CARGOES Finance by DP World announces partnership with TradeFlow
DP World, the leading global logistics company and provider of smart supply chain solutions, today announced a partnership between CARGOES Finance By DP World and TradeFlow Capital Management (TradeFlow), part of the Supply@Me Group (SYME). TradeFlow is a digital solutions provider used by manufacturing and trading companies to access inventory trade solutions.
DP World customers will now have access to TradeFlow’s inventory trade solutions via the CARGOES Finance fintech platform, including its in-transit and warehoused goods non-credit facility. CARGOES Finance By DP World enables access to working capital for small and medium-sized enterprises (SMEs) by connecting them with premier financial institutions worldwide. Together, DP World and TradeFlow aim to bridge the growing trade finance gap faced by SMEs globally.
TradeFlow’s CEO and SYME’s executive director, Dr. Tom James, said: "We are proud to become a partner of CARGOES Finance By DP World and are confident that its client base will quickly see the benefit of our funds. We would hope this agreement is the first of many with DP World, which could see the Supply@Me Group become a first-choice option for many users of the CARGOES Finance Platform. This partnership also represents a key development for the Supply@Me Group's offering in the MENA region, further strengthening our relationship and proposition, alongside the Shariah Fund initiative and the strategic alliance with iMass investments."
Sinan Ozcan, Senior Executive Officer, DP World Financials Services Limited, said: "I am pleased to confirm that TradeFlow, and by extension the Supply@Me Group, has partnered with CARGOES Finance By DP World and joined us in our mission to bridge the trade finance gap. Our two organizations share an entrepreneurial spirit and the common goal of supporting SMEs to achieve their own ambitions through innovative finance solutions. I look forward to a fruitful relationship with the Supply@Me Group – and exploring the different ways we can extend access to its funds for the benefit of our clients."
For more information on CARGOES Finance By DP World, or to request a demonstration, please visit: https://cargoes.com/finance
DP World is a leading enabler of global trade and an integral part of the supply chain.
We operate multiple yet related businesses – from marine and inland terminals, maritime services, logistics and ancillary services, to technology-driven trade solutions.
We have a portfolio of over 150 operations in over 45 countries across six continents, with a significant presence in both high-growth and mature markets. We aim to be essential to the bright future of global trade, ensuring that everything we do contributes positively and sustainably to both the economy and society.
Our dedicated team of more than 46,000 employees from 120 countries cultivates long-standing relationships with governments, shipping lines, importers and exporters, communities, and many other important constituents of the global supply chain, providing quality value-added services today and tomorrow.
Container handling is the company’s core business and generates more than 50% of its revenue. In 2018, DP World handled 71.4 million TEU (twenty-foot equivalent units) across our portfolio. With its committed pipeline of developments and expansions, the current gross capacity of 91 million TEU is expected to rise in line with market demand.
By thinking ahead, foreseeing change and innovating, DP World aims to create the most productive, efficient and safe trade solutions globally.