KredX partners with Tradewind Finance to provide comprehensive export and supply chain finance solutions




NNA |
Updated:
03 June 2022 15:08 STI

Bengaluru (Karnataka) [India]June 3 (ANI/NewsSee): Continuing its efforts to give businesses fast and affordable digital access to liquidity, KredX, India’s largest supply chain finance platform, today announced its collaboration with Tradewind Finance, a global financial solutions company to support enhanced export and supply chain finance solutions for businesses. This collaboration will focus on providing financing to KredX customers for their international business, exports and imports, at competitive rates by leveraging KredX’s platform and the financing capabilities of both companies.
In November 2021, KredX received “in-principle” approval from IFSCA to offer a platform for Indian companies to transact and raise finance for their exports and imports. This allows KredX to expand its expertise by offering a world-class transaction platform and to offer financing solutions to its existing customer base while continuing to add new ones. The collaboration with Tradewind, among other such collaborations in prospect, will allow KredX to offer a transparent, competitive and reliable financing option to Indian companies for their international activities. Under this new agreement, KredX will serve the domestic financing needs of Tradewinds customers in India and provide Tradewind with firmographic data and business intelligence regarding the Indian market that will strengthen the association of German and Indian lenders with exporters in India.
Tradewind Finance, headquartered in Germany with a presence in India, provides liquidity to companies that trade internationally and in multiple currencies. The company’s focus on cross-border financing, along with its strong portfolio of buyers and suppliers based around the world, will provide Indian companies with the cash resources needed to expand their business globally and trade more. effectively. Tradewind’s competitive pricing and scalable funding will also enable Indian companies to execute larger volumes of trades.

Commenting on the collaboration, Manish Kumar, CEO and Founder of KredX, said, “We are very pleased to partner with Tradewind Finance on such an important initiative. Collaborate with a globally recognized organization like Tradewind with expertise and experience in enabling trade finance globally. will enable us to further empower businesses and open up new avenues of growth not only in India but internationally. Given our large customer base and significant operations in India, we are confident that this partnership will help us better serve our customers and tap into the underserved export and import finance market in the country. We are targeting growth of more than 1,000% in the main corridors of the United States, Europe, the Middle East and the rest of Asia.
“We are delighted to partner with KredX and make cross-border financing more accessible to Indian businesses. Tradewind is deeply invested in India and we are delighted that our services are helping SMEs take center stage in the global market. We are confident that this partnership will be rewarding for both companies and will help achieve the broader goal of providing fast access to finance for SMEs domestically and internationally,” comments Soheil Zali, Tradewind Regional Commercial Director for Asia. from the West and the South.
Founded in 2015 in Bangalore by Manish Kumar and Anurag Jain, KredX is a leading provider of integrated financial solutions accelerating finance through the use of cutting-edge technology and data. The company offers a host of customizable solutions ranging from corporate finance and cash flow management solutions to working capital and channel finance solutions for businesses large and small operating within the ecosystem of supply chain while offering unique alternative debt investment solutions to investors around the world. Through the use of reliable technology to accelerate customer growth, the company aims to become the world’s fastest operating system for supply chain finance.
Tradewind is a Germany-based financial organization that provides international trade finance solutions to small and medium enterprises worldwide as well as large corporations worldwide. Their main products are export non-recourse factoring and supply chain finance. By combining financing, credit protection and collections in a single suite of trade finance products, Tradewind offers comprehensive, streamlined and best-in-class services to exporters and importers around the world.
This story is provided by NewsSee. ANI will not be responsible for the content of this article. (ANI/NewsView)

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