For banks, investors & development-finance partners
A construction-receivables platform you can underwrite with confidence.
A diversified book of verified, seasoned construction receivables — structured from day one for risk-sharing. Certified-work verification, debtor-concentration limits and dilution reserves are built in, not bolted on, so a guarantor, securitisation investor or co-investor inherits a portfolio they can model.
The additionality
We close a financing gap the market leaves open.
Construction carries Europe's longest payment terms, yet the SMEs that build housing, energy-efficiency and infrastructure are the least able to wait. Banks find single small-ticket receivables uneconomic to underwrite; the firms finance the delay out of pocket. We aggregate, verify and season those receivables into an institutional-grade book — additionality you can point to in every advance.
- Working capital placed in the real economy, not left in debtor ledgers
- SME beneficiaries below the threshold mainstream lenders serve
- EU-Taxonomy-tagged renovation financing inside the same pool
- A book sized and structured to be financed, not just originated
Facility overview
- General contractors 34%
- Subcontractors & trades 28%
- Renovation & energy-eff. 24%
- Public-works suppliers 14%
Advance rate
up to XX%
Avg payout
24h
Dilution
X.X%
Green-tagged
38%
Recent advances
| Counterparty | Region | Status | Time |
|---|---|---|---|
| Subcontractor | Bulgaria | advanced | 22h |
| Renovation trade | Bulgaria | advanced | 19h |
| Public-works supplier | EU | verifying | — |
| General contractor | Bulgaria | advanced | 24h |
How partners come in
Three routes into the same risk-sharing structure.
Pick the instrument that fits your mandate. Each shares the risk on the same diversified, verified book — only the wrapper changes.
- Risk-sharing
Portfolio guarantees
Cover a defined first-loss or mezzanine slice across a diversified pool, in exchange for eligibility, diversification and reporting criteria — as the EIF already does under the European Guarantee Fund.
Learn more - Capital markets
STS securitisation
Refinance the seasoned book through simple, transparent and standardised notes — full disclosure, tranching and a wider investor pool under the STS framework.
Learn more - Direct
Co-investment
Take a senior or pari-passu position alongside us in the receivables programme, with aligned incentives and full portfolio transparency.
Learn more
Why the risk is underwritable
Diversified, reserved, and verified at source.
The risk on this book is constructed, not assumed. Every receivable is advanced only against certified work, scored against debtor standing, and held inside concentration limits — with dilution reserved against and a loss history disclosed by vintage.
What an underwriter inherits
- Debtor diversification with hard per-debtor and per-segment limits
- Dilution reserves against set-off, retention and disputes
- Loss history disclosed by vintage, not as a single blended figure
- Certified-work verification before any advance is made
The evidence
Sourced figures, every one.
€0m
EIF-guaranteed facility
Guarantee agreement signed with the European Investment Fund (EIB Group) under the European Guarantee Fund — enabling up to €153 million of factoring-based bridge financing for Bulgaria's construction sector.
EIB Group0%+
of infrastructure contractors are SMEs
Small and medium firms make up above 70% of all contractors and subcontractors in Bulgaria's state-funded infrastructure projects — the segment mainstream factoring underserves.
EIB GroupX.X%
Historical loss rate
Realised credit losses across the seasoned receivables book, by vintage.
portfolio report0h
Average payout
Median time from verified invoice to funds disbursed, measured against our service SLA.
SLABuilt & affiliated to
- EIF-guaranteed
- European Guarantee Fund
- EU-Taxonomy ready
- STS-eligible
- ISO 27001
- GDPR
- FCI member
- Audited by [Auditor]
Backed by the EIB Group
The European Investment Fund already underwrites this market.
Under the European Guarantee Fund, the EIF — part of the EIB Group — signed a guarantee agreement with CFN AD enabling up to €153 million of factoring-based bridge financing for Bulgaria's construction sector. It was the first time in Southeast Europe the EIF guaranteed a financial-technology start-up: institutional validation that this market gap is real, and that this book is underwritable.
- Guarantee instrument under the EIB Group's European Guarantee Fund
- Up to €153m of construction-sector bridge financing enabled
- First EIF guarantee to a fintech start-up in Southeast Europe
- Targeting the SME segment mainstream factoring underserves
Evaluating a facility?
Request the data room: portfolio composition, loss history by vintage, dilution analysis, governance pack and the proposed risk-sharing structure.
Keep Europe building. Get paid today.
Two doors: finance your construction invoices, or partner with us on risk-sharing.
EIF-GUARANTEED · EUROPEAN GUARANTEE FUND · ISO 27001 · GDPR