Tradewind appointed Derek Binns vice president of sales in Europe. Binns previously served at Otto Group and will focus on supporting Tradewind’s client base across Europe, with a specific concentration on countries where major buyers are established.
Tradewind has closed a reverse factoring deal with a Hong Kong-based electronics company whose buyer is located in the U.S.
Tradewind has closed a $2.5 million trade finance facility for a company based in China and the U.S. that sells sustainable, ecologically sourced, and manufactured homewares.
Tradewind completed a deal with a China-based tire company based to provide a recurrent facility of $800,000 to support the company’s export business to the U.S.
Tradewind has provided a $1.4 million credit facility to a home fashion products company based in Shanghai that designs and sells kitchen utensils and home accessories to buyers located domestically and in the U.S. and Europe.
Tradewind has closed a $1.1 million factoring facility for a company based in the United Arab Emirates that supplies automotive aftercare products.