KUALA LUMPUR, Oct 28 -- Marketlend, Australia’s leading marketplace trade credit platform recently closed a new US$100 million financing facility with Crayhill Capital Management LP, a New York-based private credit manager and asset-based lender. (US$1 = RM4.165)
According to a statement, this new facility will assist with liquidity and cash flow management to global companies affected by the COVID-19 pandemic.
It complements Marketlend’s existing trade credit securitisation programme, which offers financing to companies engaged in international trade.
The Crayhill financing facility supports Marketlend’s international insured trade receivables lending business throughout Asia, the Middle East and Oceania.
Marketlend provides supply chain finance, debtor finance and line of credit products to borrowers, with a quick turnaround and competitive rates.
The company securitises each trade credit facility from inception and delivers an investment that is accompanied by individualised trade credit risk protection enhancements.
In furtherance of the need to unlock working capital for SMEs, Marketlend’s latest products UnLock, a Buy Now Pay Later B2B solution, is a payment gateway that enables SMEs to boost their purchasing power with suppliers and have extended supplier terms of up to 30, 60 or 90 days.
More details at www.marketlend.com.au
-- BERNAMA
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