Bolero International partners with Tradeflow Capital to open up SME commodity trade finance
Alternative Commodity Trade Finance solution Tradeflow Capital employs Bolero platform to help SMEs gain access to crucial investment for physical commodity transactions
London, 30th May 2018: Tradeflow Capital, the innovative, Singapore-based alternative commodity trade finance solution provider, is partnering with Bolero International, the premier trade finance digitisation expert, to facilitate crucial investment support to companies in the bulk physical commodity markets around the world.
Bolero’s Multi-Bank Trade Finance solution will enable Tradeflow Capital to provide SME firms around the world with access to essential transaction support, via its ability to invest in and interpose in Physical Commodity asset backed transactions, with unrivalled scalability and security to its investor base and trading counterparts.
Tradeflow Capital can utilise Bolero as its core registry of title and ownership via electronic bills of lading (eBL) management, and apply for Letters of Credit (LCs) from the wide range of banks already on board the Bolero platform. Tradeflow Capital can also benefit from the immense gains in time and efficiency that flow from the use of electronic trade documents.
Tom James CEO, Tradeflow Capital, said: “We are very excited to be partnering with Bolero, using the Multi-Bank Trade Finance solution and electronic document presentation to ensure both our investors, and the counterparties whose transactions we invest in, benefit from lower costs, faster processing of transactions and tighter security than traditional paper-based documentation. We feel our solutions come at just the right time as regulation and costs make mainstream bank commodity trade & inventory financing increasingly difficult to obtain for SMEs.”
Matt Cape COO of Tradeflow Capital added: “Our focus is to digitise the documentation flow in the complete supply chain in order to deliver unrivaled services and scalability. For our SME counterparts and our investors, we are very pleased to bring them the greater efficiency, transparency, accuracy and security that digitised transactions can provide.”
“We are delighted to be working with an organisation like Tradeflow Capital that is using innovation to provide services that conventional banks find difficult, given the cost-pressures of enhanced regulation,” said Ross Wilkinson, Head of Global Accounts for Bolero. “By partnering with Bolero, Tradeflow Capital gives its customers unrivalled access to multiple banks, whilst removing the delays, mistakes and vulnerability to fraud of paper-based processes.” “Tradeflow Capital customers will enjoy shorter transaction times and seamless connectivity with supply chain partners. This is a relationship that is a natural fit for Bolero.”
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About Bolero International (www.bolero.net)
Established in 1998 by SWIFT and the global logistics and insurance industry, Bolero International has built a strong reputation and market leadership position in driving the digitisation of global trade.
Bolero delivers secure, end-to-end, cloud-based services across the entire global supply chain. By digitising trade processes and transactions, providing greater visibility, transparency and control, Bolero is making trade safer, smarter and faster.
For more information, please contact:
The Whiteoaks Consultancy
Tel: + 44 (0) 1252 727313
About Tradeflow Capital (www.tradeflow.capital)
Tradeflow Capital was established in 2016 and is headquartered in Singapore, with a representative office in London. After 2 years of Research & Development in close co-operation with Enterprise Singapore of Singapore, Local Banks, and SME’s, has now launched its holistic Alternative Trade Finance Solution.
The Tradeflow Capital Trade Flow Fund S.P. offers an alternative to and is complimentary to typical balance sheet lending offered by Banks and other financial institution resulting in the enhancement of liquidity in the Commodity supply chain and trading ecosystem.
The holistic solution encompasses:
- Commodity Trade Finance like capabilities via a Fund for Accredited Investors/Institutional investors which invests in to pre-booked physical commodity cargo transactions and commodities in storage for its SME Counterparts, easing their cash-flow and funding requirements.
- Digital Platform to handle and scale a large number of transactions including Electronic Bills of Lading, and E-Documentation processing.
For more information, please contact:
Tom James or J J Ho @ Tradeflow Capital
Tel: + 65 6670 6830
A Member of Alternative Investment Management Association (AIMA)
A Corporate Member of the Singapore FinTech Association
FinTech Certified by the SFA
TradeFlow Capital Management
Investment Advisor to the USD & EURO TRADE FLOW FUNDS
Trade Support Hotline:
+65 3138 1734