18 December 2017
visit www.ebaday.com

Deutsche Bank buys stake in receivables auction platform TrustBills

04 April 2017  |  2424 views  |  0 Source: Deutsche Bank

Deutsche Bank AG today announced the acquisition of a 12.5 percent share interest in the receivables auction platform TrustBills.

Founded in 2015, the Germany based FinTech TrustBills is an electronic True Sale marketplace for national and international trade receivables. TrustBill’s goal is to become an international receivables market place for companies of all sizes. Terms of the agreement are not being disclosed. Deutsche Bank’s investment follows an earlier investment by DZ BANK AG in 2016.

Commenting on the investment, Michael Spiegel, Head of Global Transaction Banking Germany, Deutsche Bank, said: “Advancements in technology will significantly change the trade finance market. The digital solution offered by TrustBills is an excellent add-on to our value proposition in corporate banking.

Joerg Hoerster, Founder and CEO of TrustBills said: “We are very pleased that Deutsche Bank invests in TrustBills. Deutsche Bank’s position as one of the world’s largest trade finance banks will provide a great basis for the international roll out of TrustBills.”
 

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comvisit www.thomsonreuters.infovisit www.aciworldwide.com

Top topics

Most viewed Most shared
satelliteRipple completes XRP Lockup
11021 views comments | 3 tweets | 2 linkedin
Banks tap Ethereum smart contracts for MiFID II complianceBanks tap Ethereum smart contracts for MiF...
8402 views comments | 11 tweets | 12 linkedin
Banks and fintech startups join forces on blockchain-based supply chain pilotBanks and fintech startups join forces on...
7514 views comments | 19 tweets | 22 linkedin
Nordea takes Open APIs into live productionNordea takes Open APIs into live productio...
6987 views comments | 6 tweets | 26 linkedin
hands typing furiouslyReshaping Customer Engagement & Da...
6945 views 0 | 4 tweets | 2 linkedin

Featured job

Find your next job