MICROCAPITAL BRIEF: Romanian Fintech Instant Factoring Raises $915k in Equity; Will Expand to Serbia, Boost Invoice Financing for SMEs in Romania

With a new capital injection of EUR 750,000 (USD 915,000) from its current shareholders, Instant Factoring, a Romania-based firm that buys businesses’ accounts receivable, will invest EUR 350,000 (USD 427,000) in expanding to Serbia. During 2021, it expects to buy invoices worth approximately EUR 5 million (USD 6.1 million)