Boozt24 is a member of the FAAN, the association of factoring companies in the Netherlands.

Boozt24 joins FAAN as a member, a branch organization for factoring companies in the Netherlands

De vereniging van factoringmaatschappijen (FAAN) is een brancheorganisatie voor bedrijven die actief zijn in de factoringindustrie. Factoring is een financiële dienst waarbij een bedrijf zijn openstaande facturen verkoopt aan een factoringmaatschappij, die het bedrijf direct betaalt tegen een vergoeding.

Why is Boozt24 a member of the FAAN?

Membership gives confidence to our customers, suppliers and other stakeholders. It shows that Boozt24 is actively committed to the sector and adheres to the ethical standards and regulations of the industry.

Als lid van de vereniging van factoringmaatschappijen (FAAN) kunnen we profiteren van verschillende voordelen, zoals het opbouwen van relaties met andere bedrijven in de factoringindustrie, toegang tot branche-informatie en -middelen en het bijwonen van evenementen en trainingen. Bovendien kan de vereniging ook fungeren als een stem voor de factoringindustrie en zich inzetten voor beleidskwesties die van belang zijn voor de sector en haar leden en de klanten van Boozt24.

For example, there have been discussions for some time about the ban on pledging invoices. The pledging ban on invoices is a restriction that in some cases is included in agreements between companies and their customers, whereby the companies are no longer able to sell or pledge their invoices to factoring companies. This could impact the financing options of small and medium-sized businesses that rely on factoring to manage their cash flow.

Through its political lobby, The Faan is committed to legally prohibiting this ban and thus giving SME companies access to working capital through factoring.

As a member of Faan, we stay informed of developments in the industry and actively participate in the association's activities. This way we can make optimal use of the benefits of membership and Boozt24 can further develop in the factoring industry.

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