As we all know (and feel) there is an urgent need amongst SMEs for cash, liquidity, and for innovation in the financing and lending space which is dominated by dinosaur-like institutions like banks.  Thanks to a new funding solution by Capital Aid, TradeShift will be able to fund B2B transactions on the Tradeshift platform across all of Europe with a strong focus on the UK.

The new service provided by CapitalAid will address the cash-flow problems faced by most businesses today, by offering them instant payment on their invoices with a ONECLICK solution covering the entire approval process. The aim is to disrupt the current credit market by offering instant cash against invoices — cheaper & faster than any bank can do today.

The simplicity and instant nature of the product removes the risk, time and hassle of going through the lengthy form-based credit approval processes required by banks. By using CapitalAid in TradShift to improve cash-flow, customers can instead focus their time on sustaining and growing their businesses.

The seamless integration of this new fund (which is backed by several large hedge-funds) into Tradeshift, allow users to benefit from real-time credit analysis based on the data that exists within the platform.

 

Source: http://blog.tradeshift.com/where-big-banks-fail-tradeshift-capitalaid-deliver-3bn-factoring-business-for-eu-smes-set-to-ease-lending-needs/