“Scalable funding is one of the hallmarks of Tradewind’s services. We are pleased to be part of the client’s growth story and expand funding in line with their sales,” Dickson Au, Tradewind’s Regional Commercial Director – Far East, commented.

Founded in 2000, Tradewind Finance maintains a network of offices all over the world, including Bangladesh, Brazil, Bulgaria, China, Hong Kong SAR, Hungary, 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.

The post Consumer Electronics Company in Hong Kong Receives Upgraded Credit Facility from Tradewind Finance appeared first on Tradewind Finance.

With 20 years of experience in the manufacture and trade of consumer electronics, the company has developed a customer base that includes several prominent global brands while maintaining good relationships with its suppliers. However, as more and more buyers requested to trade on credit terms, the company began to encounter tight cash flow.

Though it had worked with a bank and a different factoring firm in the past, the company switched to Tradewind Finance because of its reputation of high-quality service in the trade finance industry. Unlike traditional bank loans, the factoring service Tradewind Finance provides is mainly based on the buyer’s credibility rather than on a pledge of fixed assets or personal guarantee, which was attractive to the company.

With the USD 5.5 million in funding from Tradewind Finance, the company was able to release the cash flow tied up in its receivables, which allowed it to get back 90% of the value of its invoices, manage orders with 90-day payment terms, and pay suppliers earlier to secure good pricing.

“Tradewind’s dynamic and tailor-made services has enabled our client to better answer their funding needs and continue on the growth journey of their business. In addition, our credit insurance coverage helps to mitigate trade risk, which is important particularly in the current challenging market,” said Dickson Au, Regional Commercial Leader – Far East, at Tradewind Hong Kong.

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.

The post Tradewind Provides USD 5.5 Million Export Financing to Consumer Electronics Trading Company in Hong Kong appeared first on Tradewind Finance.

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.

The post Hong Kong-based trader of cell phone accessories receives USD 1 million export factoring facility from Tradewind Finance appeared first on Tradewind Finance.