Swiss fintech firm Teylor has announced the acquisition of Grenke AG’s entire factoring division, further expanding its SME financing platform across Europe. The financial terms of the deal were not disclosed.
The move follows Teylor’s acquisition of SME lending platform Creditshelf in May 2024.
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In the initial phase, Teylor will acquire Grenke’s factoring businesses in Germany, the United Kingdom, Ireland, Poland, and Hungary. The company also plans to take over the Italian and Portuguese entities in the medium term. Last year, these seven entities collectively disbursed nearly €1 billion in factoring volume.
The transaction is subject to regulatory approvals in Germany and Hungary, with completion expected later in 2025.
Teylor has been offering factoring products in Germany through a partnership with Grenke since June 2023. Grenke decided in early 2024 to refocus on its core leasing business and divest its factoring operations, creating an opportunity for Teylor to establish its own factoring division.
“This acquisition marks a significant strategic milestone for Teylor,” said Patrick Stäuble, founder and CEO of Teylor AG. “By expanding into new markets and strengthening our factoring offering, we are reinforcing our position as the leading European platform for SME financing.”
Grenke AG CEO Dr. Sebastian Hirsch added: “We are confident that Teylor is the right partner to take our factoring business forward, allowing us to focus on our core leasing operations while securing a strong future for our factoring teams.”
Teylor plans to integrate each acquired unit into its platform over the coming months and roll out its full suite of SME financing products in these markets. By mid-2026, the Teylor Platform will be available in all seven countries, operating under the Teylor brand.
The acquisition was financed without a capital increase, reflecting Teylor’s strong core business. The company is receiving legal and integration support from White & Case and A&O Shearman, with Rothschild & Co advising on strategic initiatives.
