Lendscape, a technology provider for secured business finance, became an official member of the Federal Association of Factoring for SMEs (BFM) in Germany.

Established in 2001, BFM is a non-political, non-profit organization committed to supporting small and medium-sized enterprises (SMEs) and the interests of medium-sized factoring companies in Germany. Additionally, the association provides a forum for discussion to help shape the framework for all aspects of factoring, maintaining dialogue with government representatives and relevant authorities and supporting the quality assurance of specialist organizations facilitating factoring.

“BFM is delighted that Lendscape has joined our association, and we look forward to cooperating in the best interests of the German factoring industry, helping underserved enterprises,” Michael Ritter, chairman of BFM, said.

“The BFM shares our goal of driving the factoring industry forward. We look forward to working with association members on supporting the German market and help local financial institutions to leverage technology and innovation in support of delivering more seamless customer and user experiences,” Kevin Day, CEO at Lendscape, said.