Vilnius Factoring Company changes its name to PayRay

Vilnius Factoring Company, which provides services to small and medium-sized businesses, has changed its name to become PayRay. This move reflects the company’s strategic goals for the development of both its services and its area of operations. “More than a year ago, we started our activities in Lithuania and established ourselves as a factoring company. […]

Juncker Plan: Vilnius Factoring Company to issue EUR 10m in new microloans with EIF support

Vilnius Factoring Company, a private lending company in Lithuania, has signed a cooperation agreement with the European Investment Fund (EIF) to issue microloans of up to EUR 25,000. Micro-enterprises and farmers in Lithuania can now benefit from non-banking business funding opportunities under the EU Programme for Employment and Social Innovation (EaSI). The company is issuing […]

#espresso with… Renato La Fianza: whatever it takes!

“The only way to strive for success is it to put as much effort as it takes,” says Mr Renato La Fianza, who has an extensive experience in the international financial sector (Merrill Lynch, UniCredit and Mediobanca). A few years ago, he decided to leave his high-ranking position at the Italian investment bank Mediobanca and start […]

The value of financed invoices by Vilnius Factoring Company increased by 73 percent in Q1 of 2019

Vilnius Factoring Company, which offers services for small and medium-sized enterprises, financed invoices for 30.6 m euros and increased its factoring portfolio by 6.4 m euros in the first three months of 2019. The growth is attributed to increasing demand for financing instruments and the reaction of Lithuanian businesses to international economic situation. In the […]