Ellinas Finance

What Ellinas Finance does

Ellinas Finance Public Company Ltd is a Cyprus-based financial services firm founded in 1992 and headquartered in Nicosia, operating with 11–50 employees. The company is publicly listed on the Cyprus Stock Exchange under the ticker CSE:ELF and, as of February 2026, conducted a landmark cross-listing on NSE International Exchange (NSE IX) at GIFT City, becoming the first foreign equity listing by a Cyprus-based company on that platform and the first cross-border equity listing between India and Cyprus.

The company's core products are cross-border factoring and trade receivables finance, including export factoring and structured trade finance solutions for Cypriot businesses engaged in international trade. Its February 2026 affiliate membership in FCI (Factors Chain International) provides the firm access to an established international correspondent network that supports cross-border factoring transactions it could not otherwise execute at its scale. Its secondary distribution channel is a dual capital-markets footprint spanning the Cyprus Stock Exchange and NSE IX, positioning the firm as a vehicle for Euro-Mediterranean capital access into Indian offshore markets under the MoU framework agreed between NSE IX and the Cyprus Stock Exchange during Prime Minister Modi's 2025 visit to Cyprus.

Ellinas Finance earns revenue through transaction-based fees on its factoring and trade finance activities and, as a public company, distributes dividends to shareholders — most recently 1.75 cents per share (3.9% of €0.45 nominal value) approved at its June 2026 AGM. Go-to-market is enterprise/B2B, targeting Cypriot exporters as its primary disclosed customer segment, with broader ambitions to serve as a cross-border capital and trade-finance conduit between Europe and India. The firm is governed by a four-member board (Nearchos Petrides, Philippos Papadopoulos, Constantinos Servos, Evi Rossidou Antoniadou) with Baker Tilly Klitou and Partners as auditor.

Name

Ellinas Finance

Legal name

Ellinas Finance Public Company Ltd

Website

https://ellinasfinance.com

Company type

Public

Founded year

1992

Operating status

Operating

Headcount range

11–50 employees

Short description

Ellinas Finance Public Company Ltd is a Cyprus-based, publicly listed financial services firm providing cross-border factoring, trade receivables finance, and structured trade finance to Cypriot exporters, with a dual listing on the Cyprus Stock Exchange and NSE IX at GIFT City.

Ownership category

akta.pro rank

Product category

Trade Finance & Factoring

NAICS

Finance and Insurance (52), Miscellaneous Intermediation (52391)

SIC

Finance Services (6199)

akta.pro primary industry

Export Credit Agencies (ECAs) & Trade Finance Institutions (BPADACAF)

Keywords

• Factoring services
• Trade receivables finance
• Cross-border trade finance
• Export factoring
• Capital market access

Headquarters

HQ city

Nicosia

HQ country

Cyprus

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Others

Revenue model

1. Factoring and Trade Receivables Finance: Ellinas Finance provides factoring and trade receivables finance services, including export factoring and structured trade finance solutions for Cypriot businesses engaged in international trade. FCI membership grants access to an established framework and correspondent network for cross-border factoring transactions.
2. Dividend Distribution: As a publicly listed company, Ellinas Finance distributes dividends to shareholders. A dividend of 1.75 cents per share (representing 3.9% of nominal value of €0.45) was approved at the 2026 annual general meeting, with ex-dividend date July 6, 2026 and payment by July 28, 2026.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Core offering

Ellinas Finance is a Cyprus-based publicly listed financial services company that provides cross-border factoring and trade receivables finance services, including export factoring and structured trade finance solutions for Cypriot businesses engaged in international trade. The company also facilitates Euro-Mediterranean capital access through its dual listing on the Cyprus Stock Exchange and NSE International Exchange (NSE IX) at GIFT City, India. Its factoring capabilities are underpinned by affiliate membership in FCI (Factors Chain International), which provides access to an established correspondent network for cross-border transactions.

Product overview

Ellinas Finance is a Cyprus-based financial services company listed on the Cyprus Stock Exchange, offering a portfolio of financial products including cross-border factoring and trade receivables finance services (via FCI membership), structured trade finance solutions for international trade, and Euro-Mediterranean capital access through its cross-listing on NSE International Exchange at GIFT City. The company operates as a single unified financial services offering rather than a modular platform architecture.

Differentiator

Problem solved

Functional benefit

Products and services

• Cross-Border Factoring Services Export factoring and trade receivables finance services enabling cross-border factoring transactions for Cypriot businesses engaged in international trade, facilitated through FCI membership and its correspondent network.
• Structured Trade Finance Solutions Structured trade finance solutions for Cypriot businesses engaged in international trade, leveraging the FCI international network framework to support export and import transactions.
• Euro-Mediterranean Capital Access (Dual Listing) Capital market access for investors via dual equity listing on the Cyprus Stock Exchange and NSE International Exchange (NSE IX) at GIFT City, providing Euro-Mediterranean investors access to Indian offshore markets and vice versa.

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core and flagship.

• FCI (Factoring Chain International)coreStrategic or Co-development Partner · 17 February 2026Ellinas Finance Public Company Ltd was admitted as an affiliate member of FCI, an international network for factoring and trade receivables finance. The membership grants access to FCI's established framework and correspondent network, enhancing the company's ability to support cross-border factoring transactions and strengthening its export factoring offering.
• NSE International Exchange (NSE IX)flagshipStrategic or Co-development Partner · 1 June 2025Ellinas Finance conducted the first-ever foreign equity listing by a Cyprus-based company on NSE IX at GIFT City, marking the first cross-border equity listing between India and Cyprus. The listing was conducted under an MoU between NSE IX and the Cyprus Stock Exchange signed during PM Modi's visit to Cyprus, establishing a framework for cross-border capital flows through India's International Financial Services Centre.
• Cyprus Stock ExchangecoreStrategic or Co-development Partner · 1 June 2025The Cyprus Stock Exchange signed an MoU with NSE IX establishing a framework for cross-border capital flows between Cyprus and India. Ellinas Finance's cross-listing on NSE IX was conducted under this framework, positioning GIFT City as India's global financial gateway.

Scale indicators3 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• FIMBank: FIMBank is a Malta-based publicly listed trade finance and factoring specialist with cross-border operations, closely comparable to Ellinas Finance in scale, geography (small EU jurisdiction with international reach), and product focus on factoring and trade receivables finance.

Broad incumbents

• BNP Paribas Trade Finance: BNP Paribas operates a global trade finance and factoring franchise offering export factoring, receivables finance, and structured trade solutions; comparable to Ellinas Finance on product suite but vastly larger and serving multinational corporates rather than Cypriot SMEs.
• Standard Chartered Transaction Banking: Standard Chartered offers trade finance, factoring, and working capital solutions across emerging markets with particular strength in Asia-Africa corridors; comparable to Ellinas Finance on cross-border trade finance focus, though with significantly broader geographic and product coverage.
• HSBC Trade and Working Capital: HSBC's trade and working capital business provides cross-border factoring, receivables finance, and trade finance products across 60+ markets, overlapping directly with Ellinas Finance's export factoring and structured trade offerings at much greater scale.

Others

• FCI (Factors Chain International): FCI is the global factoring industry association whose correspondent network Ellinas Finance joined in February 2026; not a competitor but an enabling partner whose framework underpins Ellinas Finance's cross-border factoring capability.

Regional players

• Bank of Cyprus: Bank of Cyprus is the largest Cypriot banking institution offering trade finance, factoring, and corporate banking services to Cypriot exporters; a direct regional comparator to Ellinas Finance, competing for the same client base with deeper capital and broader product range.
• Hellenic Bank: Hellenic Bank is a major Cypriot commercial bank providing corporate banking, trade finance, and working capital products; comparable to Ellinas Finance as a domestic provider of financing solutions to Cypriot businesses engaged in international trade.
• Eurobank Cyprus: Eurobank Cyprus is a Cypriot subsidiary of the Eurobank Group offering corporate and trade banking services; comparable to Ellinas Finance as a Cyprus-based provider of financing for international trade, competing for similar SME and mid-market clients.

Emerging players

• Taulia: Taulia is a working capital and supply chain finance platform providing invoice financing and dynamic discounting; comparable to Ellinas Finance on the receivables financing value proposition, though operating as a technology platform serving large enterprises globally.
• PrimeRevenue: PrimeRevenue is a supply chain finance platform enabling cross-border receivables financing for global buyers and suppliers; comparable to Ellinas Finance on cross-border receivables finance focus, though operating at much greater scale via a fintech platform model.

Market position

Strengths1 record

Weaknesses1 record

Competitive moat3 records

Key risks6 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds1 record

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 Ellinas Finance