Accelerated Payments launches trade finance product APTF to help businesses with cross-border trade
Pictured: Ian Duffy, CEO, Accelerated Payments
Accelerated Payments, an international company operating in end-to-end working capital solutions, is based in Dublin, London, Toronto, Florida
Accelerated Payments, an international company in end-to-end working capital solutions, announced in April the launch of its trade finance product, AP Trade Finance (APTF).
APTF offers unparalleled flexibility and control, making it a solution for businesses operating on a global scale, especially in industries such as manufacturing.
APTF leverages a logistics-intensive processes that allows the company to assume full control over goods at the manufacturing site and delivery to the SME client. This approach gives businesses, in particular SMEs, much-needed flexibility and adaptability in challenging economic environments and supply chain complexities.
The launch of APTF comes as small and medium-sized enterprises (SMEs) continue to struggle with disruptions caused by the global pandemic and Brexit. According to recent reports, 43% of SME owners reported being impacted by supply chain issues in the past year, with many struggling to obtain cost-effective supplies or products for their businesses. Meanwhile, one in four SMEs has seen supplier prices almost double in recent years, making it more challenging to remain competitive.
APTF’s trade finance product is beneficial for SMEs involved in cross-border trade. By pledging their inventory as collateral, SMEs can access innovative financial services that would otherwise be unavailable due to a lack of necessary securities for traditional financing options.
“We’re proud to be reimagining the way businesses operate on an international scale by providing unparalleled flexibility and efficiency,” said Ian Duffy, CEO of Accelerated Payments. “As a leading provider of end-to-end working capital solutions, we help businesses looking to thrive in today’s complex business environment. With our unique approach, business of all sizes can access the financing they need to grow their businesses and compete across borders through a suite of solutions offered by Accelerated Payments (AP) and AP Trade Finance Inc. (APTF).”
In January 2023, Accelerated Payments announced further growth having advanced €1 billion of invoice finance to businesses internationally. The company is set to move into newer methods of finance, such as inventory financing in its US market.
