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DEMICA GROWS ASSETS UNDER ADMINISTRATION 28% IN 2022 TO REACH $27BN

Published 26th January 2023 by Demica in News

Demica Resources News Demica grows Assets under Administration 28% in 2022 to
reach $27bn

Demica’s market-leading supply chain finance platform, used by the world’s
leading trade banks and corporates to power their working capital programmes,
grew Assets under Administration (“AuA”)1 by 28% in 2022 to reach a milestone
$27bn, representing over $160bn of annual volume.

With the flexibility to support the full range of open account trade finance
products, the Demica Platform is used by over 55 of the world’s leading trade
bank and non-bank financial institutions to finance clients in over 60
countries. The material growth in AuA in 2022 came through a combination of:

 * the launch of new programs for corporates seeking low-cost working capital
   finance to mitigate the impact of rising inflation and higher interest rates;
   and
 * large-scale asset migrations by banks moving away from legacy internal
   systems.

Commenting on reaching $27bn, Demica CEO Matt Wreford said, “The global supply
chain finance market is going through a period of significant growth at a time
when banks are modernising systems and investing for the future. Demica, having
established itself as a trusted partner to the world’s largest trade banks and
corporations, has been one of the major beneficiaries of these market dynamics.
Taken together these drivers give us confidence that our high growth rate will
continue through 2023 and beyond.”

1 Assets under Administration is the total value of the receivables managed on
the Demica platform across receivables and payables programs as at 31st December
2022.

28%

Growth in 2022

We have grown Assets under Administration by 28%, increasing our global presence




ABOUT DEMICA

We are a market-leading fintech, powering the trade finance programmes of the
world’s largest trade banks and corporations. Demica’s proposition is simple:
our intuitive, cloud-based platform enables financial institutions and
corporates to automate and scale their working capital solutions. Today, we have
US$27bn of Assets under Administration, across the full spectrum of working
capital products. Funded by a diverse range of banks and institutional
investors, these programmes enable companies to strengthen their supply chains
and redeploy capital to drive growth. To learn more, visit Demica.com.

For media enquiries, please contact –

Daniel O’Hara – daniel.ohara@demica.com, 02039585903

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