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Submitted URL: https://go.demica.com/e/924472/esource-demica-grows-27bn-aua-/d6xvy/139837117?h=COnYUcoqIhmXc0YFsrnnB-cwqhnmvjfc1GE51z...
Effective URL: https://www.demica.com/resource/demica-grows-27bn-aua/
Submission: On January 26 via manual from US — Scanned from DE
Effective URL: https://www.demica.com/resource/demica-grows-27bn-aua/
Submission: On January 26 via manual from US — Scanned from DE
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Cookie Policy This website uses cookies to ensure the best user experience, these are classed as essential. We also use some cookies to support our marketing, these are optional. If you are happy to accept all optional cookies, please click allow. Learn more DismissAllow Contact us * Who we work with * Our Platform * Our supply chain finance solutions * Who we are * Resources * WHO WE WORK WITH * Banks * Corporates * Private Equity Sponsors * Partners OUR PLATFORM OUR SUPPLY CHAIN FINANCE SOLUTIONS * Buyer led * Payables Finance * Dynamic Discounting * Seller led * Trade Receivables Securitisation * Trade Receivables Finance WHO WE ARE * Work at Demica * Careers * Our Team RESOURCES * Blogs * News * Webinars * Customer Stories * Guides & Reports SEARCH Enter a keyword & select a suggestion or manually search by entering any keyword. Suggestions We're sorry, no results could be found. Reset search View all results Contact us Who we work with * Banks * Corporates * Private Equity Sponsors * Partners Our Platform Our supply chain finance solutions * Buyer led * Payables Finance * Dynamic Discounting * Seller led * Trade Receivables Securitisation * Trade Receivables Finance Who we are * Work at Demica * Careers * Our Team Resources * Blogs * News * Webinars * Customer Stories * Guides & Reports 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 * Banks * Corporates * Partners * Our Platform * Work at Demica * Resources * Privacy Policy * Accessibility * COVID Procedures and Policy * Cookies * Contact us * Site map © 2023 Demica