Instant Factoring appoints Cristian Ionescu as CEO and president

Instant Factoring, the Romanian online micro-factoring company, is making strategic changes in its organizational structure to support regional expansion in Central and Eastern Europe.

Starting January 25, 2019, Cristian Ionescu, Chairman of the Board of Directors and Co-Founder, took over as the CEO and President of Instant Factoring.

Instant Factoring is planning this year to open two new branches in Central and Eastern Europe to strengthen its regional presence and expand online small business microfinancing operations.

In this regard, the company is making a strategic move, designating a CEO for the future Instant Factoring Group, in the person of Cristian Ionescu, Co-Founder and Chairman of the Administration Council.

In each of the countries where subsidiaries will be opened, including Romania, a Country Manager will be appointed as the person responsible for conducting local operations and implementing the business plan in line with the objectives set by shareholders and investors.

Cristian Ionescu has more than 15 years of experience in the financial services and business consultancy sector, focusing on risk management services, including factoring, commercial credit insurance, corporate finance, company risk assessment, and business receivables collection. He served Coface for 10 years as CEO for Romania, and later for Central and Eastern Europe. Over the past 6 years, he has been the Country Manager as the local branch of Expense Reduction Analysts, the world leader in cost-conscious services to optimize operating expenses.