Supply chain finance is an unwieldy term, but a simple and inexpensive financing tool for suppliers. Platform solutions from fintechs are on the rise.
Most platforms started as competitors to banks. In the meantime, however, it has become generally accepted that banks not only have better access to customers, but are also hardly dispensable as financing partners. That is why some providers have switched to a cooperation model with banks.
The Frankfurt-based fintech Traxpay has now taken a decisive step further: In July 2020, the platform, which focuses on dynamic discounting and reverse factoring, took on Deutsche Bank as a shareholder, a bank that plays a leading role in supply chain financing worldwide. “We believe in the future of platforms and in the joint added value of fintechs and banks,” says Daniel Schmand, Global Head Trade Finance and Lending at Deutsche Bank.
The Traxpay Platform is a multi-bank platform, allowing virtually any bank globally to use its services and making it a bank-friendly choice globally!
Learn more in ExportManager (Issue 5):