasikinis), Silent Factoring (Tylusis), Reverse Factoring (Atvirkštinis), and Export Factoring (Eksporto). Complementing the factoring services, the company offers Business Loans (up to 50,000 EUR unsecured, up to 1,000,000 EUR with collateral) and Real Estate Loans (with property collateral). A Trade Credit Insurance add-on provides 90% coverage against buyer non-payment. All services are managed through the Savitarna self-service portal, which supports electronic document signing via qualified electronic signature or Smart-ID.

Differentiator

Problem solved

Functional benefit

Products and services

• Account/Invoice Factoring (Sąskaitų faktoringas)

Quantifiable outcome

• 2.5x increase in invoice financing volume in H1 2020 compared to same period previous year
• +4 more outcomes

Named customers1 record

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Nine partnerships are on record, tiered core, major and minor.

• Factors Chain International (FCI)coreStrategic or Co-development Partner · 1 January 2020FCI network membership spanning 90 countries provides Faktoro access to international factoring partners for export financing risk assessment and cross-border transaction support. FCI partners include major European factoring companies.
• Factoreal (FCI Partner)majorStrategic or Co-development PartnerLatvian FCI partner collaborating with Faktoro on export financing for Lithuanian exporting companies, particularly for transactions involving FCI network members in international markets.
• BNP Paribas Factor SAminorStrategic or Co-development PartnerInternational factoring partner within FCI network for risk assessment and export transaction support in Western European markets.
• Deutsche Factoring BankminorStrategic or Co-development PartnerGerman FCI partner providing risk assessment and support for Lithuanian export transactions to German market.
• ING Commercial FinanceminorStrategic or Co-development PartnerInternational factoring partner within FCI network for Dutch and Benelux market export transactions.
• Société Générale FactoringminorStrategic or Co-development PartnerFrench FCI partner for risk assessment and support in French market export transactions.
• Santander FactoringminorStrategic or Co-development PartnerSpanish FCI partner within the network for export risk assessment and transactions in Spanish and Portuguese markets.
• HSBC Invoice FinanceminorStrategic or Co-development PartnerInternational banking group partner within FCI network for global export transaction support and risk assessment.
• BALTPOOLminorStrategic or Co-development PartnerLithuanian bioenergy exchange partnership expanding Faktoro's factoring partner network to bioenergy sector participants.

Scale indicators12 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Teylor: Switzerland-based digital SME lender offering financing solutions to small businesses across Europe with a tech-led underwriting model analogous to Faktoro's approach.
• Iwoca: European fintech providing flexible working-capital lines and loans to SMEs across UK, Germany, France, and Spain — competes in the same underserved-SME lending category with a similar digital-first approach.
• Stenn: Global trade finance platform providing invoice factoring and receivables financing to SMEs and exporters — competes at the intersection of factoring and cross-border trade finance that Faktoro accesses via FCI.
• Factris: Amsterdam-headquartered invoice factoring platform serving European SMEs with self-service onboarding and same-day funding — overlapping product, customer segment, and delivery model.
• MarketFinance: UK-based online invoice financing and SME lending platform offering invoice discounting, factoring, and business loans — directly comparable to Faktoro's core SME working-capital product suite.

Regional players

• CapitalBox: Poland-based fintech providing working-capital loans and invoice financing to Central European SMEs — operates in an adjacent CEE market with a similar SME focus and digital onboarding.
• Kuflink: UK-based peer-to-peer and asset-backed lending platform offering invoice financing and SME lending products — comparable product mix but primarily UK-focused.

Emerging players

• PeakInvoice: Switzerland-based invoice financing marketplace connecting SMEs with institutional funders — analogous self-service factoring model for European SMEs.
• Billie: Berlin-based B2B invoice financing and buy-now-pay-later for businesses — overlapping invoice-financing product targeting SMEs with a digital-first delivery model.

Broad incumbents

• Bibby Financial Services: Global invoice financing and factoring provider serving SMEs across multiple geographies — a broader, established incumbent in the same factoring category with overlapping target customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/faktoro.lt
• LinkedInlinkedin.com/company/faktoro

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Faktoro