Demica Named Best Supply Chain Financier at the TFG International Trade Finance Awards 2019
12 Feb 2019
Demica is amongst some of the many organisations recognised and commended for their contribution to the trade sector at the 2019 International Trade Finance Awards.
Demica has been awarded “Best Supply Chain Financier” by Trade Finance Global (TFG).
The provision of capital to businesses, in a world of increasing regulatory scrutiny, tightening monetary policy and a competitive lending landscape, continues to be a challenge to financiers. TFG have identified the market leaders who are actively helping to fund the USD $1.5 trillion trade finance gap, taking into consideration ethical and sustainable financing practices, delivering efficiencies in trade finance, and modernising the industry.
Following on from Demica's significant growth in 2018, and continuous recognition for innovative and agile solutions within the receivables and payables space, Demica is a market leading platform for corporates and financial institutions, a deserving winner of TFG's 'Best Supply Chain Financier'.
Deepesh Patel, Head of Marketing at Trade Finance Global said: “Last year, we saw FCI select Demica as its “preferred platform provider”,so we are confident that Demica will continue its geographic outreach and investment into receivables and payables technology.
“Demica continues to grow from strength to strength, having introduced new products such as FCIreverse in 2018, which allows FCI's network of 400 banks and factoring firms access to the platform. he added.
Maurice Benisty, Chief Commercial Officer (CCO) at Demica said: “We are honoured to receive this award. This is a recognition of the hard work of our team and the confidence our customers place in awarding their business to Demica. We take neither for granted.”
He said: “We are seeking to transform the way working capital solutions are delivered to large corporate customers. Either by working with banks to provide them platform services or directly with corporates to address their complex financing needs we work to unlock capital for reinvestment.”
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. The company focuses on multinational clients all over the world, across industries and sectors. Over the past four years, 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.