DS-Concept gives $5mn factoring to apparel exporter

30 Nov '16

1 min read

DS-Concept, a Germany based global finance company specialising in non-recourse factoring and trade finance, has provided an export factoring facility of $5 million to a Hong Kong based apparel exporter. With the finance company's export facility and support, the apparel exporter predicts close to $18MM to $20MM in annual factored volume.

The client of DS-Concept exports apparel to companies in the US and Europe. It was seeking a flexible, reliable and long-term financing partner to create liquidity and accelerate cash flow without increasing liabilities and hence joined hands with DS-Conecpt.

DS-Concept maintains a network of offices and affiliates all over the world including US, Bulgaria, Hungary, Turkey, Pakistan, Bangladesh, Spain, UK, China and UAE. Combining credit protection, collections and financing into a single suite of trade finance products, DS-Concept brings streamlined, flexible and best-in-class services to the world's exporters. (KD)

Fibre2Fashion News Desk – India

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