DS-Concept is pleased to announce that, for the first time, it has sealed the relationship with an import factor and closed an import factoring transaction via Factors Chain International (FCI).
DS-Concept’s Bulgarian client, who is one of the largest producers of steel tubes in Eastern Europe, with annual sales of $17MM, requested financing to his buyer in Slovakia. By utilizing DS-Concept’s global FCI resources, DS-Concept collaborated with the local FCI partner and facilitated the transaction. The financing was provided to the client timely and smoothly.
“By collaborating with FCI members around the world, DS-Concept opens the door to endless opportunities for its clients. Financing of a transaction from Bangladesh to Chile or from China to Brazil is no longer uncommon, it has become more of a standard practice for DS-Concept,” said Anna Buzik, Manager of Global Initiatives at DS-Concept’s New York office.
DS-Concept is an international trade finance group headquartered in Germany with 15 global offices. DS-Concept works with SME and middle market companies worldwide to provide non-recourse factoring and supply chain financing. With over 150 employees located in 13 countries, speaking over 15 languages, the private lender’s staff offers world class customer service and truly understands global trade. Combining credit protection, collections, and financing into a single suite of trade finance products, DS-Concept brings streamlined, flexible and best-in-class services to the world’s exporters.