German export factoring firm DS-Concept is to ‘place more focus on its supply chain finance programs’ after changing its name to Tradewinds. The firm decided on the name change to highlight its role in financing cross-border transactions. In addition to its traditional business of non-recourse export factoring, Tradewinds will offer inventory, asset-based lending and structured trade facilities.
Tradewinds said the move ‘comes at a time when supply chain financing is emerging as a turnkey solution in the way business transactions are conducted’.
In 2017, Tradewind opened offices in Iceland, India and Peru and now aims to enter new markets, including other Latin American countries.