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Traxpay GmbH Schleusenstraße 17 60327 Frankfurt am Main, Germany http://www.traxpay.com
Contact Ms Birgit Hass +49 69 597721534
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Together We Are Creating a New Chapter in Innovation Between Banks and Fintechs to Produce 360 Degree Working Capital Management for Corporate Clients

(PresseBox) (Frankfurt am Main, )
Traxpay and DZ BANK AG, Frankfurt am Main, have signed a cooperation agreement. DZ Bank will use the digital platform developed by Traxpay for Supply Chain Financing (SCF). This will enable the bank’s clients to take advantage of a rich basket of products and services to digitally process and pre-finance their trade receivables and payables.

"The cooperation with DZ BANK is a real milestone in the continuing growth of Traxpay," says Markus Rupprecht, CEO. "Having such a key bank joining our partner roster, as well as gaining the ability to access the cooperative financial group, gives Traxpay a significantly larger reach! We are, of course, very pleased that DZ BANK has chosen a European fintech such as Traxpay as their preferred provider."

Supply chain financing and instruments such as Dynamic Discounting and Reverse Factoring have continued to grow in importance in recent years, and not just because of the pandemic. In addition to these established SCF schemes, Traxpay has developed new products such as Digital Forfaiting and Digital Guarantees… and there is a lot more to come. The ability to utilize and combine appropriate SCF instruments, is a prerequisite for companies trying to achieve their goal of 360° liquidity optimization. The potential to do so is considered a true competitive advantage. Traxpay makes this possibility a reality.

DZ BANK can leverage the Traxpay platform in multiple ways to increase their "share of wallet". Examples are as a financing partner, an issuer of guarantees or as a facilitator of various SCF solutions for their enterprise clients. In addition to DZ BANK, Traxpay has joined forces with various key European financial institutions over the last few years. Additional banking partners will follow shortly.

"We see an increasing desire of both banks and fintechs to collaborate. With DZ BANK, Traxpay has gained a new and very important banking partner. This cooperation will allow us to scale, and importantly for our customers, to benefit from the network effects we can achieve as a result. Together with DZ BANK, we will be able to work with a large number of new companies – both buyers and suppliers – from many industries and geographies." says Kate Pohl, Head of Banking & Corporate Sales, at Traxpay.

More Information on:
https://www.traxpay.com/...

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Traxpay GmbH

Traxpay is a fast-growing Supply Chain Finance platform that operates globally from Europe with a multi-bank approach. With the mission to become the "Platform of Choice" for buyers, suppliers and banks, Traxpay enables companies to manage their working capital in a simple, secure and sustainable way using all standard Supply Chain Finance tools. Established financial institutions trust Traxpay's financing solution and maintain strategic partnerships with the company. Through a new Sustainable Supply Chain Finance program, platform users can financially incentivize the sustainability of their supply chains.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.