Tradewind Finance has been named Best Alternative Finance Provider at the 2021 QNA Marcom India Trade Review.
The summit and awards ceremony honored the contributions of select institutions in the banking and finance industry. Other winners included Euro Exim Bank and the SME Chamber of India.
Maham Siddique, Regional Marketing Director, Tradewind Middle East Limited, said: “There are over 350 alternative lending startups in India alone. Foreign (finance) companies such as Tradewind bring with them a specialized knowledge of underlying business that is probably difficult and sometimes impossible for traditional financial institutions to replicate. The government needs to unleash them and allow them to flourish in the SME space to help bridge the trade finance gap.”
Soheil Zali, Regional Commercial Director Tradewind Asia, remarked: “Indian SMEs understand there are alternative lenders available to support their financing needs. SMEs can tap into additional liquidity by implementing a factoring arrangement. Factoring can provide a funding solution which grows as the company grows.”
Tradewind recognizes SMEs are the backbone of the global economy. Over the last year, Tradewind has not only supported existing relationships with repayment relaxations, but has also introduced new pools of liquidity to its relationships in India and the subcontinent.
For a link to a recording of the event, please click here: https://lnkd.in/d7YQ6gh