Demica Secures $300 Million in Funding to Revolutionize Trade Finance Programs Worldwide

We are thrilled to announce that Demica, the market-leading fintech powering the trade finance programs for the world’s largest trade banks and corporations, has successfully raised an impressive $300 million in a recent funding round. This significant capital infusion underscores the escalating demand for our innovative solutions and reinforces our commitment to transforming the way financial institutions and corporates manage their working capital. Demica’s cloud-based platform allows clients to seamlessly automate and scale their financial operations, enabling over $27 billion of Assets under Administration (AUA) on our platform as of December 31, 2022. Our unique offerings cater to a diverse array of working capital products, empowering our clients to enhance their supply chains and reallocate capital strategically to fuel growth. The funds raised will be directed towards further enhancing our technological capabilities, broadening our service offerings, and expanding our reach into new markets. As we continue to forge strong partnerships with banks and institutional investors, we are poised to revolutionize trade finance and create even greater value for our clients. We are excited about the potential this funding brings and look forward to continuing our journey of innovation in the fintech space. Stay tuned as we develop new features and solutions that will redefine working capital management for businesses worldwide.