London, January 15, 2018 – Demica, the market leading provider of working capital solutions to global corporates and financial institutions has been shortlisted in three categories at the inaugural Receivables Finance International Awards taking place at The Royal Horseguards Hotel, London, on the 14th March 2018. The only non-bank provider to be nominated across three separate categories, Demica’s nominations include: ‘SCF Provider of the Year – Non-Bank’, ‘Technology Solution Provider of the Year’ and ‘Most Innovative FinTech of the Year’.
The awards ceremony marks the first day of the 18th annual Receivables Finance International Convention (RFIx) held in London. Such an event will bring together experts from banks, non-banks, technology companies, fintechs, consultancies and corporations involved in the receivables finance industry from all over the world. The convention provides all attendees with a platform to discuss the latest invoice financing trends, market challenges and financial innovation in addition to excellent networking opportunities.
As a finalist for three prestigious awards, Demica has been recognised for its excellency and innovation within the Trade and Supply Chain Finance space. Following Demica’s significant growth in 2017 where Demica was selected by FCI as the official platform provider for FCIreverse and selected as the supplier by four global financial institutions to white-label Demica’s proprietary technology platform.
Demica, along with the other nominees, will be judged by a select group of industry advisors, executive directors and commercial experts based on a variety of subjective and objective criteria including: market share and global coverage, product innovation, deal volumes and client testimonials.
Demica will host a table at the event to celebrate the nominations at the Receivables Finance International Awards and looks forward to celebrating future success as it continues to further develop our Supply Chain Finance and Receivables Financing platforms.
Demica is a recognised leader in providing working capital solutions to large multinationals and global banks. Demica uniquely offers both receivables and payables programmes through its proven end-to-end technology platform with a 15-year track record. Purchased by a group of private equity investors in 2014, Demica has transformed its technology offering by adding financing and structuring capabilities. Using its proprietary platform to allow clients to automate transactions while de-risking them for investors, it currently enables the financing of over US$60bn of receivables and payables per year for companies requiring facilities of US$50m to US$750m+. Based in London, Demica works with clients all over the world, across jurisdictions, industries and sectors.
More details about the awards can be found here: RFI Awards