Tradewind Finance has recently closed a USD 900,000 export factoring facility for a textile trader in Thailand. The financial partnership has enabled the company to accelerate cash flow and finance its exports to US buyers.
Benefiting from low-cost labor and plenty of raw materials, the textile industry in Thailand has grown significantly in the past 50 years. The country is also one of the few which could support the industry’s whole value chain, from upstream to midstream to downstream activities, according to the Office of the Board of Investment in Thailand.
The experienced trader, a prominent textile company with a long history, has been purchasing products from suppliers in China and exporting them to US buyers for several years. Today, the company holds a strong position in the marketplace for its well-received products, with a seven-figure annual export revenue.
Introduced by its sister company located in a neighboring country, the client turned to Tradewind, a leading alternative finance provider, for the firm’s non-recourse factoring products to enhance its cash flow and boost business growth. With this new funding in place, the exporter was able to better serve its customers and achieve its growth goals, including meeting overseas buyers’ demand for top-notch products and payment at 120 days’ sight.
“With a deep understanding of the financial needs of businesses in all sectors, we are excited to provide our customized trade finance solutions to this well-established exporter so it can continue to expand. The financial partnership will help our client focus on its core business and fulfill various requirements for its customers, while we provide the timely financial support it needs to succeed,” 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.
