A look back in pictures at the Fibus x Coface Underwriting Day – 2025 edition
30 meetings, 8 underwriters mobilized, and one goal: to be there at every moment that matters for our clients.
Flexible, scalable and competitive, receivables financing is far more than a cash management tool: it is a strategic lever for managing working capital, securing cash flow and optimising the balance sheet.
Fibus designs and structures tailored factoring programmes adapted to your growth challenges and group strategy, in France and internationally.
+1,650 companies supported | 42 countries covered | €49bn of receivables financed in 2025
When properly structured, receivables financing becomes a strategic lever for liquidity,
balance sheet optimisation, and accelerated growth.
From growth to restructuring, receivables financing adapts to every stage of the business lifecycle.
It helps reduce debt, improve financial ratios and support performance, both in France and internationally.
Fibus helps you structure the most efficient financing solution based on your strategic priorities.
• Finance external growth transactions
• Support organic growth and new projects
• Secure working capital financing
• Complement or diversify existing bank facilities
• Finance operating cycles and absorb working capital peaks
• Reduce DSO and accelerate collections
• Improve visibility on forecast cash flow
• Preserve existing bank credit lines
• Finance organic or external growth of portfolio companies
• Increase the financial autonomy of LBO-backed companies
• Preserve consolidated financial ratios
• Support negotiations with banks and factoring providers
• Set up fast, stand-alone financing
• Secure receivables during the separation phase
• Ensure cash flow continuity
• Support the financial structuring and reporting of the new entities
• Access a financing facility adapted to each country
• Harmonise conditions across subsidiaries
• Refinance all or part of existing debt
• Centralise cash management
• Optimise the balance sheet through off-balance-sheet factoring
• Obtain immediate and secured financing
• Refinance short-term debt
• Restore confidence with financial partners
• Optimise the balance sheet structure
Let’s identify the levers that help optimise your working capital, strengthen your financial ratios and size your financing in line with your growth.
Beyond short-term financing, receivables financing is a strategic lever.
It strengthens the financial structure, improves ratios and increases financing autonomy, both in France and internationally.
Gain immediate access to the liquidity needed to accelerate your projects.
• The largest short-term financing solution: up to 95% of receivables
• Equivalent to an average two months of additional liquidity
Strengthen your financial solidity and credibility with your partners.
• A sign of trust for banks
• A stable and sustainable source of financing
• Resilience in the event of changes in ownership
Adapt your financing to your business activity and growth cycles.
• Tailored solutions covering all or part of your receivables
• Adjusts to fluctuations in activity
• Uncapped financing capacity
Benefit from competitive financing proportionate to your needs.
• The best cost-to-financing ratio among short-term financing solutions
• Margin over Euribor between 1% and 2%
Optimise your financial ratios and strengthen your balance sheet.
• Improvement of financial ratios
• Compatibility with IFRS standards & local GAAP standards
Access a stable and sustainable financing solution, regardless of your situation.
• Available to companies of all sizes and financial profiles
• Credit lines confirmed for up to 5 years
Discover how Fibus activates credit insurance levers and digital monitoring to sustainably optimise your financing.
Thanks to Fibus’ expertise and a tender process involving leading factoring and credit insurance providers, the company was able to:
Agri-food group
France
For over 20 years, Fibus has supported finance departments and investment funds in structuring and optimising their factoring programmes across Europe and internationally.
1,650 companies | 40 countries covered | 40+ financing partners
As an independent specialist with a 100% receivables financing DNA, Fibus is involved at every stage of the project: assessing financing potential, running tenders with factors, negotiating contractual terms, and continuously optimising the solution.
Our teams combine in-depth knowledge of the European factoring market, expertise in complex environments (LBOs, international operations, restructurings), and a structured approach that enables companies to secure financing truly aligned with their growth ambitions.
30 meetings, 8 underwriters mobilized, and one goal: to be there at every moment that matters for our clients.
In this interview, Sedis shares its feedback on implementing a factoring program to support its growth in France and internationally.
“Customer risk is now far too significant not to protect against it”, according to Pascal Riché, CFO of Union Auboise. Working with a client requires ensuring their financial viability.
Our client Fabien Savajol, CFO at Sedis, offers this advice to hesitant CFOs: “think in terms of strategic levers, not just financial ones.”
Adapt your strategy quickly with credit insurance: when your customers’ financial health changes, your payment terms must adapt accordingly.
Factoring turns your accounts receivable into a true performance driver.
When the expertise of the Fibus Trade team enables clients to obtain an additional +10 to +12 points of coverage - thereby unlocking significant additional financing.
How can you finance faster and better with ARI Trade? We asked our client SEDIS.
A broker’s role does not end once your factoring or credit insurance program is in place. At Fibus, our support continues where it matters most: in day-to-day management.
A strong adopter of traditional receivables financing, France continues to lag in the uptake of reverse factoring. The rollout of e-invoicing could, however, be a game changer. Céline de Barros, receivables financing consultant, shares her insights on reverse factoring.
Interview with Dominique Toubin, Director of Fibus Digital, on the ARI software suite developed to simplify and optimise the management of receivables financing and credit insurance programmes.
With €435 billion of receivables under management in 2025, receivables financing continues to confirm its pivotal role in funding French corporates. Thibaut Robet, Managing Director of Fibus, assesses the current constraints and outlines potential levers for improvement.
With ARI Trade, the Chimirec Group has reduced its receivables financing management workload from 4 days to 1.5 days per month - equivalent to a saving of 30 days per year. Other benefits highlighted by Chimirec’s CFO include an improvement in working capital, a consolidated view of its 15 receivables financing agreements, and enhanced traceability of outstanding receivables.
Receivables financing is the tool; the Credit Manager is the one who makes the programme truly perform. Discover the interview with Thibaut Robet, Co-founder of Fibus, and Marc Chaquès, Director of Fibus Trade, published in AFDCC magazine Fonction Credit.
Financing, securing and managing the receivables book: an essential threefold approach in an increasingly volatile environment. Fibus’ integrated model, combining receivables financing, credit insurance, and digital solutions, represents a unique specialism in Europe. The objective: supporting growth while strengthening corporate resilience.
In this interview recorded during the Journées de l'AFTE 2025, Thibaut Robet, Co-founder and Managing Director of Fibus, discusses the essential levers for financing growth and securing the receivables book in 2025.
In this interview with CFNEWS TV, Thibaut Robet, Managing Director of Fibus, sheds light on the strategic role of receivables financing and credit insurance in corporate funding, particularly within LBO-backed structures.
On Tuesday 18 November 2025, Fibus, in partnership with AFDCC, hosted a webinar featuring SIDEME’s testimonial on how it tripled its funding capacity thanks to the ARI Trade digital solution.
Le Credit Manager ne se limite plus à prévenir le risque d’impayé : il agit comme un chef d’orchestre du poste clients, pour garantir à l’entreprise une trésorerie saine, prévisible, et activement pilotée. Entretien avec Thibaut Robet, DG de Fibus, conseil spécialisé dans la gestion du poste clients.
Maxime Bertin, Deputy Managing Director of Fibus, shares his vision of a more agile, more precise and more accessible form of receivables financing thanks to artificial intelligence. By enhancing the analytical capabilities of factors, AI is expected to bring greater flexibility and higher value-added services to corporate clients.
Receivables financing enables sustainable and competitive funding for the growth of private equity portfolio companies. However, factoring is still not systematically assessed, sometimes due to a lack of awareness of its benefits.
Discover Thibaut Robet’s interview in LE GRAND ENTRETIEN, hosted by Thomas Hugues, produced by Le Point and B SMART.
Receivables financing is off-balance sheet treatment / derecognition of receivables, uncapped, quick to implement and cost-efficient - making it a highly effective financing solution to support the growth of LBO-backed companies. For over 20 years, Fibus has been advising private equity funds across France, the UK, Germany and the US. Today, 4 out of 5 transactions completed are for LBO-backed portfolio companies.
Economic headwinds are intensifying and weighing more heavily on certain sectors: how can the Credit Manager be turned into a true business partner supporting corporate growth? Discover the experience shared by Haddad Brands Europe in this webinar, organised in partnership with AFDCC.
Dominique Toubin, Director of Fibus Digital, presents the benefits of ARi, our digital solution designed to support your factoring programmes: increasing factoring finance, while delivering greater simplicity and significant time savings.
In this interview with Figaro Partner, Maxime Bertin, Deputy CEO of Fibus, explains why factoring has become an increasingly attractive financing lever for Private Equity funds in a more selective market environment.
Specialised in receivables financing and strategic advisory for investors, Fibus has successfully introduced new Private Equity-backed financing providers into restructuring situations, delivering innovative funding solutions.
Sacha Benibri and Santiago de Kergommeaux, Sales Managers at Fibus Digital, presented ARi Trade during the AFTE | Treasury Innovation Day, showcasing how the solution transforms factoring into an even more powerful cash management lever.
20 years of factoring in just 10 minutes! By 2025, factoring had become the leading short-term financing solution for companies in France, offering tailor-made funding solutions to SMEs, mid-sized businesses and international groups looking to finance and secure their operations.
Simpler, more flexible solutions… Factors are developing new offerings designed to meet the needs of smaller businesses. Discover how simplified factoring solutions are making receivables finance more accessible to SMEs and micro-businesses.
Traditional or fintech, standardized or tailor-made… here are some key guidelines to help navigate the wide range of factoring solutions available. Discover the different financing options offered through factoring.
On Tuesday, June 25, 2024, Fibus, in partnership with AFDCC, hosted a webinar focused on the critical role of the Credit Manager in ensuring the success of a factoring project.
Cheaper, more flexible, and more efficient: factoring remains the most attractive short-term financing solution. To fully leverage its potential, it should be assessed early in the process. This allows shareholders to define their objective from the outset - whether funding organic or external growth, or upstreaming dividends.
Thibaut Robet, Managing Director of Fibus, presents his vision of innovation based on artificial intelligence in factoring and credit insurance. What do we expect from innovation, particularly at Fibus Digital? How will credit managers and finance teams be impacted?
Restructuring cases have undeniably picked up again. Repayment of state-guaranteed loans (PGE), longer payment terms, and tighter bank lending conditions: pressure on companies’ cash flow is steadily increasing.
Romain Chaufour, Development Director at Fibus - the leading advisory firm in factoring in France - encourages investors to take an early interest in factoring in order to optimise the financing of their future portfolio companies.
Undisclosed factoring: the art of getting invoices financed without anyone knowing. Romain Chaufour presents the objectives, benefits, and specific features of this financing solution.
The Chief Executive Officer and the Head of Factoring at Fibus discuss factoring as a financing solution for business growth, the market’s potential, the implementation of factoring agreements, Fibus’s differentiating digital solutions, and the cost of factoring.
This partnership enables the two independent brokerage firms to offer companies a complementary and expanded range of solutions, both in France and internationally. It also includes the transfer to Fibus of the credit insurance and factoring activities previously handled by Servyr.
Discover the interview with Maxime Bertin and Thibaut Robet at IPEM Cannes. What is factoring used for in portfolio companies and investment funds? What recommendations would you give to investors in 2024?
Factoring is becoming easier to set up and relatively low-cost, allowing companies of (almost) all sizes to turn customer invoices into cash flow. Gaëtan du Halgouët, Managing Director of Fibus, explains the objectives, advantages, and specific features of this financing tool.
Discover the interview with Romain Chaufour, Head of Development at Fibus, on the CFNEWS program, discussing the value of factoring for private equity portfolio companies and M&A investment funds.
Did you know? Factoring is the leading short-term financing solution for companies in France and represents 17.6% of GDP. An interview with Gaëtan du Halgouët, co-CEO of Fibus, the No. 1 factoring brokerage firm in Europe.
Cheaper, simpler, and still underused, factoring is standing out as a winning solution, enabling private equity funds to quickly unlock untapped liquidity.
In the BFM Business interview, Thibaut Robet, co-founding partner of Fibus, discusses the company’s three core businesses dedicated to corporate financing, its international development, and its new digital solution ARI.
Whatever the economic environment or the company’s situation, Gaëtan du Halgouët, founder of Fibus, and Romain Chaufour, Sales Director, explain why factoring is the cheapest and most stable financing solution.
Discover the interview with Thibaut Robet and Gaëtan du Halgouët on the benefits of factoring for private equity funds as a financing solution.
The recent discussions we have had with our clients, as well as with their shareholders, have raised three recurring questions. We would like to share the answers to these questions with you.
Thibaut Robet and Gaëtan du Halgouët, founding partners of Fibus, highlight the many advantages of factoring, including during periods of economic slowdown, and share their experience in restructuring situations.
The partners of Fibus explain why factoring is gaining momentum in M&A environments, thanks to the advantages of this type of financing, which supports companies’ growth trajectories.
As a tool that covers the risk of non-payment from customers to whom a company grants payment terms, credit insurance plays several roles. Discover them in this article.
What is derecognition factoring? What are its advantages for financing your trade receivables? What is our experience with this type of factoring?