1st June 2021: Fintech lender TradeBridge and Mercon Coffee Group, a global, green coffee supplier, committed to creating sustainable livelihoods in coffee-growing communities, announced a new partnership today introducing a US $6 million buyer-based supply chain facility that will enable funding across Mercon’s global supply chain.
TradeBridge’s offer provides a flexible supply chain finance facility that will support Mercon’s efforts to maintain strong relationships with its key suppliers from Latin America and Asia, providing a solution that fits perfectly with the existing payment and delivery process. TradeBridge will work closely with Mercon to connect the working capital needs of its key suppliers, to ensure a smooth and uninterrupted supply chain.
Amer Matar, Head of Commodity Supply Chain Finance at TradeBridge says:
“We are delighted to work with Mercon, a company with a well-established record and reputation in the coffee market and to play a modest part in their growth. Despite the current challenging banking and alternative funding environment, Tradebridge remains committed to expanding our client network and supporting the soft commodity sector. It has been a privilege to work with Mercon’s team in the Netherlands and Nicaragua.”
This type of partnership contributes to the coffee sector and has a direct impact to thousands of coffee producers supporting the continuity of the supply chain.
“The partnership with TradeBridge has been a great opportunity to further diversify our financing sources and work together with a fintech lender offering a real alternative source of funding. The process of setting up this facility has been smooth and the platform is well-designed to meet our requirements and ensure an efficient funding process across different time zones.”
said Jeroen Laarmans, Global Treasurer of Mercon.
To read the full press release click here.