CARGOES Finance by DP World Announces Partnership with TradeFlow
DP World, the leading global logistics company and provider of smart supply chain solutions, has announced a partnership between CARGOES Finance By DP World and TradeFlow Capital Management (TradeFlow), part of the Supply@Me Group (SYME).
TradeFlow is a digital solutions provider used by manufacturing and trading companies to access inventory trade solutions.
DP World customers will now have access to TradeFlow’s inventory trade solutions via the CARGOES Finance fintech platform, including its in-transit and warehoused goods non-credit facility.
CARGOES Finance By DP World enables access to working capital for small and medium-sized enterprises (SMEs) by connecting them with premier financial institutions worldwide.
Together, DP World and TradeFlow aim to bridge the growing trade finance gap faced by SMEs globally.
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TradeFlow’s CEO and SYME’s executive director, Dr. Tom James, said: "We are proud to become a partner of CARGOES Finance By DP World and are confident that its client base will quickly see the benefit of our funds.
"We would hope this agreement is the first of many with DP World, which could see the Supply@Me Group become a first-choice option for many users of the CARGOES Finance Platform.
"This partnership also represents a key development for the Supply@Me Group's offering in the MENA region, further strengthening our relationship and proposition, alongside the Shariah Fund initiative and the strategic alliance with iMass investments."
Sinan Ozcan, Senior Executive Officer, DP World Financials Services Limited, said: "I am pleased to confirm that TradeFlow, and by extension the Supply@Me Group, has partnered with CARGOES Finance By DP World and joined us in our mission to bridge the trade finance gap.
"Our two organizations share an entrepreneurial spirit and the common goal of supporting SMEs to achieve their own ambitions through innovative finance solutions.
"I look forward to a fruitful relationship with the Supply@Me Group – and exploring the different ways we can extend access to its funds for the benefit of our clients."
Read More: Supply Chain Crisis to Compound Inflation in 2022: DP World Report