Tradeplus24, the Zurich-based SME lending fintech, is expanding into the United Kingdom with £30 million funds that will be used to scale the SME lender’s highly competitive revolving lines of credit for the small and medium enterprises across the UK. The company has already achieved significant success with SMEs in Switzerland, Australia, and the Netherlands. The proposed lines of credit would vary between £250,000 and £5 million. They are secured by trade receivables in an insurance-wrapped securitization structure that institutional investors acknowledge as investment grade. Through the Tradeplus24 platform, companies can avail working capital for international and domestic trade receivables.
