TalkTalk deepens partnership with Demica to support long-term liquidity

TalkTalk, the UK’s leading value for money connectivity provider, is deepening its long-standing partnership with Demica, to continue accessing cost-effective working capital and further drive its growth.

TalkTalk and Demica have worked together since September 2016, with TalkTalk using Demica’s market-leading platform to power reporting for its working capital solutions.

The new three-year deal now sees TalkTalk access £75m of liquidity, funded by credit funds and accounts managed by KKR’s credit business. The transaction takes advantage of Demica’s expert working capital advisory and distribution services, in addition to maintaining the comprehensive transaction reporting Demica was already providing.

Commenting on the enhanced partnership, Markus Musielak, Demica’s Managing Director, Structuring, said “It’s great to continue our long-standing partnership with TalkTalk, particularly as we add more of our specialist capabilities to support their long-term financial objectives. We look forward to seeing this partnership grow over the coming years.”

About Demica

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 over US$27bn of Assets under Administration (AUA)* on our platform, 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.

*Assets under Administration is the total value of the receivables on the Demica platform across receivables and payables programmes as at 31st December 2022.

About TalkTalk Group

TalkTalk is the UK’s leading value for money connectivity provider with around 4m customers. It believes that simple, affordable, reliable and fair connectivity should be available to everyone.

From its HQ in Salford, TalkTalk offers the UK’s latest fibre technology as it rolls out across the country, bringing 100% full fibre directly into homes and businesses across Britain.