DS-Concept Announces Trade Finance Facility for Fast Growing Ad-Tech Company in the U.S.
DS-Concept is pleased to announce that it has provided an eight figure credit facility to an advertising technology group headquartered in the U.S. and selling to major global advertising agencies. The ad-tech company is using this facility to create critical working capital to support its very active acquisition endeavors as it rapidly expands internationally.
DS-Concept finances the group on open account net 60 day terms and was able to structure a facility in four currencies to service subsidiaries in six distinct markets including Europe and Asia. Because of DS-Concept’s international finance expertise and capabilities, it was considered the most suitable finance partner to facilitate the company’s far reaching goals.
“We’re pleased to announce our first deal in this interesting new space,” said John Stillwaggon, CEO of DS-Concept USA. “While our client’s technology is cutting edge, the need for cash-flow is a perennial challenge. This is a good example of how DS-Concept continues to evolve to capitalize on new opportunities and new markets.”
The DS-Concept group provides innovative international cash flow solutions tailored for global clients. Focused on the mid-market, its core products are non-recourse factoring and supply chain finance. The group has built an unrivalled reputation for the depth of its international finance expertise by maintaining a network of offices and affiliates around the world including the USA, China, India, Hong Kong, UAE, Turkey, Bangladesh, Pakistan, Iceland, UK, Spain, Bulgaria, Hungary and its headquarters in Germany. Combining financing, credit protection, and collections into a single trade finance facility, DS-Concept offers streamlined, flexible and best-in-class services.