DS-Concept Provides $1 Million Export Factoring Facility to Medical Device Manufacturer in India
DS-Concept, a global commercial finance company specializing in international non-recourse factoring, has provided a $1 million export accounts receivable facility to a medical device manufacturer in India. The client, exporting surgical blades, is implementing this facility to support their rapid growth in the US, Europe and Asia. With the export factoring facility in place, the client anticipates an annual factored volume of $8MM-$10MM.
“We are excited to announce a new client in the medical device industry with such a tremendous opportunity for international growth,” states Ankit Goel, Managing Director of DS-Concept Intelligent Trade Finance Limited, the Dubai entity of the DS-Concept Group. “Our non-recourse factoring product has been a great asset to the entire Indian manufacturing community and we look forward to exploring more opportunities in the medical device sector.”
The DS-Concept Group maintains a network of offices and affiliates all over the world, including USA, Bulgaria, Hungary, Turkey, Pakistan, Bangladesh, Spain, UK, China and the United Arab Emirates as well as the headquarters in Germany. Combining credit protection, collections, and financing into a single suite of trade finance products, DS-Concept brings streamlined, flexible and best-in-class services to the world's exporters.
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