TradeFlow Capital Management will raise capital and improve access to trade finance for small and medium enterprises (SMEs) by Latin America.
SINGAPORE, September 20, 2021 / PRNewswire / – TradeFlow Capital Management to Provide Enhanced Commodity Trading Support for Companies in Latin America by leveraging its innovative instruments other than loans and credits. By enabling small businesses to have the right level of financial support to execute bulk commodity import / export transactions, TradeFlow Capital will address the growing trade finance gap in Latin America and advancing the goals of the International Chamber of Commerce (ICC) Trade Now campaign.
At the 2021 World Trade and Blockchain Forum of the World Trade Organization, ICC Secretary General John WH Denton AO announced the participation of TradeFlow Capital as part of the Trade Now campaign of ICC aimed at improving SMEs’ access to short-term liquidity to survive the current economic crisis and thrive in the post-pandemic future.
“ICC is delighted to launch this partnership with TradeFlow Capital to free up liquidity for SMEs and advance the global economy. We are confident that our partnership with Tradeflow Capital and other initiatives as part of our ICC Trade Now campaign will create tangible new opportunities for SMEs everywhere, “said ICC Secretary General John WH Denton AO.
“We have been active in Latin America since 2019 and are well positioned to extend our services to the commodities trading industry there, and in particular to SMEs, based on our extensive experience in Africa. With over 45% of SMEs whose trade finance applications have been rejected without access to other sources of finance, TradeFlow is pleased to support SMEs in particular through the ICC Trade Now campaign to enable trade in SMEs otherwise ineligible for traditional forms of loan in Latin Americasaid Dr Tom james, CEO and CIO of TradeFlow.
ICC TradeFlow Capital is part of a diverse range of solutions offered by ICC Trade Now to accelerate the provision of trade finance to SMEs. Over the next few months, ICC will be hosting a series of events for chamber leaders and other stakeholders to help them find the liquidity and mechanisms needed to close the trade finance gap.
Daniel Chua | Vice-President, Communications, TradeFlow Capital Management
Email: [email protected] | T: +65 9177 6348
About the International Chamber of Commerce
The International Chamber of Commerce (ICC) is the institutional representative of more than 45 million companies in more than 100 countries. ICC’s core mission is to make business work for everyone, every day, everywhere. Through a unique blend of advocacy, solutions and standard setting, we promote international trade, responsible business conduct and a comprehensive approach to regulation, in addition to providing market leading dispute resolution services. . Our members include many global companies, SMEs, trade associations and local chambers of commerce.
About TradeFlow Capital Management
TradeFlow Capital Management (TradeFlow) is the world’s leading FinTech-powered commodities trade facilitator focused on SMEs. TradeFlow consists of a diverse team of experts whose mission is to bridge the growing trade finance gap facing global SMEs operating as producers / traders / end users in the commodities trading space by bulk. By playing a leading role in international trade and globalization, TradeFlow creates growth opportunities for businesses and economies. To date, TradeFlow has successfully invested in over US $ 500 million of physical commodity trade through over 700 transactions in over 15 countries and over 25 commodity types, with over 800 SME peer entities reviewed KYC.
In July 2021, Tradeflow was acquired by Supply @ ME Capital plc, the innovative fintech platform that provides inventory monetization service © to manufacturing and trading companies, and which is listed on the London Stock Exchange. The combined strengths of the two entities strengthen TradeFlow’s ability to fulfill its mission of enabling trade for SMEs around the world and, in so doing, support the United Nations SDGs.
TradeFlow Funds *, advised by TradeFlow, were designed in 2016 and launched in 2018. TradeFlow works in partnership with the International Chamber of Commerce and is a FinTech Certified Company (SFA), a member company of the Singapore FinTech Association (SFA) , member of the Alternative Investment Management Association (AIMA), associate member of EuroCham Singapore and Gold member of the South African Chamber of Commerce.
* # 1 SME-Focused Trade Finance Fund in Annual Net Returns to Investors in 2020, According to Alternative Investment Database Records Preqin
SOURCE TradeFlow Capital management