Suite of trade funding options positioned to empower C-suite
and Supply Chain execs
MENLO
PARK, Calif., April 5,
2022 /PRNewswire/ -- Silicon Valley-based inventory
funding firm Trade Capital Corporation (TCC) on Tuesday announced
the upcoming launch of its patent-pending suite of capital funding
solutions designed for OEMS, Suppliers and Contract Manufacturers
to hold inventories off-balance sheet and accelerate operating
cash-flows.
TCC's inventory holding service fees start
as low as 175 basis points over Libor for investment grade
companies.
Dubbed the CaaS Wallet (Capital as a Service),
this fintech suite aims to empower CFOs, treasury and procurement
executives with a range of financial options for monetizing
inventories – at a time when manufacturers are grappling with
bloating inventory stockpiles and supply chain disruptions caused
by a lingering pandemic and geopolitical uncertainty.
Each of the CaaS Wallet's distinct components promise to enhance
cash-flow from operations, drive C-suite visibility into the supply
chain and strengthen business resiliency and agility. At the same
time, the CaaS Wallet supports fiscal governance and accountability
across business units without hampering physical flows in the
supply chain operations.
"The CaaS Wallet offers standardized products, pricing and
procedures, so it is truly plug and play. Our streamlined legal
agreements and sophisticated accounting support allow you to
maintain existing supply chain relationships and access to your raw
materials and components. Whether you are looking to fund
$25 million, $250 million or more, we can quickly have you up
and running smoothly," said Michael
Doran, TCC's CFO and General Counsel.
"Our patent-pending CaaS Wallet is a strategic tool and a game
changer for the supply chain finance industry as it helps reduce
the burden of holding much needed inventories, and can accelerate
payment terms. TCC's inventory holding service fees start as low as
175 basis points over Libor for investment grade companies, making
the Wallet a compelling value proposition that's hard for CFOs and
CPOs to ignore," says Sanjay Bonde,
TCC's CEO and Chairman.
The CaaS Wallet and its components will be officially unveiled
at an invitation-only event onApr 21, 2022in Menlo Park, TCC's headquarters in California.
About TCC
TCC addresses the final frontier in trade
finance: outsourced off-balance sheet inventory funding.
TCC's on-demand Capital as a Service (CaaS) solution offers access
to cash flow, providing customers with a lean-asset balance sheet,
liquidity, and capital efficiency. TCC raises and manages large
sums of both debt and equity capital to facilitate your company's
growth by delivering access to dedicated and non-dilutive capital,
enabling you to focus on innovation and value creation.
For more information visit: www.tradecapitalcorp.com
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SOURCE Trade Capital Corporation