Demica’s market-leading supply chain finance platform, used by the world’s leading trade banks and corporates to power their working capital programmes, grew Assets under Administration (“AuA”)1 by 28% in 2022 to reach a milestone $27bn, representing over $160bn of annual volume.
With the flexibility to support the full range of open account trade finance products, the Demica Platform is used by over 55 of the world’s leading trade bank and non-bank financial institutions to finance clients in over 60 countries. The material growth in AuA in 2022 came through a combination of:
- the launch of new programs for corporates seeking low-cost working capital finance to mitigate the impact of rising inflation and higher interest rates; and
- large-scale asset migrations by banks moving away from legacy internal systems.
Commenting on reaching $27bn, Demica CEO Matt Wreford said, “The global supply chain finance market is going through a period of significant growth at a time when banks are modernising systems and investing for the future. Demica, having established itself as a trusted partner to the world’s largest trade banks and corporations, has been one of the major beneficiaries of these market dynamics. Taken together these drivers give us confidence that our high growth rate will continue through 2023 and beyond.”
1 Assets under Administration is the total value of the receivables on the Demica platform across receivables and payables programs as at 31st December 2022.
Growth in 2022
We have grown Assets under Administration to $27bn, increasing our global presence
We are a market-leading fintech, powering the trade finance programmes of the world’s largest trade banks and corporations. Demica’s proposition is simple: our intuitive, cloud-based platform enables financial institutions and corporates to automate and scale their working capital solutions. Today, we have US$27bn of Assets under Administration, across the full spectrum of working capital products. Funded by a diverse range of banks and institutional investors, these programmes enable companies to strengthen their supply chains and redeploy capital to drive growth. To learn more, visit Demica.com.
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