Ecoalf secures funding arrangement and says it will fund growth
18/12/2020
Reports from Spain say sustainability-focused clothing brand Ecoalf has secured a new financing agreement with Eurofactor, part of the Crédit Agricole financial services group.
Under the agreement, Eurofactor will advance funds to Ecoalf and will have collection rights on a proportion of the payments owed to the Spanish company.
Ecoalf founder, Javier Goyeneche, said the new arrangement could be expanded in future and would help fund the company’s growth.
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