Exclusive: Tradeplus24 Enters Into a Distribution Agreement with Postfinanceby Fintechnews Switzerland July 16, 2020
Tradeplus24, a leading provider of receivables-backed working capital facilities to Swiss SMEs and Mid Cap companies, has signed a distribution agreement with PostFinance.
The agreement gives Tradeplus24 access to the Postfinance’s vast client base in the SME market while allowing the government-controlled bank to widen its offering on the lending side.
Differentiated by offering long-term larger ticket working capital solutions at bank-level pricing, the offering is suitable for companies looking to strengthen their access to flexible funding post-COVID 19.
“During these difficult times, it is great to see another forward looking bank supporting its customers in their liquidity needs by providing easy access to the latest innovation in receivables backed lending”
says Ben James, CEO of Tradeplus24.
Launched in late 2016 and partnered with leading banks such as Credit Suisse and Switzerland’s largest insurance advisor Kessler & Co AG (Marsh Network), Tradeplus24 specialises in supporting SMEs and mid-market companies with solutions that makes raising funds simpler and more cost-effective.