FlexFin: The FinTech Game Changer Acquired By Alpha Bank To Revolutionize Factoring

by THEFUTURE.TEAM

January 29, 2025

Alpha Bank has acquired 100% of FlexFin, a pioneering FinTech company that offers liquidity solutions to small and medium-sized enterprises (SMEs). This strategic move aims to integrate FlexFin’s factoring operations with Alpha Bank’s ABC Factors, strengthening its presence in the factoring market.

FlexFin, founded in 2017 in Cyprus and later expanding to Greece, provides innovative factoring services, helping businesses quickly turn invoices into cash to cover daily expenses. The company serves SMEs in both Cyprus and Greece, focusing on a market that was previously overlooked by larger factoring firms.

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Co-founded by Dimitris Vranopoulos and Alexandros Kelaiditis, FlexFin has garnered support from over 45 investors, including the National Bank of Greece, RayCap, and IQBICITY. The company’s Greek subsidiary achieved a significant revenue increase, reporting €1.1 million in 2023, up from €568,000 in 2022.

FlexFin’s services, which help businesses obtain liquidity even when traditional loans are unavailable, fill a crucial gap in the market. The acquisition by Alpha Bank is expected to enhance the bank’s ability to provide comprehensive financial solutions for SMEs.

The company’s success is backed by a team of experienced leaders, including Vranopoulos, a former Goldman Sachs executive, and Kelaiditis, who has extensive experience in investment banking. FlexFin’s growth is set to continue under Alpha Bank’s ownership, offering more efficient and accessible funding solutions to SMEs.

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Cyprus Introduces €200 Million Support Measures To Cut Energy And Food Costs

by THEFUTURE.TEAM

March 27, 2026

Comprehensive Relief Measures For A Resilient Economy

The government of Cyprus introduced support measures exceeding €200 million to reduce household expenses and support key sectors. The package targets energy costs, food prices, tourism and agriculture. Measures come in response to rising costs and supply pressures. Implementation begins in April and May 2026.

Energy And Fiscal Reforms

The government will reduce VAT on electricity for households to 5% from May 1, 2026, to March 31, 2027. The measure is expected to lower energy bills. Special consumption tax on transport fuels will decrease by 8.33 cents per liter between April and June 2026. Policy targets fuel-related costs.

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Broadening The Zero VAT Initiative

Authorities will expand the list of products with zero VAT. Meat, poultry and fish will be included from April 1 to September 30, 2026. Existing zero-VAT categories already include fruits and vegetables. The government also decided not to introduce a green tax on fuels, avoiding an additional cost of about 9 cents per liter.

Sector-Specific Supports

The package includes a 30% wage subsidy for hotel employees for April 2026. Measure supports tourism businesses during the early season. Support for airlines aims to maintain connectivity with key destinations. The agriculture sector will receive subsidies covering 15% of costs for fertilizers and supplies in April and May.

Economic Stability, National Security

President Nikos Christodoulidis said economic stability remains a priority for the government. He noted that growth, fiscal balance and inflation trends support current policy decisions. Statement links economic policy with broader national priorities. The government continues to monitor external risks.

Ensuring Consumer Protection

Furthermore, the government has mandated rigorous market oversight and intensified inspections to prevent exploitative pricing during this period of economic intervention. This proactive stance ensures that the benefits of the measures directly serve the citizens without unintended inflationary impacts.

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