Daily News: June 28, 2017

DS-Concept Provides $3MM Factoring Facility to TX Toy Maker

DS-Concept provided a $3 million non-recourse factoring facility to a high-growth licensed toy manufacturer.

The company is using DS-Concept’s factoring facility to expedite cash flow and facilitate its penetration into new overseas markets. As a seasonal business experiencing increasing demand from retail stores, the company saw DS-Concept as a better option than a traditional bank because of its ability to accommodate for growth and seasonality.

The company, based in Texas, is a licensed manufacturer and distributor of several well-known toy brands. Its customer base includes distributors and large retailers such as Toys“R”Us, Walmart and Carrefour in Europe, the U.S., Mexico, Canada and the UK. DS-Concept’s international factoring capabilities will enable the toy and game manufacturer to execute its global business model.

“I’ve known the company since its early stages. After witnessing its year over year growth and examining its plans to expand into new markets, it became clear that our international trade finance facility would provide a great value-added that will be instrumental in achieving the company’s far reaching goals,” said Brian Dowd, vice president of Business Development at DS-Concept USA.

DS-Concept is an international trade finance group headquartered in Germany with 15 global offices. DS-Concept works with low to mid-market companies worldwide to provide non-recourse factoring and supply chain financing.