TRADE X Secures Additional Debt Financing From Forbright Bank And A Global Asset Management Firm To Fuel Its Expansion
Summary
TRADE X provides the entire B2B ecosystem – car dealers, OEMs, large fleet owners, multinational rental car companies, and mobility solution providers – with a secure, compliant and streamlined platform that handles all the logistics required in buying and selling pre-owned vehicles internationally. TRADE X simplifies the experience and ensures each transaction is compliant, insured, and monitored from start to finish. “We are excited for the next phase of our expansion, helping buyers and sellers transact globally, accelerate their inventory turnover and boost their profits. We are pleased to partner with Forbright to help finance our U.S. based business, as well as an additional global asset management firm to fuel our expansion outside of North America” “TRADE X is helping to bridge the gaps in the global automotive trade, providing a secure, frictionless marketplace to connect buyers and sellers across continents and borders,” said Luciano Butera, Executive Vice President and Chief Operating Officer of TRADE X. “We are helping our clients, from multinational companies to individual dealers, gain access to more vehicle options, better pricing, and a larger market to buy and sell vehicles.” Recommended AI News: Samsung Introduces Three New Logic Solutions To Power The Next Generation Of Automobiles [To share your insights with us, please write to sghosh@martechseries.com]