Tradewind Finance Partners with Finamco to Improve Factoring in Latin America

Tradewind Finance and Finamco formed a partnership to improve factoring services for businesses in Colombia and the surrounding region.

The two companies, which specialize in international factoring, will combine their expertise in trade finance and their local and global networks to ensure accessible and effective financing for Colombian and other Latin American enterprises.

Through the partnership, Tradewind, with headquarters in Germany, intends to solidify its presence as an alternative lender in Latin America, long an underserved region in terms of trade finance access. As the region continues to present opportunities for growth in manufacturing, as well as exports and imports, Tradewind will remain committed to supporting businesses there with cash flow solutions, including funding, collections services and credit protection.

As Tradewind’s local partner, Finamco, utilizing its digital capacities, will be integral to assisting with receivables management for Tradewind’s client relationships in and outside of Colombia. The firm, which has bases in Bogotá, Colombia, and Miami, will also provide business information and other strategic insights on the local market.

“We are excited to partner with Finamco to improve working capital and trade transactions for clients in Colombia and other Latin American countries through mutual factoring support. Our combined efforts will give clients the comfort and assurance that they have a team of dedicated trade finance specialists in their corner, on both a local level and global one,” René Pastor, president of global commercial of Tradewind Finance, said.

“It is a pleasure to collaborate with Tradewind on such a significant initiative that will distribute more capital to Colombian SMEs and other LatAm businesses. Our innovative technologies, cash flow management competencies and local recognition in the business community here will be a valuable complement to Tradewind’s services as well as the international coverage it can offer to our Colombian exporter client base,” Joaquin J. Krijgsman of Finamco, said.