Revolutionising SME Growth: How Defactor Labs and Trade Finance Global are Changing the Game
Small and medium-sized enterprises (SMEs) are the backbone of economies around the world, and their growth and success are more important than ever. Recognising this, Defactor Labs and Trade Finance Global, two leading financial companies, recently announced a collaboration aimed at empowering SMEs and driving economic growth.
Trade Finance Global (TFG), a leading B2B FinTech firm, specialises in comprehensive trade finance solutions. They serve international trade businesses such as importers, exporters, manufacturers, and distributors. TFG’s dedication to empowering SMEs is demonstrated by their recognition of the critical role that SME finance plays in driving economic growth.
Defactor Labs, on the other hand, is a pioneering company that is leveraging on-chain finance liquidity to unlock the potential of real-world assets through tokenisation. Their innovative platform can be used by businesses all over the world to create tokens for Real World Assets (RWAs) and provide on-chain finance capabilities to their customers and communities.
The collaboration of these two companies demonstrates their shared values and commitment to SME growth. TFG discovered a value-aligned partner in Defactor Labs while looking for new sources of liquidity to continue scaling operations while supporting a greater number of SMEs. This collaboration aims to provide more flexibility, choice, and value to TFG’s expanding customer base.
The successful financing of the first trade finance invoice via the Defactor Labs platform is one of the partnership’s significant milestones. This accomplishment was distinguished by an impressively short timeframe of only three hours from the time of drawdown to the actual receipt of funds by the client. In the world of trade finance, where time is often of the essence, this speed and efficiency in financing is game-changing.
Furthermore, the collaboration highlights the power of blockchain technology. The reporting dashboard provided by Defactor Labs, which is powered by real-time blockchain technology, provides comprehensive reporting and insights. Businesses can use this feature to track and monitor the entire lifecycle of transactions facilitated by asset originators.
Conclusion
The collaboration between Defactor Labs and Trade Finance Global represents a significant step forward in the world of trade finance. They are not only revolutionising the way SMEs access finance by combining their expertise and innovative solutions, but they are also contributing to global economic growth. It will be exciting to see the further advancements and successes that will undoubtedly come their way as this partnership evolves.
More information about Defactor Labs can be found at www.defactorlabs.com
Kelroy James is a Supply Chain professional, Innovation Fellow, the London Ambassador for Defactor and Trade Finance Global contributing writer. He holds a BSc (Hons) in Logistics and Operations Management, Micro Masters in Predictive Analytics using Python, and is a recent DeFi Talent with Frankfurt School Blockchain Center. He has an interest in Blockchain applications in Supply Chains, Trade Finance, and Digital Identity.
