Demica Achieves New Milestone in Quest to Transform SCF
Published: November 28, 2024
Demica announces that assets under administration (AuA)1 have surpassed $40bn, representing over $240bn of invoice flow over the course of the year.
Compound annual growth of assets on the Demica platform over the last eight years (since 2016) is over 40% – reflecting the global demand for Demica’s supply chain finance solutions, the success of the banks using Demica’s platform to grow their assets, and the increase in corporates turning directly to Demica for a flexible source of liquidity.
The platform manages over 52 million open invoices at any point in time, enabling the delivery of large complex programmes across the full spectrum of supply chain finance products, including trade receivables finance and securitisation, payables finance and dynamic discounting.
Key to Demica’s success has been the continued expanding partnerships with the world’s leading trade banks, including HSBC, Credit Agricole, Standard Chartered, ING, BBVA, Lloyds Bank, Afreximbank, and Commercial Bank of Dubai. These collaborations drive Demica’s growth, as banks originate new programs and migrate existing assets onto the Demica platform.
A further driver of growth has been the increasing number of corporates working directly with Demica for sophisticated working capital solutions. Specialising in monetising large receivables portfolios, notable recent clients include Accel, Impellam, HeadFirst Group, and Jardine Norton, all of whom rely on Demica’s expertise and platform to manage their Receivables Finance and Securitisation programs.
As global demand for supply chain finance solutions grows, Demica is positioned to remain the partner of choice for both banks and corporates looking to embrace these products.
Demica CEO Matt Wreford said “These figures reflect Demica’s position as a long-term partner to institutions in this sector, supporting sustained growth as global appetite for supply chain finance continues to expand. More and more trade banks see our technology as a route to provide increasingly innovative products and services to their customers, while our corporate clients benefit from the scale and flexible liquidity which has been more necessary than ever in 2024.”
1 Assets under Administration is the total value of the receivables on the Demica platform across receivables and payables programmes.