HomeBlogMedia response: Deutsche Bank’s participation in Traxpay
Media response: Deutsche Bank’s participation in Traxpay
The news of the partnership with Deutsche Bank has generated a great deal of media coverage. We have compiled a selection of the coverage for you to view here.
Suppliers need better financing because of corona
In times of tight liquidity, the relationship between buyers and suppliers is altered – and digitalization is given a boost. But there are even more reasons why Deutsche Bank is now participating in the fintech Traxpay. Please note that this article is available only in German.
Traxpay broadens its circle of shareholders with Deutsche Bank joining
Deutsche Bank continues to grow in supply chain finance and is participating in Traxpay, the Frankfurt-based fintech. Markus Rupprecht, Traxpay’s founder and CEO, wants to bring more banks on board. Please note that this article is available only in German.
Fintech Firm Traxpay, which Offers Dynamic Discounting and Reverse Factoring Solutions, to Receive Investment from Deutsche Bank
Frankfurt-based Deutsche Bank AG, a multinational investment bank and financial services company that’s dual-listed on the New York Stock Exchange (NYSE: DB) and Frankfurt Stock Exchange (FWB: DBK) with around €1.3 trillion in assets, will reportedly be investing in Germany-based Fintech firm Traxpay.
Supply chain finance is an unwieldy term, but a simple and inexpensive financing tool for suppliers. ExportManager reports on platform solutions from fintechs that are on the rise thanks to cooperations with banks.
Many companies are struggling with liquidity shortages due to the coronavirus pandemic. However, classic measures such as extending payment terms can spell doom for smaller suppliers. This serves no one's interests. For many companies, Supply Chain Finance can provide a remedy.