Trade finance is the answer – no more chasing payments! FreightMango gives shippers a solution that boosts working capital and business growth. Get up to 90% of your invoice value paid upfront using trade finance.
Trade finance is financing that an importer uses to pay a supplier for goods. The financer is paid back by the importer once goods are sold.
Trade finance allows for more inventory and higher profits under circumstances where suppliers and importers have no prior relationship.
Financing terms often involve a monthly payout or a payment at a fixed interval.
Book a shipping slot on FreightMango
Apply for trade finance on your booking
Get your limits and get approved
Confirm acceptance and get paid
With tight margins for carriers and shippers, increased consumer expectations for goods to arrive quickly and freight costs rising, it’s more important than ever to free up working capital. Trade finance enables shippers to preserve cash to reinvest in their business, while offering several benefits.
Trade finance helps shippers to avoid having to put pressure on carriers to extend payment terms, which can lead to a breakdown in relationships over money at a time when capacity is tight. Treating carriers well gives shippers a competitive advantage and trade finance helps to ease financial pressures so that everyone’s happy.
With freight spend at 3% - 12% for most product-based companies, leveraging this spend to improve working capital through trade finance is a win-win.
Trade finance enables companies to easily accelerate cash flow by increasing working capital from 30 up to 90 days without impacting balance sheets.
Trade finance is a freight payment solution that enables shippers to hold on to cash beyond the typical 30-day payment terms.
Benefit from our automated customs clearance, document storage, and track and trace throughout the customs process.
FreightMango delivers a complete solution to manage your shipments from producer/supplier to Amazon distribution centers.
The FreightMango digital freight marketplace takes the load off ocean freight management. Manage your FCL and LCL shipments with ease.
Sounds good? Start getting shipping quotes.