LiquidX, a global network for illiquid assets, has announced the expansion of its products to include supply chain finance (SCF). The SCF solution is the first to be deployed on its web-based portal, a technology platform designed to enable access to multiple trade finance and insurance products. LiquidX says its first SCF programme shows its global onboarding and execution capabilities, ability to achieve same day funding, and investor appetite within the high yield credit market.
“Clients can now transact across Supply Chain Finance, Accounts Receivable, Inventory Finance, and Trade Credit Insurance all in one place,” said Jim Toffey, CEO of LiquidX.
“LiquidX makes it seamless for customers to implement an SCF programme: we help structure the program, handle the supplier onboarding, and arrange the funding, all within weeks,” explained Andrew Chu, head of Product at LiquidX. “The SCF programme is a great complement to any existing working capital programme – our comprehensive product suite allows us to meet all of a company’s working capital and trade finance needs through one technology platform.”
The LiquidX Supply Chain Finance platform is a global multi-funder working capital solution that can be accessed via a cloud-based web portal. The technology is backed by a single legal framework and back-office infrastructure that lets clients participate across the entire LiquidX platform.
LiquidX provides a platform for participants to transact across the trade finance, working capital and trade credit insurance asset classes in one place. The firm has executed over US$25bn of trade volume since 2016.
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