Blend has been instrumental in setting up India Factoring and Finance Solutions Pvt. Ltd. (IFFSPL) along with Punjab National Bank, Fim Bank of Malta and Banca IFIS of Italy to facilitate trade through factoring and related financial services in trade finance.
After successfully developing the factoring product in India Blend is now replicating the same in Africa. We have developed the co-branded factoring advisory product “AFRIFACTOR” with the African Export Import Bank (AFREXIM), Egypt. The aim is to build more awareness about factoring products in Africa which has a huge potential for investment. We at Blend has the functional and technical know-how to advice Banks and Financial institutions in setting up and launching their Factoring Business and has successfully advised an East African bank in implementing the same. Blend’s capabilities and achievements in this field has assisted Blend’s appointment by Afrexim Bank, the 2nd largest multilateral institution in Africa as their Global Factoring Consultants.
Blend is currently working with various large Banks for setting up the factoring platform along with the feasibility study and the technical support through its technical partners. Given the large potential in the African continent, we are advising banks on capacity building and helping them set up a broader base of financing lines to help their clients in furthering their trade flows and business; while creating safer financing methods with tighter credit controls.