Hong Kong-based trader of cell phone accessories receives USD 1 million export factoring facility from Tradewind Finance
Tradewind Finance is pleased to announce the closing of a USD 1 million export factoring facility for a cell phone accessories trading company from Hong Kong. The trader will use the funding to promote exports to the United States.
With an export volume of USD 5 million annually, the company supplies top fashion brands with a variety of cell phone accessories, such as AirPods cases and phone cases. Due to increasing export orders and relationships with large buyers around the world, the company maintained financial health throughout the pandemic. Nonetheless, the company became squeezed for cash flow and found itself unable to keep up with the surge in orders and extended payment terms. Using Tradewind’s export factoring services, the company was not only able to increase its working capital, but it was also able to complete existing deals and accept large new orders, resulting in further growth.
"Our flexible process and operation, tailored solutions, and global network made Tradewind a reliable business partner for this fast-growing company,” Jason Wang, Senior Vice President, Sales at Tradewind China, stated. "We are delighted to continue to support the company's growth.”
About Tradewind Finance
Founded in 2000, Tradewind Finance maintains a network of offices all over the world, including Bangladesh, Brazil, Bulgaria, China, Hong Kong SAR, Hungary, Iceland, India, Pakistan, Peru, Turkey, UAE, and the USA as well as the headquarters in Germany. Combining financing, credit protection, and collections into a single suite of trade finance products, Tradewind brings streamlined, flexible, and best-in-class services to the world’s exporters and importers.