Tungsten Network, the digital automation platform owned by Tungsten Corporation continues to demonstrate progress in trade finance. Since January 2017, Tungsten Network has funded a total of over £300 million of invoices to help companies across the United Kingdom and the United States manage their working capital.
Tungsten Network’s trade finance activities were relaunched at the start of 2017 under the leadership of Prabhat Vira, President, Tungsten Network Finance, with a rebuilt technology infrastructure and a repositioned operational model. Since relaunching, it has grown its user base, funding partnerships and range of products.
Tungsten Network Finance now offers four distinct trade finance solutions: invoice discounting through the Tungsten Network Early Payment facility in its portal; lines of credit; receivables financing and supply chain finance.
