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Straetus expands into the USA and Australia PDF Print E-mail
Tuesday, 16 June 2015

Straetus, the world’s largest debt collection organization, recently signed a master franchise agreement with United Franchise Group (UFG). Straetus is already active in Europe, Russia, the Middle East and with this step within the USA and Australia as well.

“Straetus considers the USA and Australia as emerging markets, because of the payment culture of domestic companies. They are becoming increasingly uncertain and, in the absence of a harmonized framework on late payments, payment terms remain a mere contractual issue and the average DSO (Days Sales Outstanding) tends to be high. Today, for every small and medium enterprise it is crucial to have a professional debt collector as a partner.” says Emile Spruijt, CEO of Straetus International.

Franchise giant UFG (over 1400 franchisees), added the Straetus Brand to their portfolio by signing a master franchise agreement and targets to sell 50 franchisees in the USA and 5 franchisees in Australia, within the first 12 months.

“These new Straetus debt collectors, will start to help our current franchisees with their receivables. With this, our current franchisees will decrease their DSO, are able to invest this extra working capital in their business, accelerate their business and achieve their goals. A perfect example of a Win-Win situation”, says Ray Titus, CEO of Straetus USA LLC.

Straetus will launch the brand, “The friendly Debt Collector”, during UFG’s next World Expo in Las Vegas and during the International Franchise Expo in New York.

(Source - Straetus Press Release)  

 
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