Source - RNS
RNS Number : 4688I
Trade Finance Solutions Inc
31 August 2016






Corporate Update



Trade Finance Solutions ("TFS" or "the Company"), the global provider of working capital and cross-border trade financing, is pleased to provide an update on the success of its continuing international expansion program.

New transactions stemming from the Company's expansion over the past two months have resulted in a pipeline of 21 deals, currently in the Underwriting phase, totalling USD $150 million. The deals will provide companies engaged in import/export operations and domestic trade with products to provide essential cash flow and steady access to working capital. These companies benefit from TFS' ability to finance the entire supply chain of a business' trading cycle and the security provided on the basis that the Company monitors the operational side of the business including the receivables, inventory and cash flow.

TFS' European Headquarters, launched in June this year in the City of London and headed by structured and corporate finance expert Chris Ash, has allowed the Company to expand its offering into new geographies, with a focus on meeting demand from eastern European and Scandinavian markets.

New staff hires by the Company service the continued growth in deal flow and build on the 50-strong international team. A Singapore office, a possibility for 2017, will see the team expand further and boost the Company's presence in the Far East. New hires in TFS' major operating offices in Toronto, Miami and London are being made to accommodate new deals in North America, and Europe.

Complementary acquisitions are being sought over the coming months in the U.S.A. and United Kingdom. The Company is actively seeking to add solid businesses with records of successful operations across the alternative finance industry as part of its growth program.

TFS Global Head of Business Development Bruce Sim commented: "We are pleased with our progress over the last weeks and are delighted to be able to service the growing demand for our products globally. The Company is in a position to provide working capital for cross-border and domestic trade across 4 continents, and our growing team stands ready for our further expansion. Merchants are clearly demanding an alternative to the stringent criteria offered by banks, and value TFS' bespoke approach to structuring transactions. The Company looks forward to updating the market on continued progress."








Trade Finance Solutions


Bruce Sim

Global Head - Business Development


Chris Ash

President - TFS Europe


Karim Habib

Managing Director - Business Development - Canada


Yellow Jersey PR Limited


Aidan Stanley

Dominic Barretto




Florida: +1 786.279.2916

[email protected]


London: +44 (0) 203 866 1950

[email protected]


Toronto: +1 416.235.1690

[email protected]





London: +44 (0) 7584 085 670

[email protected]






Trade Finance Solutions provides commercial financing options for businesses and merchants of all sizes seeking secure, efficient alternatives to traditional bank lending. The Company services distributors, manufacturers, suppliers and retailers across four continents.

TFS provides the expertise, hands-on experience and knowledge of local regulations to facilitate cross-border trade for fast-growing businesses. The Company offers a full suite of international trade financing solutions to help drive sales and help clients expand in global markets.

Purchase order financing allows businesses to take advantage of sudden large orders from new or existing customers regardless of their current cash position. On the strength of a client's orders, TFS helps secure additional capital in excess of what a company's balance sheet can support.

Asset-based lending services allow TFS to lend against accounts receivable to facilitate bank debt refinancing, working capital, growth strategies, acquisitions, shareholder or management buyouts, or balance sheet recapitalization.

TFS' supply chain financing, or supplier credit, optimizes cash flow by allowing companies to lengthen their payment terms to their suppliers, and/or providing the option for their suppliers to get paid early. The buyer allocates working capital more efficiently and the supplier generates additional operating cash flow, minimizing risk across the supply chain and reducing frictions.

TFS offers accounts receivable financing and can buy companies' outstanding invoices or receivables to generate cash for immediate use instead of waiting the usual 30, 60 or 90 days for customers to pay their invoices.

Trade Finance Solutions Inc. has major operating offices in Toronto, Canada, Miami, Florida, London, United Kingdom, and has local representation in New York and Los Angeles.

This information is provided by RNS
The company news service from the London Stock Exchange