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NEW: Organic certification for entrafin

entrafin purchase financing with organic certification

entrafin purchase financing with organic seal

entrafin purchase financing with organic certification
entrafin purchase financing with organic certification

Cologne, 03.04.2019

More and more people attach importance to a healthy lifestyle, buy healthy and sustainable products and are willing to pay more for them. The organic market is booming and continues to grow. Tracking the origin of products and organic certification is becoming increasingly important for retailers. Interim financing without certification will invalidate your organic status. With the organic certification of entrafin purchase financing, your organic status will be maintained.

Market trends and development

The trend is clearly visible, the organic market is growing. In 2017 for the first time over 10 billion Euros could be generated in the organic food sector and the curve continues to point steeply upwards. Growth of around 6% is expected for next year. This picture is also clearly visible in our everyday lives. In addition to organic markets and health food stores, we now also encounter organic products in supermarkets and even discounters who want to profit from the trend and offer certified organic products. Even purely organic restaurants are no longer a rarity.

The real driver of this trend is the consumer. He is demanding more organically grown food as a healthier lifestyle becomes more important and hipper. For this reason, not only is the organic food sector growing, but perfume and cosmetics retailers are also increasingly switching to organic and sustainable products.

Checks on product origin and intermediate stages

In all these industries, tracing the origin of the product and the intermediate stations is very important. This must be documented and controlled. Organic products may only continue to be traded by certified companies - otherwise they will lose their organic status. For this reason, an annual inspection of the incoming and outgoing organic goods is carried out by a certification partner. This ensures that only as much organic goods are sold in the value chain as were actually produced.

DE-ÖKO-006
DE-ÖKO-006

With entrafin purchase financing the purchase of organic goods is no obstacle. ABCert certification allows you to purchase your products via entrafin with extended payment terms and thus further expand your production and sales of organic products. We support you in your business growth.

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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2.PLACE AT THE COLOGNE BUSINESS AWARD

2.PLACE AT THE COLOGNE BUSINESS AWARD

Awarded by the Cologne Business Club

Christoph Bauer, entrafin founder and managing director at the Cologne Business Award

Cologne, 18.06.2019

In 2019, the Cologne Business Club again invited to the presentation of the renowned Cologne Business Award. The prize honors those companies that are regionally and location-bound, socially, future-oriented and of course economically successful. entrafin won 2nd prize with its digital purchase financing for medium-sized companies

Presentation of the Cologne Business Award

"Celebration of the 12th anniversary of the Cologne Business Award, which was presented by the President of the Cologne Chamber of Commerce and Industry, Prof. Dr. Werner Görg, on June 18, 2019. The selection of the finalists is once again indicative of the diversity of Cologne's entrepreneurship," writes the magazine of the Cologne Business Club, "Particular attention is paid to the creation and preservation of jobs.

Other assessment criteria included the company's commitment to Cologne, innovative new products or services, responsible use of resources, and sustainable and socially responsible action. In addition, it was also assessed whether the companies are facing up to the challenges of the digital future.

Winner of the Cologne Business Award 2019

Among well-known guests, such as Prof. Dr. Ulrich Daldrup, Professor of the TH Köln and Prof. Dr. Heribert Hirte, Member of the German Bundestag and Professor of Commercial and Corporate Law, entrafin, represented by founder and managing director Christoph Bauer, was gratefully accepted by Prof. Dr. Werner Görg in the Radisson Blu Köln, taking second place. "entrafin offers the right solution at the right time for a financing problem in medium-sized businesses," praised the Cologne Business Club chaired by Marc E. Kurtenbach and Christian Kerner.

Award ceremony by Prof. Dr. Werner Görg, Cologne Business Award 2019

entrafin finances purchases from medium-sized companies by granting them an extended payment term of 120 days. For this purpose, the Fintech company purchases the required goods from the supplier, settles the supplier's invoice and resells the goods with extended payment terms to the purchasing company. The financing sums are between K EUR 30-500.

More in the Kölner Stadtanzeiger under: https://www.ksta.de/wirtschaft/unternehmerpreis-fuer-comevis-der-wirtschaftsclub-koeln-hat-erneut-vier-firmen-geehrt-32739770

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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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