Tradewind Finance has successfully closed a USD 2 million export factoring facility for an electronics producer based in Guangdong, China. The facility has enabled the company to enhance cash flow and support its exports to Europe.
The province of Guangdong is China’s leading exporter of electronic products, with exports reaching USD 107.73 billion in the first half of 2024, a 9.3% year-on-year increase, according to data from China’s General Administration of Customs. Established over a decade ago, the electronics SME specializes in developing popular electronic products and has earned hundreds of patents worldwide. Leveraging the advanced production capabilities in the region, the company has built long-term relationships with a network of international buyers.
As the company expanded, the self-financed structure and extended accounts receivable cycles began to strain its cash flow, posing challenges to daily operations. To address this, the company collaborated with Tradewind, recognizing its expertise and solid record in cross-border trade finance. With Tradewind’s export factoring solution that includes a USD 2 million facility and added credit protection, the producer can quickly unlock cash flow tied up in its receivables, ensuring a steady flow of working capital.
“We believe that our customized financing solution will help our client adeptly tackle the financial challenges associated with business growth. The partnership allows our client to fully benefit from Tradewind’s comprehensive trade finance expertise and on-the ground support, positioning them for continued success in the global market,” said Dickson Au, Regional CEO – 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, 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.
