cflox Grows and Strengthens its Presence in Austria and Italy

05. February 2025

The Hamburg-based payment institution cflox is consistently driving forward its international growth and strengthening its presence in Austria and Italy. In doing so, cflox is focusing on continuing to acquire new customers and partnerships, as well as deepening existing customer relationships in both regions.

Botond Vincze, previously with the UniCredit Group, is taking over local sales activities in Austria as Senior Sales Manager. Based in Vienna, he will be responsible for both the Austrian market and the Eastern Europe region. In Italy, Giulio Saitta, formerly with Intesa Sanpaolo, is joining the team in Milan as Senior Sales Manager and will be driving local expansion.

Thomas Krings, Managing Director at cflox: "We are delighted to have Botond Vincze and Giulio Saitta, two experienced sales experts with working capital expertise, on our team. We are thus pursuing our growth course step by step and, in addition to our core market in Germany, are now also represented in the UK, Italy, Austria, and Spain. With our strengthened presence in the individual markets, we are even closer to our customers and can further intensify our support for them, as well as establish new customer relationships."

Press contact:

Caroline Chojnowski / Henning Mönster

public imaging GmbH

Phone: +49 40 / 401 999 -23 / -156

Email: cflox@publicimaging.de

About cflox:

cflox is an international payment institution that is redesigning working capital to optimize financing in the supply chain. With a focus on supply chain finance, cflox offers its customers the optimization of payment terms and cash flow without the involvement of suppliers. More than 100 active customer programs have already been implemented, and a transaction volume of over €14 billion (p.a.) between customers and suppliers has been processed.

cflox GmbH is a payment institution (Payment Services Supervision Act - ZAG) for the provision of payment services registered with the German Federal Financial Supervisory Authority (BaFin) with headquarters in Hamburg and additional offices in London, Madrid, and Milan.