Bronze Sponsor: TrustBills
What is TrustBills?
TrustBills is the first online auction platform for selling and buying national and international trade receivables in a True Sale.
For sellers of trade receivables traditional bank and non-bank products, such as factoring, forfaiting and ABCP securitization processes tend to be slow and cumbersome and are mainly determined by the buyers of receivables. TrustBills offers significant advantages:
For institutional investors and banks alike, TrustBills provides a new, cost-effective way to access a highly profitable market with an attractive risk profile and short-term self-liquidation. It is possible to simply filter out trade receivables from a big pool of uploaded/posted receivables and manage these investments directly on a platform with an integrated auto/algo-bidding functionality, inventory management, risk management, reporting and accounting system according to the investors own portfolio preferences.
DZ Bank and Deutsche Bank are shareholders in TrustBills. It is the first investment in a B2B FinTech for the two major German banks. DZ Bank holds 25% of the shares and Deutsche Bank 12.5%, respectively.
For more information visit www.trustbills.com