Thursday, April 15, 2021
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PrimaDollar

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PrimaDollar
Founded:

Company Profile

PrimaDollar is a global trade finance fintech based in the UK, with offices across South and East Asia and the Americas. With clients already in over 40 countries, our fast-scaling trade finance solution is being adopted around the world. Our simple trade finance product is delivered over our technology platform which pays exporters at shipment and allows their international buyers to pay later.

We have built and operate the world’s first and best supply chain trade finance platform, offering a Shari’a compliant trade finance solution to large corporate importers and their exporting suppliers. Our platform delivers all the convenience of supply chain finance and open account trading terms, but with all the reach and scope of traditional bank trade finance products, like the letter of credit. Clients can save 2% or more on the cost of landed goods by switching their exporting supply chains over to our platform.

We also work directly with individual exporters and their local banks. We have partnerships with many local banks, Islamic and non-Islamic, across South and East Asia. Exporters can select individual buyers to work with across our platform – and for these buyers, we deliver payment at shipment whilst the buyer can pay later on open account. This helps exporters to manage their cash flow and risk, and helps local banks to comply with exchange control obligations and to provide pre-shipment finance efficiently



Founders:
Tim Nicolle
IN THE NEWS PrimaDollar