International business finance provider Bibby Financial Services has launched a new business in Germany as part of its expanding global network.

Based in Düsseldorf, Bibby Financial Services GmbH will offer German business owners and managers funding against their customer invoices, helping them to maintain a healthy cash flow across the business and finance growth plans.

Germany is the latest launch in what is an impressive global expansion strategy for the UK-based Bibby Financial Services Group which now sees them present in 11 countries globally and operating through a network of 32 companies.

Spokesman David Robertson explains: "Bibby Financial Services has set itself a challenging growth objective and in order to achieve this we are continually looking for opportunities to move the business forward. We believe that Germany is an important territory for the group and our future European expansion plans. Germany is experiencing a positive economic cycle and growth rates within the factoring market are impressive. It’s a market which will present Bibby Financial Services with a lot of opportunity not only in Germany but in assisting European countries by facilitating trade across not only Europe but globally through our ever expanding global network."

Bibby Financial Services Germany will be headed up by managing director Jörg Freialdenhoven.