It has offices opened in Mumbai, Delhi, Chennai and Bangalore.
PrimaDollar solves the resulting cash flow gap for the exporter, paying the exporter upfront, taking the buyer credit risk and allowing the buyer to pay later. All of this is done at low cost, without requiring collateral and with simple and clear pricing. It’s unique trade finance products work shipment-by-shipment, without the need for complex multi-period financing agreements or IT integrations.
PrimaDollar is also now starting to partner with banks and logistics platforms to embed this new form of trade finance into their business models – allowing exporters to take finance as they ship their container, rather than having to make a separate call to their local bank in order to arrange separate working capital.
“After a successful pilot period, we are now officially launching our operations in India. PrimaDollar primarily targets mid- and large-cap corporate clients who are looking for low cost and collateral-free liquidity in support of their international exports. India is a major market for us and we have opened four offices already. We are building a multibillion-dollar global platform in trade finance and our India launch is a key step for PrimaDollar.” added Tim.