We are delighted to announce a €27m structured debt facility from Varengold Bank AG (“Varengold”), the Hamburg based bank that specialises in funding Fintech businesses. The new funding facility, which was raised with debt advice from Altenburg Advisory LLP, will support the growth of TradeRiver and the provision of vital working capital funding to growing businesses.

11 September 2019: TradeRiver has beaten off tough competition to win the Direct Lending Platform of the Year award and came runner-up in the Digital Lender of the Year category of the first-ever Growth Finance Awards.

"Trade River provides an exceptional, cost effective and refreshing approach to Trade Finance, offering a unique online supplier payment platform which has not only assisted, but greatly helped our growth strategy over the past two years. As a growing SME, we were specifically looking for Supplier end Finance, whilst retaining control of our Debtor Book and Cash Flow, which we were struggling to find in the financial trade sector until we met the team at Trade River. The facility has improved our supplier relationships, by guaranteeing payments as and when required, and has also helped our on-time deliveries to our customers by ensuring continued availability of stock."​

Graham Clark

MD at MMC Ltd

May 2019 - 

TradeRiver (UK) Ltd pass the £200m funds advanced barrier and a few weeks later pass 3000 successful transactions. We continue to support our existing and new clients as they continue to grow. 

“We initially used TradeRiver to help finance our stock increase ahead of Brexit and it worked very well, their tailored product was just what we needed at the right time. The TradeRiver platform is excellent. It is easy to use and the reporting mechanisms and e-mail alerts are very effective, their customer service and senior managers are also very good, pragmatic and practical at all times. The TradeRiver facility has become an effective part of our working capital finance, helping with the seasonality of the business.”

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Anonymous

Director