Ellinas Finance has become an Affiliate Member of FCI, the global representative body for factoring and the financing of open account domestic and international trade receivables. The affiliation marks a major milestone for the organisation and reflects the scale, maturity, and international orientation of its factoring operations.
Founded in 1968 as a non-profit association, FCI is the world’s leading global network for factoring and trade receivables finance. Today, FCI brings together close to 400 member companies across more than 90 countries, enabling cooperation in cross-border factoring and correspondent trade finance. Transactions conducted through FCI members represent approximately 40% of the world’s international correspondent factoring volume, underlining the organisation’s central role in global trade.
Ellinas Finance’s admission to the FCI network underscores its position as the largest independent factoring provider in Cyprus. With more than 30 years of experience in Alternative Financing, the company has provided over €300 million in funding to households and businesses across the country. It currently manages a €25 million loan portfolio, delivering accessible, flexible, and personalised financing solutions tailored to the needs of both individuals and enterprises.
Factoring has emerged as a core growth engine for Ellinas Finance, with the business now processing more than €20 million in invoices annually. The company has modernised factoring through efficient onboarding, tailored financing structures, and dedicated account management, ensuring that each client benefits from transparent terms, rapid decision-making, and close collaboration with experienced professionals who understand the operational realities of SMEs. As a result, factoring is positioned not merely as a funding mechanism, but as a strategic financial tool that supports sustainable growth, cash-flow stability, and long-term resilience.
This offering is particularly critical in Cyprus, where SMEs represent the majority of non-financial enterprises and play a central role in employment and economic activity. Many small and growing businesses continue to face barriers when accessing traditional bank financing, making alternative solutions such as factoring an essential enabler of growth and continuity.
A key area of expansion for Ellinas Finance is cross-border and export factoring, reflecting the increasingly international outlook of Cypriot businesses. Export factoring now accounts for approximately 35% of the company’s total factoring portfolio, supporting clients exporting to Greece, the wider European Union, the United States, and the Kingdom of Saudi Arabia. Through export factoring, Ellinas Finance enables companies to extend credit to foreign buyers with confidence, while securing immediate liquidity and mitigating payment risk.
Membership in FCI directly supports Ellinas Finance’s strategy to expand its international factoring capabilities, remove language and regulatory barriers, and strengthen its role as a trusted partner for businesses seeking to grow beyond domestic markets through structured, secure trade finance solutions.
Looking ahead, Ellinas Finance is pursuing a broader transformation agenda focused on next-generation financial services. Later this year, the company will launch a new mobile app, bringing instant lending, factoring, microfinancing, payments, and additional financial services into a single digital platform. Designed around user-led, experiential design, the app aims to make access to finance faster, simpler, and more aligned with the expectations of a new generation of users.
At the same time, Ellinas Finance continues to deepen its support for the SME ecosystem, further customising its financing solutions to meet the evolving needs of businesses across all sectors. With flexible structures, faster decision-making, and dedicated relationship management, the company acts as a true partner to SMEs, helping them scale with confidence in both domestic and international markets.
The FCI affiliation represents a strategic step forward for Ellinas Finance, strengthening its global connectivity while reaffirming its commitment to delivering practical, human-centric financial solutions that support sustainable economic growth in Cyprus and beyond.
