What is Trade Finance ?
Trade finance is a type of financing that helps businessesmanage the risks and costs associated with international trade. It provides access to funds, manages payment risks, and optimizescash flow, allowing businesses to grow and compete globally. By using trade finance, businesses can mitigate the risks of non-payment, currency fluctuations, and other trade-related risks.
How it Works
Step 01
Application and Approval :
We review your application and verify your business information, including your company profile, financial statements, and trade history. Our team of experts assesses your creditworthiness and evaluates the risk associated with your business. If approved, we provide you with a tailored trade finance solution that meets your specific needs.
Step 02
Invoice Financing :
You upload your invoices to our platform, which are then verified and validated by our team. We advance up to [x]% of the invoice value to you, providing you with immediate access to working capital. This funding can be used to pay for goods, services, or other business expenses.
Step 03
Payment Processing :
Your customer pays the invoice amount to us, either directly or through a letter of credit. We process the payment and settle the transaction, ensuring that you receive the funds quickly and securely. Our platform provides real-time tracking and updates, so you can monitor the status of your payments at any time.
Step 04
Risk Management :
We assume the risk of non-payment by your customer, protecting you from potential losses. Our team of experts monitors the creditworthiness of your customers and provides guidance on managing credit risk. In the event of non-payment, we work with you to resolve the issue and minimize any potential losses.
Benefits
Simplify Your Financial Management
Get instant access to working capital
Manage cash flow and payment risks
Increase your business's competitiveness
Improve relationships with suppliers and buyers
Glossary
Trade finance can be complex, and understanding the terminology is crucial to making informed decisions. Here's a list of key terms and concepts related to trade finance.