How they describe themselves: TradeRiver is an online funding solution that provides trade finance for SMEs, allowing them access to working capital at any point in the supply chain to help support and grow their business. It works by providing the buyer with a pre-approved revolving facility that can be used to finance trade with multiple suppliers. Payments and administration are paperless and transparent via a secure online platform.
TradeRiver provides a viable alternative or additional source of unsecured working capital for UK SMEs looking to plug funding gaps in their supply chain, whether their suppliers are in the UK or overseas.
How they describe their product/innovation: TradeRiver platform provides a business funding and transaction execution solution, which completely changes the nature and operation of cross-border trade finance. TradeRiver provides the online tool and the finance for trade buyers of goods and services to pay their global suppliers in cash and in local currency at any point in their supply chain using a facility much like an online credit card.
Product distribution strategy: Direct to Business (B2B), licensed
Bus. Dev.: Alex Hambrook, Head of Public Affairs & Marketing, firstname.lastname@example.org, 07850179653
Press: Angela Valencia, Media & Marketing Coordinator, email@example.com,
Sales: Steve Coldicott, Sales Director, firstname.lastname@example.org, +44 20 7788 7690