KUKE and KUKE Finance support Menlo Electric and the development of renewable energy
Menlo Electric, one of the fastest growing photovoltaic distributors in Europe, received limits in KUKE and KUKE Finance in the total amount of PLN 15 million, thanks to which it will be able to safely finance its recipients under insurance and factoring agreements. In combination with the funds obtained at the beginning of this year, Menlo Electric secured over 70 percent of the financing planned for this year, which in total amounts to PLN 90 million.
KUKE supports the green transformation
Cooperation with Menlo Electric is in line with KUKE's policy of supporting domestic companies in their foreign expansion, and at the same time contributing to the green transformation of the Polish and European economy.
Financing through factoring
Financing under domestic and export factoring will be provided by KUKE Finance, a subsidiary of KUKE.
Free up cash frozen in unpaid invoices and improve your company's financial liquidity.
- Offer longer payment terms to your customers without hurting your company’s liquidity.
- Save time and let the factoring company handle managing and collecting payments from customers.
Broader cooperation with the Polish Development Fund Group
The agreement is part of a wider Menlo Electric financing program, led by the Company’s CFO Marta Walendzewicz.