Tradewind Finance Closes Credit Facility for Global Software Technology Consulting Firm based in India
Tradewind Finance is pleased to announce a USD 275,500 receivables program for a global software technology consulting firm based in India.
The Indian company, which has subsidiaries in the UK, is focused on designing, delivering and deploying customized IT solutions that empower companies in the automation and optimization of their workflows, a key requirement in today’s challenging business landscape.
Given the increase in global demand for information technology enabled services, the company had been securing large service contracts and needed additional liquidity to support their growth. As an asset-light company, obtaining conventional financing through the pledging of hard securities posed a challenge for them. Tradewind’s non-recourse, scalable factoring solution proved to be the best fit for their needs since it doesn’t require collateral and funding can grow as sales increase.
With the facility in place, the company can penetrate new markets while leveraging Tradewind’s international network and capabilities, which includes credit protection and collection services for cross-border transactions, as well as local insights into different trading destinations.
"After reviewing a number of finance options, our client chose to work with Tradewind because of our flexibility and international scale. We believe our receivables finance offering will support their expansion goals, in existing markets and beyond,” states Palaniappan Subramanian, Regional Manager Business Development for Tradewind India.
Tradewind Finance, headquartered in Germany, maintains a seasoned workforce of over 170 employees and a global network of offices, including Bangladesh, Brazil, Bulgaria, China, Hong Kong SAR, Hungary, Iceland, India, Pakistan, Peru, Turkey, UAE, and the USA.
Since its inception more than 20 years ago, Tradewind Finance has contributed to driving global trade by providing practical, trade-based liquidity management solutions to small and medium enterprises.