News

September 2024 - Expansion into SME Factoring

NextFactor's factoring consultancy business is thriving, driven entirely by word-of-mouth referrals. Many companies have already partnered with NextFactor and successfully entered factoring agreements. To further support the growing demand from small and medium-sized enterprises (SMEs), a new website was launched, specifically tailored to their needs.

Juni 2024 - Independent Factoring Advisory Services

Since May 2023, NextFactor has been offering factoring advisory services to Belgian companies, establishing partnerships with various factoring providers. Each provider has its own preferences and limitations, and NextFactor’s role is to identify the best solution for each client. The service is fully funded by the factoring companies, ensuring that clients receive expert advice at no additional cost. NextFactor’s main goal is to help businesses grow sustainably through factoring while ensuring fair pricing. This is achieved through a personal, in-depth approach to understanding each client’s unique needs.

March 2024 - New Debt Collection Contract for Belgium and the Netherlands

NextFactor secured a significant contract to manage debt collection for SME loans in both Belgium and the Netherlands. This international lender has entrusted NextFactor with overseeing collection management once loans have been terminated, with the added mandate to prevent excessive fees from accumulating during the process.

May 2023 - Entry into Factoring Services

NextFactor became the official agent for a Dutch factoring company seeking to expand into the Belgian market. As a result, NextFactor now offers financing solutions for both overdue invoices and all issued, outstanding invoices. While Belgium's factoring landscape is still dominated by banks, in countries like the Netherlands, fintech companies have been successfully operating as factoring providers for years, a trend NextFactor is now helping to introduce locally.

September 2022 - Expansion into B2C Receivables brokerage

Although NextFactor primarily focuses on B2B receivables, the company is increasingly invited to participate in large-scale B2C tenders. In September 2022, NextFactor was asked to facilitate tenders for the sale of Dutch and Belgian consumer receivables to international investors, further expanding its portfolio.

July 2022 - Acquisition of Corporate Loan Portfolio

NextFactor made a major stride when it acquired a portfolio of 1,500 cancelled corporate loans from an international bank operating in the Benelux region. This successful debt sale marked a significant milestone for the company, firmly establishing its presence in the market, according to Managing Director and Co-Founder, Peter Hendrix. 

March 2022 - Partnership with Scandinavian Bank for Debt Sale Tenders

NextFactor, already experienced in purchasing individual receivables, is now increasingly invited to participate in large-scale debt sale tenders. To strengthen its investment capabilities, NextFactor formed a partnership with a Swedish bank with expertise in credit management and debt sales, despite the bank having no prior presence in the Benelux region.

February 2022 - Expanding Customer Base and International Collection Support

In early 2022, NextFactor onboarded two new clients: a Dutch furniture distributor and a Belgian construction company. Both began regularly selling their receivables through NextFactor. Additionally, NextFactor ensured that overdue receivables from foreign debtors received the necessary attention, further expanding its collection services beyond the Benelux region.

October 2021 - Growth in Credit Management Advisory Services

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The demand for NextFactor’s expertise in credit management continued to grow. The company now provides comprehensive advice on selling or collecting receivables, starting with problem identification, proposing tailored solutions, and overseeing their implementation. “NextFactor doesn’t just buy receivables, we can organize international tenders and provide strategic advice as well,” says Peter Hendrix.

September 2021 - First Clients in Belgium

NextFactor successfully secured its first Belgian clients, including a wholesaler in the fashion industry. This partnership complemented an existing factoring agreement by acquiring older invoices no longer covered by the factoring company. The result was a significant improvement in the client's credit management process and cash flow, demonstrating the true value of NextFactor’s services.

July 2021 - New Website and Credit Management Software

NextFactor launched its new website and selected Collect Online as its credit management software partner. The platform was white-labeled to meet NextFactor’s specific needs, streamlining the company’s operations.

May 2021 - Founding of NextFactor

Peter Hendrix and Richard Struijk founded NextFactor, a company specializing in the purchase and management of B2B receivables, including invoices and loans in the Benelux region.