Dear customers, partners and all who are involved in international trade: Happy holidays to you! Wishing you all the warmth and happiness that this beautiful season always brings.
Our CEO Layla A. Hollender takes part in the LendIt Europe Conference on Novemer 17 in London, UK. LendIt Europe is Europe’s most important gathering of the online lending industry. The inaugural European event brings together approximately 400 senior executives from 20 countries. It is the first event of its kind to host more than Read More >
Hey, U.S. businesses, and what do you think about this? Leave your comments. SMEs unaware of alternative providers It seems that there is growing evidence that small and medium size enterprises are not aware of the alternative finance providers. A few months ago a report was published by HM Treasury which stated that the majority Read More >
With the growth of international trade, finding reliable and affordable financing mechanisms has become a challenge. Traditional options are not always sufficient and available for small and medium sized businesses. Here’s where reverse factoring comes into the scene. An article by capgemini-consulting.com gives an overview of this innovative trade finance mechanism: http://www.capgemini-consulting.com/blog/procurement-transformation-blog/2013/09/reverse-factoring-innovative-financing-to-strengthen
Reverse factoring could potentially provide between $255 billion to $280 billion of cross-border trade financing, or 20 to 25 percent of an industry’s accounts payable, according to the study of the UK’s Association of Chartered Certified Accountants (ACCA). Basically, reverse factoring means a process in which a seller accepts a discounted payment of an invoice Read More >
Our team has started working on the Chinese version of the corporate website, to become closer to our overseas clients. Image: commons.wikimedia.org