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BankingClub Congress Corporate Customer Day 2019

DIGITAL TRADE FINANCE

Christoph Bauer, founder and managing director

Cologne, 07.02.2019

For the first time this year, the BANKINGCLUB invited to the 2019 Corporate Customer Day in Cologne. Together with Frauke Kempken, entrafin's Head of Sales Cologne, entrafin founder and Managing Director Christoph Bauer gave a presentation on "Digital Trade Finance in the financing mix for SMEs" followed by a Q&A session.

Financing structure of medium-sized companies

Financing is often dominated by long negotiations and cumbersome, bureaucratic procedures. Banks have also recognised this, but are not yet able to fully cover the needs of companies resulting from digitalisation.

"There remains a gap in the financing mix for medium-sized companies," is Christoph Bauer's thesis. "Therefore, the financing structure must be expanded by a readily available option for financing amounts of € 20,000 - 300,000, because these are the sums that medium-sized companies often require unbureaucratically and at short notice".

Growth opportunities through alternative financing

Christoph Bauer (left), Frauke Kempken (centre), Head of Sales Cologne

Such a gap in the financing mix can usually be closed quickly and easily with purchase financing.

This offers medium-sized companies not only the opportunity to realise peak and project business, but above all to exploit growth potential and purchase larger quantities.

Market-proven and digital product

"In the last three years we have developed, digitized & implemented a demonstrably mature product to close this gap for German medium-sized businesses," says Christoph Bauer. "With our fully digital trading portal for purchase financing, a market-proven scoring and rating model, an API interface for connecting partners and other trade platforms, and last but not least, an experienced team of SME and financial experts, entrafin is a reliable partner in the field of purchase financing".

entrafin buys the goods from the supplier and resells them to the customer. The payment period for the customer is extended to 120 days, while the supplier receives his payment immediately.

"Our customers enjoy the simple processes, short communication channels and the possibility to pay for their purchases only after their customer has paid. The high level of customer satisfaction and long-term business relationships motivate us every day," reports Frauke Kempken from her daily sales routine.

Quick & uncomplicated purchase financing

  • Fast working capital
  • Free financing offer
  • No real collateral
  • Without bureaucratic burden
  • With personal advice
Request now without obligation
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1ST PLACE IN THE GERMAN EXCELLENCE AWARD

Category "Start-ups - Services Finances

Dr. Stefan Fenner, founder & managing director entrafin; Martina Palte, VoBa board member

Frankfurt, 24.01.2019

For the second time, the German Excellence Prize is awarded by the initiators "Deutsches Institut für Service-Qualität", "DUB UNTERNEHMER-Magazin", the news channel n-tv and 20 jury members. Among the jury members are the former Prime Minister and Federal Minister Wolfgang Clement as well as journalist and television presenter Heiner Bremer. The nominees, a colourful mixture of start-ups and large companies such as Daimler, DPD or Microsoft, met for the awards gala in the evening.

"Just the nomination in the category of financial services already honored us as a young company," says Dr. Stefan Fenner, founder and CEO of entrafin. "Being honored with 1st place as a start-up shows us that we not only satisfy our customers, but also meet the trends in the market. We are very pleased about this."

  • Prime Minister, former Federal Minister Wolfgang Clement
  • Winner of the category "Start-up - Services Finance
  • All winners of the German Excellence Prize 2019

Clever purchase financing creates room for growth for medium-sized companies

As a provider of digital financing models entrafin offers purchase financing that is faster, simpler and less expensive, thus giving medium-sized companies more room for growth. Customers benefit from an extended repayment period of four months and suppliers from payment security. For SMEs that are often tightly calculated, this leeway creates additional growth potential.

"The award of 1st place as a service provider in the financial sector shows us once again that we are hitting a nerve and approaching it innovatively. Especially in our current growth phase, such an honor motivates the entire team", Christoph Bauer, also founder and CEO of entrafin, was pleased to say.

Quick & uncomplicated purchase financing

  • Fast working capital
  • Free financing offer
  • No real collateral
  • Without bureaucratic burden
  • With personal advice
Request now without obligation