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Demica brings vital expertise in technology integration and reporting requirements to €250 million trade receivables securitisation deal for Madrid-based employment services platform.
Demica – the leading fintech specialising in working capital solutions – has partnered with Job&Talent, the world-leading marketplace for essential work, to close a €250 million trade receivables securitisation funded by Barclays and Fasanara Capital.
Demica is acting as the reporting agent, delivering the reporting, calculations and servicing required to manage the transaction. All this is managed through the Demica Platform’s advanced automation and dashboarding functionality which gives funders and corporates transparent, up-to-date oversight of transaction performance and ensures compliant reporting.
Acting in close collaboration with Barclays and Fasanara Capital, Demica supported the implementation of the new financial structure and helped them integrate with Job&Talent’s ERP system for seamless access to invoice data required for daily reporting.
Trade receivables securitisation is a strategic financial solution that enables businesses like Job&Talent to mitigate the time-gap between paying workers’ salaries and collecting payment from clients. With a strong working capital facility, Job&Talent can achieve sustainable growth as the company continues to enhance its service and product offerings. This new financing facility has an initial term of three years, with two optional extensions.
Angel Blanco, Demica’s Managing Director and Head of Platform Solutions, said: “We’re very pleased to have worked so closely with our partners Barclays and Fasanara Capital on what is a landmark deal for Job&Talent. Our substantial experience in reporting on these large complex transactions combines with our cutting-edge technology to make a significant difference on the delivery of these programmes.”
Felipe Navio, Co-founder and Co-CEO of Job&Talent, said: “With the new facility we are able to achieve further business growth and scale our operations efficiently. This not only highlights Job&Talent’s financial strength and stability, but also reflects the confidence and trust that our financial partners have in our business model and growth prospects. We are committed to continuously driving innovation in the temporary staffing industry, while delivering exceptional value to both our clients and workers.”
About Demica
Demica is 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. Trusted by major global organisations, Demica has US$40bn 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.
About Job&Talent
Job&Talent is a world-leading marketplace for essential work, matching great people with great companies directly through its platform. Founded in 2009, its mission is to empower workers by offering stability, faster job placements and fair treatment, while supporting companies with efficient workforce management solutions. The AI-enabled platform streamlines and automates workforce management, helping businesses achieve higher productivity and workforce reliability. In 2023, Job&Talent placed over 310,000 workers in more than 3,800 companies across industries like logistics and retail. Headquartered in Madrid, Job&Talent operates in 10 countries across Europe, the U.S., and Latin America, backed by leading investors such as Atomico, Kinnevik, and Softbank.