FlexFin is the first FinTech company in Factoring in Greece and Cyprus, specializing in liquidity supply to small and medium -sized businesses
The acquisition of 100% of FlexFin with the aim of merging it with ABC Factors and creating the most innovative Factoring Company in Greece, has been announced today by Alpha Bank.
As noted in the announcement, FlexFin is the first FinTech company in Factoring in Greece and Cyprus, specializing in liquidity to small and medium -sized businesses.
With the basic principles of ease, speed, flexibility and transparency and utilizing its innovative platform, FlexFin has established itself as a reference point for financial solutions of small and medium -sized enterprises, facilitating the funding process for customers and helping to better manage their commercial requirements. , among other things, through tab automation, funding tools and timely delays.
The strategic merger of ABC Factors, the most historic Factoring company with long experience and market leadership, and Flexfin leads, as stated in the announcement, in a new era for existing and new customers of the two companies. Facilitating the access of SMEs to sufficient funding is a key strategic priority of Alpha Bank, a decisive step towards the acquisition of Flexfin and its subsequent merger with ABC Factors. Setting the funding of small and medium -sized enterprises, which are a key pillar of the Greek economy, at the core of its operation, the single company resulting from the merger, aspires to make a decisive contribution to enhancing the growth and extroversion of small and medium -sized enterprises and creating new jobs. .
The integration of Flexfin and its founders, D. Vranopoulos and A. Kelaiditis, in the ABC Factors potential, is expected to create the most powerful Factoring figure with the aim of supporting more than 4,500 small and medium -sized years. Businesses with funding above billion euros, doubling the size of the Factoring sector in the work of the Alpha Bank Group.
The CEO of Alpha Bank Group Vassilis Psaltis noted: “Our goal at Alpha Bank is to constantly evolve by providing the most up -to -date services to our customers and supporting the progress of Greek entrepreneurship. We are very pleased to welcome FlexFin and its two founders, Dimitris Vranopoulos and Alexandros Kelaiditis. With the merger of ABC Factors and Flexfin we create the most innovative Factoring company in Greece, offering a modern digital service platform and giving new growth opportunities, especially to small and medium -sized enterprises. “
Alpha Bank in the announcement lists CVs of FlexFin founders
Dimitris Vranopoulos was born in 1980 and is one of the pioneering investors in startups in Greece (Angel Investor), as in addition to the founding of FlexFin in 2017, his investment portfolio included more than 20 different companies. Between 2008 and 2012 he was an executive director in the Goldman Sachs European Sales Group, developing portfolio and market risk management solutions mainly for banking and capital management companies. From 2001 to 2004 he worked in the field of Investment Banking at Salomon Smith Barney / Citigroup in London with specialization in acquisitions and mergers in various sectors. It holds BSC in finance by the London School of Economics and MBA from the Columbia Business School.
Born in 1980, Alexander Kelaiditis, before the establishment of FlexFin, served as Chief Investment Officer of Dolphin Capital Opportunities, a hotel investment company, with more than 100 million funds, has more than $ 100m. Executive of Goldman Sachs and UBS, where he was responsible for the company’s customers in Greece and Cyprus. He contributed to iconic transactions, such as the privatization of OTE, to a large number of capital increases and bank acquisition transactions, to the acquisition of Motor Oil Shell Hellas and the issue, for the first time by the Hellenic Republic, bonds associated with inflation.
Alexander graduated with a degree in Finance Summa Cum Laude from Amherst College.
