Arex Markets takes a strategic turn and focuses on neobanks, technology and fintech

MADRID, 7 Jul. (EUROPA PRESS) -

The fintech Arex Markets has taken a strategic turn to start targeting neobanks, technology companies and other fintech, so that these players can develop and offer on-demand financing solutions for SMEs as a service.

In a statement, the firm indicates that it considers it has reached a sufficient degree of technological maturity to be able to offer its ecosystem at a European level.

Its objective now is to seek integration with as many companies as possible in order to fulfill its mission of continuing to reduce the financing costs of SMEs.

"Our business strategy is now more ambitious because we want our financing ecosystem to offer SMEs options that until now were only accessible to large corporations. The formula to do so is to share our solution with other fintech entities so that they can offer this service. to its clients and thus grow exponentially", explained the CEO of Arex Markets, Airto Vienola.

The fintech created a platform through which companies can choose which invoices they want to finance with Arex to receive the money in their account in less than 48 hours. On the other hand, it would be investors such as debt funds, 'hedge funds', specialized vehicles or 'family offices' who would buy those invoices.

The co-founder of the company, Perttu Jalkanen, explained to Europa Press that they wanted Spain to become one of their key markets for this year due to its business fabric.

"We want to lower the interest that SMEs pay and to do so, there is no other way than to automate the process and also have all the data, analyze it based on algorithms and see it as a great scheme," he said during the interview.

With this strategic shift, the fintech wants to become the "benchmark for fintech financing in Spain". So far, it has financed nearly €500 million and expects to double that growth in the Spanish market in the next 24 months.

"It is a virtuous model: the greater the volume of financing, the lower the interest rates. That is why we have decided that this solution must be accessible to the largest possible number of entities in order to reach a greater number of SMEs", he added. Vienna.