Find stats on top websites
Puro Finance, a Finnish fintech company recently acquired by Alisa Bank, specializes in invoice factoring (also known as laskurahoitus), providing businesses with immediate cash flow from their outstanding invoices. They emphasize a technology-driven approach, transparent pricing, and a strong commitment to customer service. Beyond factoring, they offer integrated financial services like credit insurance and debt collection through partnerships.
Major Markets
Key Competitors
Technology-driven approach to factoring.
Transparent and competitive pricing structure.
Strong focus on customer service and satisfaction.
Relatively new company compared to established competitors.
Primary market focus on Finland, limiting wider reach.
Dependence on partnerships for services like credit insurance.
Expansion within Finland by targeting specific industries.
Developing additional value-added financial services.
Leveraging the Alisa Bank acquisition for growth and resources.
Competition from established banks and financial institutions.
Economic downturn impacting business spending and financing needs.
Regulatory changes affecting the fintech and invoice financing sectors.
Puro Finance operates in the financial technology (Fintech) industry within the domain of invoice financing and factoring. They specialize in providing cash flow solutions to businesses by purchasing their outstanding invoices. Their services extend to related financial services such as credit insurance and debt collection.
Puro Finance's primary market is Finland, capturing an estimated 90% of its user base. Neighboring Nordic countries like Sweden and Norway represent smaller but potential growth markets.
Finland
90% market share
Sweden
5% market share
Norway
2% market share
Denmark
1.5% market share
Estonia
1.5% market share
Puro Finance's target audience is small to large businesses in Finland, particularly those with B2B invoicing. They offer factoring services to various industries, emphasizing a streamlined and automated approach to invoice financing. The company also caters to businesses seeking additional financial services such as credit insurance and debt collection.
Data shown in percentage (%) of usage across platforms
Puro Finance can improve customer satisfaction and retention by providing personalized onboarding experiences that guide Finnish businesses through the invoice factoring process, ensuring a smooth and efficient integration with their workflows.
Learn moreBy offering valuable resources and insights to Finnish businesses, Puro Finance can build trust and reciprocity, encouraging them to consider their invoice factoring services as a natural next step in managing their cash flow.
Learn moreTailoring calls-to-action on Puro Finance's website and marketing materials to specific content pieces will lead to a higher conversion rate by prompting users to take the desired action based on the information they have just consumed.
Learn moreSign up now and unleash the power of AI for your business growth