Deutsche Bank has introduced plans to put money into Germany-based fintech Traxpay to develop its provide chain finance providing.
Traxpay provides its company purchasers dynamic discounting and reverse factoring options to allow them to handle their cash flows. Consumers and sellers who use the dynamic discounting answer that Traxpay provides profit from versatile fee phrases for items and providers, which implies patrons get a reduction relying on once they determine to pay.
Retailers and suppliers can use the Traxpay platform to determine whether or not they need to settle a payable earlier and obtain a reduction of their particular person case, or whether or not they want a bank to supply them interim financing. Traxpay already processes volumes of greater than EUR 1 billion per 12 months.
