new business in Germany as part of its expanding global network.
Based in Düsseldorf, Bibby Financial Services GmbH will offer
German business owners and managers funding against their customer
invoices.
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The German unit will be headed up by managing director, Jörg
Freialdenhoven.
Germany is the latest launch in a global expansion strategy for
the UK-based group which is now present in eleven countries,
operating through a network of 32 companies.
“We believe that Germany is an important territory for the group
and our future European expansion plans. Germany is
experiencing a positive economic cycle and growth rates within the
factoring market are impressive,” Freialdenhoven said.
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