Total turnover of factoring and commercial finance in Germany 2011-2021
Factoring and commercial finance companies (Factors) provide businesses with financing to enable the company to meet day-to-day expenses including payments to suppliers, salaries, rent and rates. In Europe, the total turnover of factoring and commercial finance increased annually between 2010 and 2019, before dropping in 2020. The same annual increase can be seen in Germany before a slight drop in 2021, which accounted for a market share of over 15 percent of the total European turnover in 2020.
