DS-Concept, a global provider of trade finance solutions, has changed its name to Tradewind.
The Mönchengladbach, Germany-based company specializes in short-term trade finance for importers and exporters and has grown its involvement with the seafood industry in recent years.
“The firm, a recognized leader in international export factoring, decided on the change in order to illustrate its prominent role in financing cross-border transactions, which resemble trade winds on the globe. Like the conductive climate its namesake’s currents provide for trade, Tradewind propels commerce worldwide, with its network of more than 20 offices on four continents,” the company said in a release.
The company also announced on 2 May that it is expanding its services, offering inventory, ABL and structured trade facilities in addition to non-recourse export factoring.
“Customers will benefit from Tradewind’s ability to accommodate a range of deal sizes at more competitive prices, and the company, more than ever, is positioned to cater to larger-scale financing needs,” Tradewind said.
In addition, Tradewind will place more focus on its supply chain finance programs, it said.
“The move comes at a time when supply chain financing is emerging as a turnkey solution in the way business transactions are conducted. In an age of advanced digital infrastructures, such as blockchain, that make the payment process more secure and automated,” the company said. “Tradewind’s integration of the latest technologies will keep it at the forefront of international trade finance.”
In 2017, Tradewind opened offices in Iceland, India, and Peru, and at Seafood Expo North America in March 2018, it announced a larger strategy to expand the firm’s service of the global seafood trade.
