Tradewind Provided Export Factoring for a Fashion Houseware Trading Company Based in Shanghai

SHANGHAI,May 20,2019 -- A fashion houseware trading company in Shanghai recently kicks off the cooperation with Tradewind for the export factoring arrangement. The company is focused on the design and export of kitchen utensils and home accessories. The products are sold to the United States,Canada,and Mexico. The buyers are large chain stores including Walmart,hotel groups,and US mainstream online sales platforms including Amazon.

Fashion houseware

Due to rapid development,the company has a large demand for cash flow. Despite their current equity financing from an angel investor and inventory financing from JP Morgan and Wells Fargo,the company's operation capital remains tight. Besides,the well-known top ceramics supplier requires timely payment,while their downstream buyers are all world class groups that require 75-90 days on open account. The company has to have very standardized and efficient financial support and operations. After selecting the services of many financing institutions,the customer chose Tradewind,who can provide customized factoring services,hoping that Tradewind can help its growth and commercial success.

With the 1.4 million US dollars recurrent facility,the company is able to ease the shortage in the cash flow. However,since only 25% of the order was sent to China HQ,the company still has liquidity pressure from the US subsidiary. Under the arrangement with Tradewind,as long as the factoring services goes well,the client can gradually increase cooperation from from the US side,with PO finance and Inventory financing.

"We are honored to be part of the company's success story. As a leading provider of international factoring,Tradewind has years of success in providing services to clients across the world from various industry background. Our International capabilities and industry know-how enable us to cooperate with top class buyers globally and provide flexibly finance solutions to the Chinese supplier and its overseas affiliates,helping them grow and win globally. " said Ms. Fiona Li,the Project Manager of Sales in Tradewind.

Tradewind Finance is focused on providing customized trade finance solutions to global clients

Tradewind (formerly DS-Concept) provides innovative international cash flow solutions tailored for global clients. Focused on the mid-market,its core products are non-recourse factoring and supply chain finance. The group has built an unrivaled reputation for the depth of its international finance expertise by maintaining a network of offices around the world including the USA,MainlandChina,India,Hong Kong,UAE,Turkey,Bangladesh,Pakistan,Iceland,Bulgaria,Hungary,Peru and its headquarters in Germany. Combining financing,credit protection,and collections into a single trade finance facility,Tradewind offers streamlined,flexible and best-in-class services.

Photo - https://photos.prnasia.com/prnh/20190520/2471898-1-a

Photo - https://photos.prnasia.com/prnh/20190520/2471898-1-b