HONG KONG SAR -
Media OutReach Newswire - 27 June 2024 - This MSME Day,
Tradewind Finance,
a global trade finance provider, is celebrating the thousands of SME
customers it has served over the years with reliable capital to grow and
thrive.
Dubbed the "backbone" of economies, micro, small and medium-sized
enterprises (MSMEs) make up 90% of businesses globally and account for
over 70% of jobs worldwide, according to the
United Nations
website. They're critical to achieving the United Nation's 2030 Agenda
for Sustainable Development Goals, including decent work for all.
By partnering with SMEs, Tradewind has also contributed to this set of
SDGs. Apart from Decent Work and Economic Growth (SDG 8), Tradewind's
activities and their development effects in emerging markets have also
made a positive impact on the following: Zero Hunger; Industry,
innovation and infrastructure; and Partnership of the Goals.
Despite their critical role in the world, MSMEs, especially those in
developing countries, still face challenges accessing the financing they
need for day-to-day operations and successful growth.
As per the Asian Development Bank, there is an estimated
$2.5 trillion trade finance gap,
which signifies the difference between requests and approvals for
financing to support imports and exports. This unmet demand denies
businesses the working capital and trade support required to achieve
their full potential. Tradewind is closing this gap by providing their
customers with flexible, tailor-made financial solutions that deliver
quick access to capital and reduce the risk of non-payment from buyers.
Most of Tradewind's customers are small and medium-sized businesses. The
firm's funding is based on their customers' buyers' creditworthiness,
rather the customer's own financials, which they might still be
developing and strengthening. The company's flexible approach to
financing enables SMEs to receive the funding they require and deserve.
Today, the team at Tradewind would like to take the opportunity to thank
their SME customers spread in most of the markets across the globe.
Through on-site visits to the facilities of their clients and close
collaboration with them, the team recognizes the significance of the
products and services made by small and mid-sized manufacturers,
traders, exporters, importers, processes and others that have changed
and shaped the world.
To know more about how Tradewind has partnered with SMEs worldwide to
help optimize their cash flow reduce their trade risk, read the
company's mission: https://www.tradewindfinance.com/our-mission/
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