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November 27, 2018

14th Structured FINANCE in Stuttgart (November 21st and 22nd, 2018)

High degree of automation and flexibility

This year’s Structured FINANCE was again a great success for us. Our team in booth F14 had plenty to do in giving an insight in the TrustBills concept and showing a platform demo to a great number of interested parties, among them well-known companies and medium-sized enterprises, banks, capital management companies and other fin-techs. Jörg Hörster, TrustBills CEO, says: „The high degree of automation and flexibility that our platform offers is always met with great enthusiasm. TrustBills as an international set-up is a real added value for German SMEs.“

Also very well frequented got the roundtable on „Intuitive working capital management“. There, Jörg Hörster discussed with Christoph Woermann, Head of Marketing, Global Transaction Banking, Deutsche Bank AG, and Ralf Lotze, Director Finance & Administrations at TrustBills client Bernhard Rothfos (Neumann Kaffee Gruppe). The latter shared his experience with our platform. He stated that he especially liked the flexibility to be able to sell receivables without framework agreements. He also praised our highly motivated team and the intuitive operation of the platform.

Trade fair visitors who needed a sessions’ break were able to dive in a virtual reality experience with help of our VR glasses and could end the first day in cozy atmosphere, enjoying a pretzel and a specially brewed TrustPils.

October 8, 2018

"Die Unternehmervertrauten" in Hamburg

Inspiring Network meeting

The regional event jointly organized by TrustBills and the “Unternehmervertrauten“ attracted over 50 participants in the Hamburger Speicherboden.

Claudia Haas, Senior Vice President Client Solutions with TrustBills, presented TrustBills innovative solutions to an interested circle of, among others, accountants, tax consultants and lawyers. Her informative and entertaining talk about "New ways to capital: selling trade receivables - and the tax/financial peculiarities" and the subsequent get-together with delicious mini-Labskaus (a traditional Hamburg dish) made the event a complete success.

September 25, 2018

Petra Suetter joins top-management at TrustBills

Auction platform for trade receivables will expand business to Switzerland and Austria

TrustBills appoints Petra Suetter as Senior Vice President Client Solutions. The highly experienced banker will roll out the platform’s expansion primarily in Austria and Switzerland.

With effect from September 17th, 2018 Petra Suetter moved to TrustBills, the auction platform for domestic and international trade receivables. She joins from The Royal Bank of Scotland/NatWest, where she supported the strategic changes in the Corporate Coverage of German-speaking countries since 2008. Most recently, she was responsible for the relationships with important multinational companies in Germany, Austria and Switzerland as Executive Director Corporate Coverage and Senior Banker. She was Co-Head Corporate Coverage in Switzerland for a number of years and subsequently led the Vienna Branch in Austria from 2012–2016. Before joining RBS Petra Suetter worked for Deutsche Bank for two decades where she focused on the coverage of multinational corporates in Switzerland.

She is engaged in various alumni organizations, i.a. „Common Purpose“, as Board Member of the „Alumni der Deutschen Bank e.V.“ and the St. Gallen Symposium.

Joerg Hoerster, CEO and founder of TrustBills, says: „Petra Suetter brings with her a wealth of experience and a first-class network within the C-suites of German, Austrian and Swiss multinationals. It is invaluable for us to build on the expertise of such a well-connected and highly respected person during the expansion of TrustBills.“

On her job change from the banking industry to a FinTech, Petra Suetter says: „TrustBills business model is ingenious, as it allows companies a truly flexible and tailor-made working capital management - also on an international level. Given the enormous pressure that medium-sized companies face in terms of working capital, TrustBills is the best solution in the market, at the same time offering excellent opportunities for investors suffering from the current low yield environment. Within a bank, it is rather challenging to create such a platform.“

With Petra Suetter joining, the dual leadership under CEO and founder Joerg Hoerster becomes a trio. She complements the distribution and product marketing team of Claudia Haas (formerly Coface) and Markus Wohlgeschaffen (formerly Unicredit).

September 12, 2018

BAI Alternative Investment Insight 46 in Frankfurt

High Yield Returns – with five years less duration

The 46th BAI Inside in Frankfurt regarding „Investments in trade receivables – the new private debt“ was extremely well attended. The legal and processual aspects of investments in this new asset class were topics that many of the attending institutional investors and Asset managers consider as urgent.

The market overview, given by Marc Wersche (DZ BANK AG) and Christoph Woermann (Deutsche Bank AG) was among the highlights of this event. Christian Faber (Bette Westenberger Brink) presented legal aspects of trade receivables investments, whilst Martin Opfermann (Allianz Global Investors) pointed out challenges and chances of trade finance investments. “Our trade finance investments offer a return similar to high yield bond indices - only with five years less duration”, Opfermann said during his talk.

May 2, 2018

Finanzsymposium Mannheim

Trade receivables, safely

Following the keynote speech of Dr. Norbert Lammert, TrustBills opened the Treasury Innovation Clips with a premiere: 'Trade receivables, safely‘ (watch movie in German language) screened for the first time in front of several hundred people in the Mozart hall of Mannheim Congress Center.

Over the next three days of the fair, CFOs and treasurers gathered information on new opportunities in working capital management at stand no. 68 with live demos of the TrustBills platform. At the anniversary symposium, automation and digitization were right at the top of the agenda. Thus, the use of Artificial Intelligence on the auction platform was a trending topic. In the evening, TrustBills found an alternative solution for liquidity management of trade fair visitors. Thirsty guests were served a cold, specially brewed TrustPils.

February 13, 2018

TrustBills expands senior management team

Auction platform for trade receivables appoints two SVPs for further rollout

TrustBills, the auction platform for trade receivables, appoints a dual leadership driving its European expansion and its market penetration in Germany, effective since February, 1st.

As Senior Vice President Client Solutions, Claudia Haas will be key to TrustBills growth strategy with corporates and institutional investors. She joins from industrial broker Marsh, where she was Head of Alternative Solutions. Haas served almost 20 years at Coface Group. As Director and Marketing Northern Europe Division Manager she has pioneered innovations within the credit insurance and factoring portfolio of Coface. Jörg Hörster, CEO of TrustBills, says: "Claudia is one of the most consummate professionals in risk hedging and credit rating. Our customers will benefit enormously from her expertise. Her impressive track record in developing distribution channels will significantly accelerate the expansion of TrustBills among corporates and institutional investors."

Haas says: "Via TrustBills, institutional investors have direct access to the asset class trade receivables for the first time. This will fundamentally change the trade finance market. I am looking forward to finding lean solutions to complex requirements."

In his new role as Senior Vice President Client Solutions Markus Wohlgeschaffen will be responsible for TrustBills European expansion strategy. Prior to that, Wohlgeschaffen was SVP Corporate Solutions at TrustBills. Before joining the FinTech in 2016, Wohlgeschaffen was Global Head of Trade Products at Unicredit Group. He took a decisive influence on positioning the bank as a global innovation leader in the trade finance business. As a senior member of various industry shaping bodies, Wohlgeschaffen has worked on many initiatives that gear the Trade Finance Industry. Amongst others, he was the Chairman of BAFT's Global Trade Industry Council (GTIC), member of the Advisory Board of the ICC Banking Commission and a consultant for the Italian export credit agency (SACE) and the ICC Banking Commission. Hörster says: "Markus is one of the most experienced personalities within the European trade finance industry and has been vital to TrustBills rollout from the beginning. With his superb international network he will now shape our international expansion."

Wohlgeschaffen says: "TrustBills is an international setup. We will simplify trade financing across national borders. This makes TrustBills the universal financing solution for a global, digital economy."

December 6, 2017

TrustBills is new BAI member

Auction platform opens up new segment in private debt

TrustBills becomes a member of the Bundesverband Alternative Investments. The Hamburg-based company is giving investors direct access to trade receivables for the first time worldwide, thus adding a new segment to 'Private Debt'. TrustBills complements the BAI's membership structure with its expertise towards the new asset class 'trade receivables' and with its best-in-class financial technology.

Jörg Hörster, CEO of TrustBills, says: "Investors have direct access to trade receivables for the first time worldwide via our auction platform. They can now generate a risk premium based on an asset of the real economy. In the past, banks and specialty companies largely divided up the business among themselves. Investors had to settle for expensive and cumbersome securitizations. Now, TrustBills found a digital solution to the problem of quantity. We open up a 15-billion-euro market and enable investments, that are self-liquidating after a short period and can be subsumed under private debt, absolute return, short-term credit or money market substitute. As an active member of the BAI, we will establish integration-standards for the new asset class trade receivables as an integral part of the portfolio mix."

November 30, 2017

TrustBills is Trade and Supply Chain Finance Innovator 2017

The recognition comes two days after the market launch of the auction platform

TrustBills wins the 'Innovator of the year'-Award at this year's Supply Chain Finance Community Forum in Amsterdam. The recognition comes only two days after TrustBills market launch and stresses the innovative strength of its business model: TrustBills is the first marketplace that connects sellers and buyers of trade receivables directly and without limitations. The awards regularly mark the focal point of the SCF Community Forum.

Markus Wohlgeschaffen, SVP Corporate Solutions at TrustBills, accepted the prize on behalf of the whole team.

"TrustBills is a truly international set-up using artificial intelligence to develop a market for trade receivables. Its auction platform can set the standard for our industry," explained Prof. Michiel Steeman, chair of the judging panel and of the Supply Chain Finance Community, the body's decision. The panel consists, among others, of representatives from Fraunhofer Institute, Windesheim University, Puma and Lufthansa.

Jörg Hörster, CEO of TrustBills says about the prize: "Winning this prestigious award in the week of our market launch is a great honor and an accolade of our innovative strength. We take it as an encouragement to go even further in our venture to create a truly new service instead of merely copy-pasting old solutions into a digital environment. TrustBills journey has only just begun."

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