Dublin-based invoice finance provider Accelerated Payments is further expanding its reach along the working capital cycle with the launch of a new inventory finance business.
Based in Miami, AP Trade Finance (APTF) provides loans for small and medium-sized enterprises (SMEs) to purchase goods from overseas suppliers, collateralized by in-transit and on-site inventory. Led by Ernesto Vila, logistics expert and chairman of freight forwarder Tech Cargo, the subsidiary will have full control and control over and finance the physical goods.
APTF will initially focus on companies operating in the trade corridors of the United States, United Kingdom, Ireland, Canada and the Americas.
Accelerated Payments joins a growing number of working capital solution providers. Taulia A shift into the inventory finance space, where demand is booming as companies build buffer stocks to protect against supply chain disruptions.
Ian Duffy, Founder and CEO of Accelerated Payments, said: GTR“Additionally, from a financing perspective, in terms of buying inventory, we can accept what might be considered riskier, so we can ensure an exit.”
In 2021, Accelerated Payments will become the world’s first trade finance-based Non-fungible token trading In transactions executed by Tradeteq on the XDC blockchain network. Tradeteq co-founder and CEO Christoph Gugelmann said: GTR At that time, the repackaging of assets into blockchain tokens that could be bought and sold by institutional investors paved the way for additional delivery mechanisms of secondary liquidity for trade finance.
Duffy speaks GTR Its progress in funding the company’s books via crypto investors has stalled for now. However, having provided more than US$1 billion of his bill financing to more than 350 clients in more than 40 countries since its inception, the company will continue to tap into new sources of funding to meet its growing demand for working capital financing. intend to do something.
“We have been in talks with a number of parties in terms of senior debt book funding and are now confirming that momentum is returning to the market,” Duffy said. The world of currencies has gone through turbulent times, but there is a lot of capital looking for cash-producing asset classes, and in three to five years, 20% to 25% of the money will eventually come from that sector. I expect it will.”