Helping SMEs Across Cyprus and Greece Thrive

Alex Kelaiditis is the Co-founder and executive director of Flexfin, a Scale Up Cohort 5 company. Launched in 2017, Flexfin emerged to address a critical issue for small and medium-sized enterprises in Greece and Cyprus: limited access to traditional financing options post-economic crisis. Alex and his team envisioned a streamlined way for SMEs to access working capital through invoice financing, offering a much-needed liquidity boost without the typical hurdles of bank loans or government grants.

To enhance efficiency and handle a high volume of transactions, Alex led efforts to integrate automation across Flexfin's processes—from onboarding and invoice management to risk assessment and payments. This technological edge sets Flexfin apart in a traditionally under-digitized industry, providing SMEs with a faster, more transparent way to manage cash flow.

Reflecting on his journey, Alex believes that persistence and a strong support system are vital to overcoming the challenges of growing a financial service in a market that is cautious of non-bank offerings. Alex has a bachelor's degree of economics from Amherst College graduating with summa cum laude honors, and has had extensive financial experience from his career at Goldman Sachs where he spent nine years serving as Head of Greece and Cyprus.