Treyd launches inventory financing to Irish SMEs

Monday 18 December 2023 08:47 CET | News

Sweden-based fintech Treyd has announced the launch of its ‘sell first, pay for suppliers later’ solution to inventory SMEs across Ireland. 

Through this launch, Treyd provides Ireland-based small and medium-sized enterprises (SMEs) with an additional method of financing inventory, with the launch following Treyd’s entry into the UK in 2022. With its offering, Treyd focuses on eliminating the difficulties businesses face when working capital gets tied up in inventory. The company pays suppliers directly on behalf of retail enterprises, enabling D2C and B2B SMEs to grow their business, control cash flow, and finance inventory purchases for up to four months to support capital for operational expansion.

Sweden-based fintech Treyd has announced the launch of its ‘sell first, pay for suppliers later’ solution to inventory SMEs across Ireland.

As per the information detailed in the press release, Treyd’s inventory financing solution intends to supply SMEs based in Ireland with a new method of stock financing, with this being an alternative to current revenue-based services. With this introduction, businesses can expand payment terms on supplier invoices by 120 days, minimising cash flow pressures related to acquiring stock. Representatives from Treyd highlighted that the funding landscape for SMEs considerably modified since 2022, with banks making the credit process more difficult, and venture capital not being easily accessible. The company’s stock financing solution aims to provide SMEs with the working capital they require, while also supporting their expansion.

Furthermore, Treyd’s officials also stated that Ireland can be a high-potential market for the company, assisting it in achieving its global expansion strategy. As of its launch in the UK in 2022, the company has been developing its plan to introduce its solution in Ireland and provide a sustainable offering for local SMEs and businesses to grow. Since its inception, Treyd supported approximately 650 SMEs globally, funding invoices amounting to over EUR 175 million. Currently, the company plans to develop on its previous achievements with Irish enterprises.

Treyd’s inventory financing solution

By leveraging its solution, companies can import the goods they require, while Treyd supports them in managing the invoice process by paying suppliers. Businesses can pay Treyd back in up to 120 days, allowing them to better control their cash flow and assist in their expansion. Moreover, Treyd’s solution enables businesses to access the capital they need, reduce costs, minimise CO2 emissions, and support cash flow planning.

As detailed on the company’s website, to start using its services, businesses have to create an account, which needs to be verified by Treyd, and then upload supplier invoices and payment details in the portal. Afterward, Treyd pays suppliers according to instructions offered by the business, sending confirmation for every payment completed. The company also provides invoices for the repayment, which happens within one to four months, depending on the chosen terms. Currently, Treyd’s services are used by companies such as CDLP, Astrid Wild, Roarsome, By Faux, SunRoof, Collar of Sweden, and Birk Sport, among others.

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Keywords: SMEs, financing , B2B payments, cash flow, expansion
Categories: Banking & Fintech
Companies: Treyd
Countries: Ireland
This article is part of category

Banking & Fintech


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