UK company offers alternative to traditional trade finance
For plastics companies at Interplas looking for finance or funding options to grown their business, TradeRiver Finance is a non-bank, online funding solution which finances trade, both cross- border and in the UK.
The London-based firm will have representatives at v to discuss how it can enable companies to have access to working capital at any point in the supply chain to help support and develop their business.
It works by providing the buyer with a pre-approved, revolving facility that can be used to finance trade with multiple suppliers and it gives the buyer 120 days to settle the balance. All payments and administration are paperless and transparent via a secure online platform.
TradeRiver says it has attracted a fast-growing community of forward-thinking businesses looking for an alternative to traditional trade finance that offers “flexibility, responsiveness and agility” that isn’t available from traditional bank-based finance.
By offering this service, TradeRiver says it provides a viable alternative or additional source of unsecured working capital for UK companies looking to plug funding gaps in their supply chain, whether their suppliers are in the UK or overseas.
VISITOR INFORMATION:
TradeRiver Finance – Stand J52