Daily News: August 3, 2016

DS-Concept Provides Factoring Facility to Medical Device Manufacturer

DS-Concept, a global commercial finance company specializing in international non-recourse factoring, 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 its growth in the U.S., Europe and Asia. With the export factoring facility in place, the client anticipates an annual factored volume of $8 million to $10 million.

“We are excited to announce a new client in the medical device industry with such a tremendous opportunity for international growth,” said 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.”

Germany-based DS-Concept Group maintains a network of offices and affiliates all over the world, including in the U.S., UK, China and the United Arab Emirates.