Products: Open Account Transactions, LC Based Transactions, Guarantees, Forfaiting, Receivables Securitisation and Trade Credit Insurance.
Overview: Fineon Exchange is an online marketplace that enables treasury professionals to access a range of working capital finance solutions by matching them with a range of pre-qualified lenders and credit insurers. Funding options include: open account; letters of credit (LCs); guarantees; forfaiting; receivables securitisation; and trade credit insurance.
A data-driven platform, Fineon Exchange helps these professionals submit key company and transaction details. It deploys application programming interfaces (APIs), advanced algorithms and an AI Robo Advisor (AIRA) to validate data inputs and offer users tailored application advice, thereby increasing funding success. This video explains the process.
The platform also enables funders to securely access a range of assets, as well as offering market intelligence capabilities intended to inform their decision-making.
In December 2021, Fineon Exchange launched a new Broker Module, aimed at enabling trade finance brokers, advisors and consultants to access to a wide pool of funders, and to more efficiently identify the bankability of deals through its matchmaking capabilities.
Clients: Manufacturers, commodity traders, banks, NBFIs, trade brokers, B2B platforms
Active region(s): Global footprint.
Partners: Aon, FECIF
Employees: 15 international employees. Founder Michel Kilzi remains an active director. CEO is Dominic Broom, Hon. Treasurer of The Institute of Export & International Trade in the UK, and a member of the International Chambers of Commerce Banking Commission executive committee.
Ownership: Fineon Holding, Ad-ventures, Quartz Partners
Elevator pitch: “Fineon Exchange is a global export finance marketplace that connects exporters who have working capital and cash flow needs with financial institutions seeking to fund trade receivables. By structuring and presenting export financing requests in an optimal way, the Fineon Exchange platform ensures that these are credit-committee ready, thereby maximising potential matches resulting in a ‘win-win’ for all parties. Our mission is to connect and match exporters with the right potential funders, based on the latter’s desired lending criteria and risk appetite. Funders benefit from the platform’s market intelligence and rating and scoring capabilities, to help them to identify the most appropriate transactions and portfolios.”
Email: [email protected]