TreviPay, a global financial technology company specialising in B2B embedded payment and credit solutions, will continue its strong growth trajectory supported by a new $215m global receivables securitisation facilitated by Demica, a leading fintech specialising in working capital solutions.
As TreviPay continues its global expansion across North America, Europe and Asia-Pacific, the new funding structure will enable the company to better meet increasing B2B customer demand for B2C-like payment services. Demica ran a competitive distribution process, including TreviPay’s banking partners and other platform funders to optimise terms, then designed a tailored financing structure automated by its next-generation platform to maximise the size of facility to support this growth.
The additional funding will also enable TreviPay to provide its customers with expanded trade credit solutions across a wide spectrum of countries and currencies, as well as to support continued investment in TreviPay’s advanced embedded payment technologies, which enhance the customer experience for B2B buyers.
The Demica team created a unique transaction structure for TreviPay that combines a concurrent securitisation with a government receivables purchase facility. The structure was tailor-made for TreviPay’s specific business and financial requirements and went live in under four months.
Commenting on the deal, TreviPay CEO Brandon Spear said, “in response to our customers’ growing demand for digital transformation in B2B commerce, we are proud to work with Demica, a company as modern and multinational as TreviPay, to support our continued growth.”
Demica CEO Matt Wreford said, “We’re excited to use our unique combination of financial expertise and advanced technology to deliver this funding programme for TreviPay and support their continued growth.”
TreviPay is a global financial technology company specialising in complete digitisation of B2B payments through secure trade financing to drive enhanced customer loyalty. TreviPay supports merchants by streamlining the purchasing experience and supporting increased customer interaction in B2B Commerce, facilitating $6 billion USD in transactions per year in 18 currencies for customers in more than 27 countries. To learn more about TreviPay, please visit TreviPay.com.
Demica is a leading Fintech providing a broad range of supply chain finance solutions to multinational clients operating in over 60 countries. Today Demica has over US$18bn of funding outstanding on its platform, provided by a diverse range of banks and institutional investors, and enables the provision of sustainable long-term financing. Demica’s state of the art SaaS platform transforms trade finance by delivering next generation technology and world-class user experience to banks and large corporate customers. To learn more about Demica, please visit Demica.com.
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