Many exporters who are facing funding bottlenecks are unable to grow their businesses.
In light of the above, Trade finance company Tradewind Finance announced the completion of its $1 billion funding for 2022 to bridge the cash gap for exporters across the globe.
According to the spokesperson, the extension of liquidity by the cash flow management firm continues to be instrumental in helping exporters to scale up their pursuit of much-needed growth.
The funding will also help exporters to invest additional capital into their businesses – from their employees to Environmental, Social, and Governance (ESG) initiatives – as well as readily meet other equally-important working capital requirements.
Tradewind Finance also expects additional funding of more than $3 billion by the end of 2022. The additional funds will be used to help export companies that trade internationally seamlessly navigate the current supply chain challenges and be in a better position to compete effectively.
The funding also gives companies 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.
Export businesses that qualify for the funding will receive between $250,000 to $30 million based on the company’s requirements.
In the UAE, Tradewind Finance provided funding to companies that export equipment, packaging, automotive parts, and electronics with most of these companies having buyers located in the GCC region.