“Using the full range of Supply Chain Finance and ensuring sustainable added value for all platform users”.
Markus Wohlgeschaffen joins the Supply Chain Finance Platform Traxpay as a Product Manager. Wohlgeschaffen, who spent more than 30 years in trade finance at Unicredit Group and its predecessor institutions, most recently as Global Head of Trade Products at UniCredit Group, hired at the Frankfurt-based fintech at the beginning of the year.
“Traxpay is a special platform with its open multi-banking approach. I am proud to be part of this innovative and highly motivated team,” said Wohlgeschaffen, whose career includes positions such as Chair of the Global Trade Industry Council of the Bankers Association for Finance and Trade and on the Board of Trustees of the Fraunhofer Institute for Material Flow and Logistics. “Our joint mission is to create the most value for all platform users involved in the supply chain network: Corporates, suppliers, banks and other financial partners.”
On the Traxpay platform, corporates have the opportunity to use both their own liquidity and debt capital received from their core banks or third-party financing partners to strengthen their supply chain. Participating banks preserve their customer relationships and gain much broader access to their customers’ supplier base and more opportunities for cross-selling on the platform. Currently, platform users can access Dynamic Discounting and Reverse Factoring and seamlessly switch between the forms of financing as needed, and digital forfaiting options are also being added to the platform’s offerings.
In terms of supplier growth and transaction volume, Traxpay is looking back on a record year. “We feel the demand from companies for a holistic Supply Chain Finance solution,” explains Markus Rupprecht, CEO and founder of Traxpay. “With the experience and expertise Markus Wohlgeschaffen brings, we will expand our product offering with new digital financing tools in 2021.”