Who is PrimaDollar?
PrimaDollar is a UK-based trade finance platform working with exporters and importers on a global basis. We have a global network of offices and we work with buyers across the world.
What does PrimaDollar do?
Our business is very simple:
- When an exporter puts goods on a boat (plane, train, lorry), we pay him
- His buyer can pay later
- We take the buyer credit risk
What products does PrimaDollar offer?
We offer two products:
- For exporters, we offer an export finance product for their transactions with individual buyers. It works shipment-by-shipment.
- For importers, we offer an enterprise-wide solution for their international supply chain called “Supply Chain Trade Finance“. It also works shipment-by-shipment, and is designed to be complementary to existing supply chain finance programs; it is also usually funded at low cost by relationship lenders to the importer.
What does your technology do?
Our products are provided via an online digital trade finance platform. Digital trade finance platforms deliver amazing functionality to importers, exporters, the exporter’s bank and to funders. See here.
And our products can be delivered to market via other companies using our API toolkit which allows our products to be integrated fully into the digital customer journeys of other businesses.
- Freight forwarders and shipping lines: see here
- Marketplaces: see here
- Banks of exporters who are providing pre-shipment finance
- Banks and other funders of importers who want to monitor transactions, documents, shipments and cash flows.
PrimaDollar’s trade finance products are Shari’a compliant, which means that they are accepted by scholars as being an acceptable part of the Islamic financial world – see here for what that means.
What are the three most important things I need to know?
Here are three important principles that we abide by:
- We cannot make a bad or risky trade into a good trade.
- Our products are flexible but standardised. This approach keeps costs low and risks under control.
- We are an ethical financier. We aim to provide the lowest cost finance possible to businesses that meet good standards for compliance and worker conditions.
How can I find out more?
With a global network and global coverage, talk to us.