Accelerated Payments joins ITFA and TFD Initiative

We are delighted to welcome Accelerated Payments to ITFA and to TFD Initiative, our flagship trade distribution community.

Ian Duffy, CEO, Accelerated Payments explains the move: “Accelerated Payments has built a unique and scalable Fintech platform which represents a fundamental shift and approach to providing working capital funding to the SME sector. We are a global Selective Invoice Finance provider with offices in Dublin, London and Toronto. Our offering shifts the credit risk from an SME to their debtor enabling AP to assist a broader range of potential SMEs who may struggle to access working capital due to the strength of their own balance sheet. A combination of our innovative FinTech platform, international footprint and track record is driving our continuous global growth and enhances our ability to support more SMEs around the world, giving them freedom to grow both domestically and overseas with affordable and accessible working capital. We are very pleased to join ITFA and we hope to add to its goal of promoting trade finance on a global scale.’’

Accelerated Payments joined TFD Initiative in September 2021 to take advantage of the new trade tokenisation option.

André Casterman, Chair Fintech Committee, ITFA is enthusiastic about the recent collaboration with AP: “It is very refreshing to work with SME-focused Fintech platforms such as Accelerated Payments. The speed of decision-making and implementation as well as the openness to ground-breaking innovations such as the new tokenization option are impressive. SMEs are the ones benefiting which is the ultimate goal.”

We have been delighted to welcome Ian Duffy to share his insights in Bristol and look forward to further engagement during our frequent webinars and upcoming in-person events.

The ITFA Fintech Committee now regroups a total of 44 players which are listed on our website. Our Fintech Initiatives aim to address two market-level ambitions: DNI Initiative focuses on digitising trade documents and negotiable instruments in corporate-to-bank relationships, whilst TFD Initiative aims to attract institutional funding to the trade asset class. Our advocacy task force (TERA) aims to promote the integration of digital options such as MLETR-based e-originals to policy makers.