Vecron Lordstock Group (VLG), a global structured finance firm specializing in structured trade and project finance, announced it has launched an independent trade finance unit. “Vecron Exim” is a new business unit designed to provide companies with fast access to working capital for export, import and domestic trade by providing direct loans.

Vecron Exim will primarily focus on providing companies with the following types of loans: Pre-export / working capital finance; purchase order (PO) finance; factoring / accounts receivable finance and structured trade finance.

Jonathan Tseelon, will serve as the global president and CEO of Vecron Exim and will play a leadership role in building the business worldwide.

“I’m excited to have this opportunity to build our global market and focus on generating a full spectrum of innovative solutions to diversified trade finance challenges,” said Jonathan Tseelon.

Vecron Exim was founded through collaboration between former trade industry executives, highly skilled financiers and successful Silicon Valley VCs. Having worked within and alongside these industries, the team accumulated deep understanding of the complications trade businesses and start-ups face when interacting with conventional banks. As an independent finance company with vast international trade and business experience, the company is able to make prompt decisions that are aligned with its clients’ objectives, throughout the supply chain.