About Us

TrustBills connects sellers of trade receivables with diversified sources of liquidity, including banks and asset managers, allowing continuous access to working capital at the lowest cost.

Our Values

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    People

    Creating an environment for exceptional people

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    Meritocracy

    Letting the best idea win

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    Focus

    Saying no to many other good ideas

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    Diversity

    Valuing individuality, together

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    Privacy

    Keeping personal information safe

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    Environment

    Leaving the planet better than we found it

  • Card image
    People

    Creating an environment for exceptional people

  • Card image
    Meritocracy

    Letting the best idea win

  • Card image
    Focus

    Saying no to many other good ideas

  • Card image
    Diversity

    Valuing individuality, together

  • Card image
    Privacy

    Keeping personal information safe

  • Card image
    Environment

    Leaving the planet better than we found it

  • Card image
    People

    Creating an environment for exceptional people

  • Card image
    Meritocracy

    Letting the best idea win

  • Card image
    Focus

    Saying no to many other good ideas

  • Card image
    Diversity

    Valuing individuality, together

  • Card image
    Privacy

    Keeping personal information safe

  • Card image
    Environment

    Leaving the planet better than we found it

  • Card image
    People

    Creating an environment for exceptional people

  • Card image
    Meritocracy

    Letting the best idea win

  • Card image
    Focus

    Saying no to many other good ideas

  • Card image
    Diversity

    Valuing individuality, together

  • Card image
    Privacy

    Keeping personal information safe

  • Card image
    Environment

    Leaving the planet better than we found it

  • Card image
    People

    Creating an environment for exceptional people

  • Card image
    Meritocracy

    Letting the best idea win

  • Card image
    Focus

    Saying no to many other good ideas

  • Card image
    Diversity

    Valuing individuality, together

  • Card image
    Privacy

    Keeping personal information safe

  • Card image
    Environment

    Leaving the planet better than we found it

History

2015

2015

Foundation

TrustBills was founded in September 2015 as a subsidiary of FinTech Studio (formerly Maravon) by Jörg Hörster under the strong belief that the markets for factoring, forfaiting and supply chain finance are organized like inefficient flea markets and need to be fixed.
2016

2016

DZ BANK Investment

DZ BANK - Germany's second largest bank at the time - invested in TrustBills and acquired 25% of the shares. TrustBills was the very first FinTech-investment for DZ BANK's corporate banking.
2017

2017

Deutsche Bank Investment

Germany's largest bank, Deutsche Bank, joined TrustBills with a 12.5% share. Also for Deutsche Bank's corporate banking TrustBills was the very first FinTech investment.
2018

2018

Beta Test

Successful launch of the Beta-phase during the second half of 2018. Within three weeks TrustBills reached a state where not a moment passes without an auction any longer.
2019
January

2019 - January

Market Entry

Official market entry. First institutional investors got active on TrustBills and act as market makers.
April

2019 - April

Bang

Culture clash! TrustBills was forced to go through a restructuring process. After a buyout FinTech Studio is the sole owner of TrustBills again for the time being.
July

2019 - July

TrustBills unchained

TrustBills is better positioned than ever. New partners and new features make buying and selling trade receivables easier, faster and more efficient - and as safe as ever.

Management

Digital disruption is not caused by tech. It is caused by unhappy customers and entrepreneurs finding a better way to solve their problems. So we are not a tech company for the sake of tech. We are a receivables exchange that helps companies unlock capital, bound in invoices, so that businesses can put it to work - at lowest cost and in the most efficient way - for the greater good.

Jörg Hörster

Founder & CEO

Joerg Hoerster is the founder and CEO of TrustBills as well as the founder and managing director of FinTech Studio. Previous to his work for both companies he worked with Deutsche Bank, Metzler Consulting and Daimler Benz. Joerg was also a lecturer in financial mathematics at the Institute of Mathematical Stochastics at the Faculty of Mathematics of the Technical University of Dresden

Dr. Johannes Ulbricht

General Counsel & International Expansion Officer

Dr. Johannes Ulbricht is TrustBills' General Counsel and a managing director. Johannes is a lawyer specializing in media, computer and trade law and is also partner at the Michow & Ulbricht law firm. In addition he is the legal advisor of the Federal Association of the Event Industry and founder and general manager of the collection society GWVR.

Hongchao Xu

Chief Technology Officer

Hongchao Xu is the Head of Tech at TrustBills. His teams are in charge of marketplace software development, Machine Learning and Artificial Intelligence for fraud prevention and automation and development operations for a secure and reliable platform experience. Before TrustBills he developed the online shops for Douglas, OBI and Galeria Kaufhof as an external service provider. Hongchao graduated from RWTH Aachen where he also contributed to the LTE standard and the next generation internet protocol.

Tobias Ehrenstein

Head of Customer Success

Tobias is TrustBills' Head of Customer Success. Together with his team, he ensures a positive user experience, from the initial contact of our customers with TrustBills to the point where they use TrustBills successfully. Tobias is a Certified Credit Controller and Social Economist. Before joining TrustBills he worked in accounting and receivables management for medium-sized companies and large corporations as well as for a major European bank. He understands the needs of our customers and advises them on the effective use of TrustBills.

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