Trustbills provides an innovative platform for the easy exchange of outstanding claims.
Details about Trustbills
Companies of all kind rely on factoring services to ensure a secure supply of liquidity. Factoring is essentially the act of selling outstanding claims on to a third party to avoid having to wait for the payment. This process is, however, generally complicated and timely. There’s no reason it needs to be, however, and Trustbills has developed an innovative platform which allows companies to pass on their outstanding claims easily, speedily, and securely.
The platform links companies wishing to sell claims with institutional investors and allows them to negotiate. It is obvious that Trustbills wants to address and improve all issues arising when selling outstanding claims. is still in the development and deployment phase, but from its publicity material, it’s clear that this start-up has the ambitious goal of improving the classic prolem areas in factoring for both sides. Trustbills was founded in Hamburg in 2015, with DZ Bank (25 %) and Deutsche Bank (12,5 %) each holding shares.