back Back

Treyd brings inventory financing solution to SMEs in Ireland

By Gloria Methri

December 15, 2023

  • FinTech
  • Inventory Finance Solution
  • Ireland
Share

Treyd, FinTech, Sweden, Payments, BNPLStockholm-based FinTech Treyd is bringing its ‘sell first, pay suppliers later’ offering to inventory-based SMEs in Ireland. The launch provides Irish SMEs with a new way of financing inventory and follows Treyd’s entry into the UK in 2022.

Treyd pays suppliers upfront on behalf of growing retail businesses, which solves the common challenge of having working capital tied up in inventory. This enables D2C and B2B SMEs to sell more goods, control cash flow, and finance inventory purchases for up to four months to free up capital for operational growth.

Treyd’s offering will provide Irish SMEs with an innovative method of stock financing, providing an alternative to existing revenue-based solutions. Irish SMEs will now be able to extend payment terms on supplier invoices by 120 days, relieving cash flow pressures associated with buying stock.

In 2022, Treyd grew its global customer base of small and medium enterprises by 500% and revenue by 1000%, while also expanding internationally, including into the UK where it now works with over 150 SMEs.

Ben Ingram, Head of Partnerships UK & Ireland at Treyd said, “There’s no denying the funding landscape for SMEs has changed over the past 12 months: banks have tightened up the credit process, and venture capital is not as easily accessible. Treyd’s stock financing solution gives SMEs that much-needed working capital to continue growth.”

Peter Beckman, CEO and Co-founder of Treyd said, “Ireland presents an exciting new market for Treyd and continues the company’s ambitious strategy for global expansion. Since our UK launch in 2022, we have been progressively developing our plan to open in Ireland to provide a sustainable solution for local SMEs and businesses to grow. We have already helped more than 650 SMEs worldwide, funding invoices worth over €175 million, and are looking forward to building on that with Irish companies.”

Previous Article

December 15, 2023

IBSi webinar–Mission Possible: Unlocking the Future of Banking with NextGen Core

Read More
Next Article

December 15, 2023

British Business Bank offers asset-based lending to UK SMEs

Read More






IBSi Daily News Analysis

Merchants, payments, UAE

July 15, 2024

FinTech

Global wealth growth rebounds with major shifts expected by 2030, research reveals

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

July 12, 2024

Fair4All Finance and ClearScore partner on debt consolidation technology

Read More

July 10, 2024

Islamic FinTech Offa launches buy-to-let finance service

Read More

July 09, 2024

Uncia wins Best in Retail Lending & enters the IBSi’s Sales League Table 2024

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
Wealth Management & Private Banking Systems Report Q2 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2024