- Demica wins ‘Supply Chain Finance Provider of the Year – Non Bank’ at the inaugural Receivables Finance International Awards 2018!
London, 15 March 2018 – Demica, the market leading provider of working capital solutions to global corporates and financial institutions, has been awarded ‘The Supply Chain Finance Provider of the Year – Non Bank’ at last nights inaugural Receivables Finance International Awards 2018 ceremony. This prestigious award follows Demica’s significant growth, becoming increasingly recognised for its market leading, innovative, solutions within receivables and payables financing. Demica now has over $9bn of receivables and payables outstanding on its platform, providing a full range of working capital solutions to corporates and financial institutions.
The awards ceremony followed the first day of the BCR annual Receivables Finance International Convention (RFIx) where Demica’s Chief Commercial Officer, Maurice Benisty, chaired a panel with fellow experts in the finance industry discussing ‘The Evolution of Supply Chain Finance’. The panel reviewed the latest developments within supply chain finance; including local and cross-border programmes, product diversification and new market segments.
The RFIx Convention and Awards ceremony provides a platform to discuss the latest invoice financing trends, market challenges and the success of financial innovation in addition to excellent networking opportunities for industry experts from banks, non-banks, fintechs, technology companies, consultancies and corporations involved in the receivables finance industry from all over the world.
As Demica continues to go from strength to strength, we look forward to celebrating future success as we continue to innovate and develop our range of working capital solutions.
Demica is a rapidly growing Fintech providing working capital solutions to large corporates and banks with a broad range of receivables, inventory and payables finance products. The company focuses on non-investment grade, multinational clients all over the world, across industries and sectors, requiring facilities of $50m – $750m+.
Over the past three years, Demica has materially expanded its origination, structuring, implementation and placement teams to enable it to offer a seamless end-to-end solution to a wide universe of clients. In parallel, significant investment in its proprietary technology platform has enabled it to automate complex, high volume programmes and release billions of dollars of trapped working capital from supply chains. Today over $9bn of funding is outstanding on the platform, provided by a diverse range of banks and institutional investors.
More details about the awards can be found here: RFI Awards