TCC emerges as fintech inventory finance partner for banks at BAFT


With its patent pending CaaS™ Wallet (Capital as a Service), TCC has introduced a pathway for banks to offer a powerful financial solution that optimizes the capital efficiency of its industrial clients and at the same time improves their supply chain visibility.

“The timing couldn’t be better for banks to explore, not fear, what fintechs like TCC have to offer,” said Sanjay Bonded, CEO and President of TCC. “The global supply chain and business ecosystem has changed dramatically and we need to be ready to help customers deal with inventory build-up. TCC’s agility is built on our deep supply chain expertise and, combined with the financing capabilities of banks, we create compelling solutions for customers to explore options to find their working capital.”

Tom Linonsenior adviser and consultant in supply chain, procurement and digital strategy at McKinsey & Company, noted that by partnering with fintechs like TCC, banks can deploy capital to help OEMs mitigate disruptions in supply chain: “What’s valuable about TCC Capital as a Service™ solution is that it gives you the most important thing a business can do: the ability to plan reliably. If you can plan reliably because variability and disruption are absorbed by access to easy capital to fund that variability, you will have a much more stable and predictable business. You can actually almost slow down the disturbance and smooth it out.”

“With TCC’s innovative CaaS portfolio, banks can deliver better outcomes for their customers and build new relationships with their customers by differentiating their offerings in a crowded marketplace,” said Michael Doran, Chief Financial Officer and Managing Director of TCC.

TCC CaaS™ Wallet includes the following patent-pending products:

  • Inventory Card™ – offering its user companies the power to secure access to components and raw materials without immediate purchase or debt
  • Factoring Card™ – providing its corporate users with a convenient user interface and the power to liquidate receivables based on counterparty credit risk to generate cash and optimize balance sheets and its commitments with lenders
  • SupplierPay Card™ – giving its businesses the power to accelerate supplier payments on aggressive terms to build better relationships, reduce costs and secure priority commitments from them

About TCC
TCC tackles the final frontier of trade finance: outsourced financing of off-balance sheet inventories. TCC on demand Capital as a Service™ (CaaS) provides access to cash flow, providing customers with a lean balance sheet, liquidity and capital efficiency. TCC raises and manages significant amounts of debt and equity to facilitate the growth of your business by giving you access to dedicated, non-dilutive capital, allowing you to focus on innovation and value creation.

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SOURCE Trade Capital Corporation


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