Demica hires Johannes Wehrmann as Director, Working Capital Solutions as the company grows origination capacity across Europe

16 Aug 2018

Demica News

Johannes will be primarily focussed on the German, Austrian and Swiss markets providing Demica’s full suite of receivables and payables-based financing products. He has over a decade of experience in structured finance, factoring and asset backed lending having held the position of Head of Structured Finance at both GE Capital, Germany and Targo Commercial Finance

Maurice Benisty, Chief Commercial Officer, commented “We are very excited to welcome Johannes to the origination team and I look forward to working closely with him as we continue to win new bank and corporate mandates. His technical knowledge and extensive relationships will bring Demica closer to our customers in the DACH region where we continue to see significant demand for our products and services” 

“It is great to be part of a dynamic team with the ambition to grow business across multiple jurisdictions whilst at the same time innovating on product. There is considerable unmet customer need in trade finance and scope to unlock that potential by working with banks and corporates across the DACH region and beyond”  added Johannes

About Demica

Demica is a rapidly growing Fintech providing working capital solutions to large corporates and banks with a broad range of receivables, inventory and payables finance products. With a 20-year track record, the company focuses on non-investment grade, multinational clients all over the world, across industries and sectors, requiring facilities of $50m - $750m+

Over the past three years following its change in ownership, Demica has materially expanded its origination, structuring, implementation and placement teams to enable it to offer a seamless end-to-end solution to a wide universe of clients. In parallel, significant investment in its proprietary technology platform has enabled it to automate complex, high volume programmes and release billions of dollars of trapped working capital from supply chains with an exciting pipeline of new products and services for 2019 and beyond. Today, over $9bn of funding is outstanding on the platform, provided by a diverse range of banks and institutional investors