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Today: Jun 13, 2024

Tradewind Finance Empowers Textile and Apparel Industry with Fresh Credit Opportunities.

1 min read

Tradewind Finance has announced funding for two new clients within the apparel and textile market. The company has provided a €3m credit facility for a German company trading in polyester fibers and €650,000 in funding for a Turkish clothing manufacturer. Both companies are using Tradewind’s export factoring solutions to free up capital from their invoices and accelerate cash flow. The global textile market’s value reached $1,695.13bn in 2023 and is expected to grow at a CAGR of 7.6% in terms of revenue from 2024 to 2030. Tradewind has a financing portfolio that spans over 20 industries.