Today we have a growing international presence (and we now have a growing operation in Australia) with local insights, market knowledge, and industry expertise. We work with a strong and diverse range of businesses, funders and partners. Not content to rest, we are scaling up fast and investing heavily in technology, all with one focus: helping our clients to seize their moment.
Back then, the need was clear; good businesses weren’t getting the funding they needed to grow and prosper. Traditional banks were struggling to recover from the financial crisis. So on the nearest whiteboard three friends – the two Marks and Olly - sketched out a plan to help those growing companies. Then they got to work and TradeBridge was born.
Signing our very first clients, including a fish farm in Scotland, was a huge boost for the fledgling company. Our vision was to use creative thinking, data, and technology to re-invent supply chain finance. It was a busy year, building both the team and the technology platform, BridgeIT, to serve our predominantly corporate sector clients.
This year opened with a breakthrough moment, signing a partnership agreement with a (now floated and famous) fast-growth fashion marketplace. The algorithm-based funding solution we developed for their online sellers marked the start of a deep commitment to funding eCommerce.
As our eCommerce solution continued to develop, Nigel, our Chief Architect spotted an opportunity to apply similar principles to the pharmacy sector and so began our healthcare business. To support our growth, we raised our first big facility from a senior funding partner.
Designed with input from industry experts, like our Commercial Director Seb, our pharmacy solution proved an immediate hit with entrepreneurial business owners. And, we expanded into the growing, tech led, online sector too. This was the inaugural year for the now annual, company cycle ride and the whole team circumnavigated the Isle of Wight.
A year of international expansion. We welcomed Zhijian Wu to TradeBridge to establish the Singapore office. With long term sights set on China, his home nation, he recruited and began to build a portfolio in South East Asia.
Following on from our strong growth in the previous year, we hit a big milestone early in 2019 - we broke through the $1b funding mark and celebrated with an epic party! And then the cry "too many hills" led our intrepid cycle team to the UK’s flattest county…Norfolk.
The year opened with ambitious targets to deliver geographic expansion and to grow our eCommerce and healthcare portfolios. With the unflinching support of our shareholders and an eye on the expected ‘V shape’ recovery, we remained focused as we juggled the challenges thrown by Covid-19 and making pasta.
Our determination was rewarded when 2021 delivered two magic moments: raising a further $100m facility to fund growth and the launch of a unique securitized funding structure for the Italian eCommerce market. We passed the $2bn funding milestone and the ever-growing cycle team donned their lycra for a cultured jaunt through Oxfordshire.