AMC Trade Finance DealRoom Leverages Africa’s Need for Trade Finance Solutions

Asoko Insight and AMC Trade Finance (AMCTF) have announced the launch of a digital DealRoom that seeks to boost AMCTF’s deal origination efforts by broadening its client network across high-impact sectors in sub-Saharan Africa.

AMC Trade Finance will provide flexible transactional trade finance facilities typically ranging between US$2m to US$10m for reputable sellers, traders or buyers, with regular transaction flow into or out of sub-Saharan Africa. The AMC Trade Finance DealRoom will seek to increase qualifying deal flow across the region as the bank-friendly trade finance solution empowers banks to service their customers whilst working with AMC in parallel.

The AMC Trade Finance DealRoom will improve the access to funding for importers and exporters with a good track record and a growing demand for trade. Qualifying companies will have access to finance products ranging from pre-export and pre-shipment finance to stock finance and receivables financing.

Rob Withagen, Asoko Insight CEO and Co-Founder said: “The AMC Trade Finance DealRoom comes at a pivotal time for Africa as the continent can accelerate its recovery from Covid-19 by accessing crucial trade finance and can capitalize on the implementation of the Africa Continental Free Trade Area. Asoko is proud to support AMC Trade Finance with a digital DealRoom that will leverage its extensive deal origination track record to greatly expand its network of clients.”

Cobus Visagie, CEO of AMC, said: “The collaboration between Asoko Insight and AMC Trade Finance to create a dynamic deal platform comes at a very opportune time for us as a specialist, sub-Sahara-focused boutique merchant bank, to address the need for trade finance and fill the void created by Covid restrictions and liquidity concerns for corporates and local banks on the continent. We are excited to broaden our client network and the partnership strongly aligns with AMC’s vision of providing structured trade and commodity finance for high impact sectors in sub-Saharan Africa. We believe we can substantially enhance our clients’ working capital profile, enabling them to scale, whilst in full collaboration with existing banking relationships.”