Dublin-based Accelerated Payments has announced the launch of AP Trade Finance (APTF), a new trade finance product aimed at businesses operating globally, particularly in manufacturing industries. This new product leverages logistics-intensive processes to assume complete control over goods at the manufacturing site and delivery to the SME client, offering unparalleled flexibility and adaptability. APTF is designed to help SMEs struggling with disruptions caused by the global pandemic and Brexit by providing financing to purchase goods from international suppliers, minimizing cross-border trade risks, improving cash flow, and enhancing competitiveness in the global marketplace.
SMEs facing disruptions due to COVID-19 and Brexit
The ongoing COVID-19 pandemic and Brexit have caused unprecedented disruptions to global trade, particularly for small and medium-sized enterprises (SMEs). SMEs have been hit hard by disruptions to supply chains, delays in shipping, and other challenges, making it difficult for them to access financing and keep their businesses afloat. APTF aims to help SMEs overcome these challenges by offering a range of innovative financial services that are tailored to their specific needs.
One of the ways that APTF helps SMEs is by allowing them to pledge their inventory as collateral. This allows APTF to offer access to financial services that may not have been available to them otherwise, owing to a lack of necessary securities for traditional financing options. This means that SMEs can access the financing they need to purchase goods from international suppliers, without having to worry about the risks associated with cross-border trade.
Accelerated Payments: A leader in invoice financing
Accelerated Payments is an Irish-owned and managed invoice finance company based in Dublin with offices in London, Toronto, and Florida. It was founded in 2018 by Ian Duffy, Colm Devine and Dylan Martin, who shared a vision of providing an efficient and flexible invoice finance solution to SMEs. Accelerated Payments allows businesses to access working capital by receiving finance on invoices due to be paid. Customers can upload and select the invoices for funding through Accelerated Payments’ online portal, advancing payment within 24 hours rather than waiting weeks or months to be paid by suppliers. Accelerated Payments is a distinctive and independent alternative to traditional finance providers, offering a simple and transparent service that empowers entrepreneurs and supports their growth.
Since it was established, Accelerated Payments has provided more than €1 billion in invoice financing to over 350 clients, covering over 1,300 debtors in more than 40 countries. The company is known for its customer-focused approach to invoice financing, with a commitment to cost-effective financing solutions that help SMEs grow their businesses.
AP Trade Finance: A comprehensive solution for purchasing goods from international suppliers
AP Trade Finance Inc. (APTF) is a subsidiary of Accelerated Payments, established in 2023 and headquartered in Florida. It offers innovative trade finance solutions for SMEs looking to expand their business operations on an international scale, combining trade finance and logistics expertise to offer a comprehensive solution for purchasing goods from international suppliers.
One of the key benefits of APTF is its ability to assume full control over goods at the manufacturing site and delivery to the SME client. This allows for unparalleled flexibility and adaptability, ensuring that SMEs can access the financing they need to purchase goods from international suppliers, without having to worry about the risks associated with cross-border trade. APTF also helps SMEs that are struggling with cash flow due to the pandemic or other disruptions. By providing financing to purchase goods from international suppliers, APTF can help SMEs minimize cross-border trade risks, improve cash flow, and enhance competitiveness in the global marketplace.
About the CEO
Ian Duffy is the CEO and Founder of Accelerated Payments. He is also an ex-Managing Partner at RSM Farrell Grant Spark, a leading accounting and advisory firm, and Chairman of several high-growth companies. Ian started his career in Private Equity Investment and then moved into Insurance Underwriting. He has expertise in the venture capital and private equity markets in Ireland, the UK and the US. He co-founded Accelerated Payments in 2017 with Colm Devine and Dylan Martin to make it easier and faster for businesses in need of immediate capital to access funds.
“We’re proud to be reimagining the way businesses operate on an international scale by providing unparalleled flexibility and efficiency. 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).”
Ian Duffy, CEO and Founder of Accelerated Payments
Growth solution for SMEs
Accelerated Payments’ launch of AP Trade Finance is a major step forward for SMEs operating on a global scale. By providing a comprehensive solution that combines trade finance and logistics expertise, APTF is poised to help businesses overcome the many challenges associated with cross-border trade. Whether it’s providing financing to purchase goods from international suppliers, mitigating cross-border trade risks, improving cash flow, or enhancing competitiveness in the global marketplace, APTF is a game-changer for SMEs looking to expand their operations on an international scale.
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