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Deutsche Bank to invest in fintech Traxpay

Monday 27 July 2020 10:30 CET | News

Deutsche Bank has announced plans to invest in Germany-based fintech Traxpay to expand its supply chain finance offering. 

Traxpay offers its corporate clients dynamic discounting and reverse factoring solutions to enable them to manage their cash flows. Buyers and sellers who use the dynamic discounting solution that Traxpay provides benefit from flexible payment terms for goods and services, which means buyers get a discount depending on when they decide to pay. 

Retailers and suppliers can use the Traxpay platform to decide whether they want to settle a payable earlier and receive a discount in their individual case, or whether they would like a bank to offer them interim financing. Traxpay already processes volumes of more than EUR 1 billion per year.

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Keywords: Deutsche Bank, Traxpay, fintech, Germany, supply chain finance, dynamic discounting, reverse factoring solutions, cash flow, discount, platform, retailers, suppliers, payable, interim financing
Categories: Banking & Fintech | E-invoicing, SCF & E-procurement
Countries: Germany
This article is part of category

Banking & Fintech