A Leading international trade finance company Tradewind Finance has recently announced the accomplishment of its US$1 billion funding for 2022 – a development that’s broadly poised to significantly bridge the cash gap for exporters across the globe.
According to the spokesperson from Tradewind Finance, the extension of liquidity by the cash flow management firm endures being instrumental in aiding the exporters to scale up their pursuit of much-required development.
Tradewind Finance also confirmed that this funding will also aid the exporters to invest additional capital into their businesses – from their employees to ESG initiatives – as well as readily meet other equally-important working capital requirements.
Peter Maerevoet, Global CFO and Regional CEO for Asia at Tradewind Finance stated: “We are excited to announce the completion of US$1 billion funding for 2022. This is a phenomenal achievement not just for Tradewind Finance but most importantly for the many exporters who are facing funding bottlenecks and are unable to grow their businesses. This funding comes at the right time as most exporters are rebuilding their operations on the back of a global health crisis. Sustainable business growth is an important aspect, especially in the exports business and we believe this funding is going to provide the exporters with the right support to scale up.”
Tradewind Finance, which has a well-diversified portfolio of clients spanning all continents, also expects additional funding of more than US$3 billion by the end of 2022. The additional funds will be utilized to aid the export firms that trade globally seamlessly in navigating the current supply chain challenges and be in a better position to compete effectively.
The funding also offers the firms opportunities to expand their product offerings, partner with big-name buyers who ask for longer payment terms and enter new markets securely. In addition to the funding, its trade finance packages include credit protection and collections services.
Tradewind also added that the export businesses that qualify for the funding will receive between US$250,000 to US$30 million based on the firm’s requirements. In the UAE, Tradewind Finance has offered adequate funding to firms that export equipment, packaging, automotive parts, and electronics with most of these companies having buyers located in the GCC region.