• November 9, 2017

    13. Structured FINANCE in Stuttgart

    Live Testing
    At this year's Structured FINANCE in Stuttgart, the TrustBills booth was again shining visibly and soon evolved into a hub for digitalization. The demo version of the TrustBills platform attracted many well-known companies. Decision-makers from financial departments tested selling trade receivables on the 'TrustBills Playground' and were excited about how easy, fast and secure trading receivables through TrustBills is.  Read more "TrustBills is the biggest innovation at this year's Structured FINANCE," said a Dax-CFO.
    On November 8th, TrustBill CEO Jörg Hörster met with financial experts as part of a working group. At the event 'New ways in trade financing', Hörster explained the benefits of the auction platform for corporates. A roundtable on November 9th was devoted to the topic 'Two planets, one universe: Banks and FinTechs'. "Corporates benefit from a successful symbiosis of banks and FinTechs because they combine the innovative added value of a start-up with the time-proven regulatory standards of a bank," said Hörster at the event.

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  • May 24, 2017

    TrustBills at 29th Finanzsymposium in 2017 in Mannheim

    Great interest
    This year's Finanzsymposium attracted more than 2,000 finance experts from Germany, Austria and Switzerland to Mannheim between May 17 and May 19. Finanzsymposium is thus one of the largest congresses for treasurers and financial managers in the German-speaking world and is a place for informative forums, workshops and expert meetings.  Read more
    TrustBills was an exhibitor for the first time with its own exhibition stand and presented the advantages of its auction platform for trade receivables to the interested audience of corporations, banks and asset management companies. Numerous specialist discussions underlined the strong demand for our comfortable and safe marketplace.

    We would like to thank our visitors for the interesting discussions as well as the participants of our two workshops. We are looking forward to seeing you again next year.

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  • April 4, 2017

    Deutsche Bank acquires stake in FinTech TrustBills

    Deutsche Bank acquires 12.5%-stake in TrustBills
    After DZ BANK invested in the German FinTech TrustBills already in 2016, today Deutsche Bank AG announced the acquisition of a 12.5 percent share interest in the receivables auction platform TrustBills. Founded in 2015, the Germany based FinTech TrustBills is an electronic True Sale marketplace for national and international trade receivables. TrustBills' goal is to become an international receivables market place for companies of all sizes. Terms of the agreement are not being disclosed.  Read more
    Commenting on the investment, Michael Spiegel, Head of Global Transaction Banking Germany, Deutsche Bank, said: "Advancements in technology will significantly change the trade finance market. The digital solution offered by TrustBills is an excellent add-on to our value proposition in corporate banking."

    "We welcome the investment of Deutsche Bank which will further boost particularly the company's internationalisation. The corporate clients of the cooperative banks and DZ BANK who export globally will benefit from it", says Gottfried Finken, Global Head of Structured Finance at DZ BANK.

    Joerg Hoerster, Founder and CEO of TrustBills said: "We are very pleased that Deutsche Bank invests in TrustBills. Deutsche Bank's position as one of the world's largest trade finance banks will provide a great basis for the international roll out of TrustBills."

    About TrustBills:
    TrustBills is a FinTech company based in Hamburg, Germany. Based on a digital auction platform, TrustBills offers a fast and easy to operate digital auction platform for trade receivables and enables investors and asset managers direct access to this asset class without securitization.

    Yvonne Harr

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  • December 30, 2016

    TrustBills joins ITFA

    TrustBills joins the International Trade and Forfaiting Association (ITFA)
    TrustBills is one of the first FinTech-companies to join the International Trade and Forfaiting Association (ITFA). "ITFA is one of the most influential and innovative associations in the Trade Finance Industry. It is an outstanding forum of paramount importance for all parties involved in cross-border trade transactions, especially with respect to all aspects related to an active liquidity- and risk management.", explains Markus Wohlgeschaffen, SVP Product Management.  Read more
    "With TrustBills we create a new internet auction-platform, to enable a fast, secure and simple true sale of international trade receivables. We are convinced that we will benefit from the profound and vast experience of ITFA and its members. At the same time, we want to act as an active member to facilitate and improve international trade.", outlines Jörg Hörster, CEO, as a reason for TrustBills' ITFA-membership.

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  • October 14, 2016

    Christian Schmitt joins TrustBills

    Christian Schmitt, former Managing Director at Allianz Global Investors' risklab, expands the Management Team of TrustBills
    Christian Schmitt is the new Senior Vice President Investor Solutions and is now responsible for the Institutional Investors and Asset Management division of TrustBills. As a former Managing Director of risklab, a company of Allianz Global Investors, Dr. Schmitt has long-standing experience in providing advisory services for institutional investors concerning asset allocation, asset liability management and risk management.  Read more His former clients include international pension funds, corporates, foundations, (central) banks, insurance companies and family offices. Over a period of more than 20 years the industrial engineer and CFA charterholder has gained significant experience in the fields of asset management and investment banking. Furthermore, as part of his research activities he has dealt extensively with the modeling of asset classes and their effects on the asset allocation.
    "I realized very quickly that TrustBills represents the new asset class of the future, which is why I find it extremely exciting to support such a pioneering and revolutionary financial product on its way to its international breakthrough in the area of investments. I am looking forward to creating the ideal trading environment for investors on TrustBills' trading platform with my many years and a variety of experience in asset management and risk management. Asset managers as well as institutional investors will be able to invest in the trade finance related area efficiently by using the latest technology", Christian Schmitt says about his decision to join TrustBills. Jörg Hörster, Founder and Managing Director of TrustBills says: "We are very glad that we could hire Dr. Christian Schmitt, a renowned investment expert, for our management team. His extensive international network in the capital market sector enhances our access to institutional investors. Managing capital investments in a new asset class is an extremely important decision. To ensure that capital investments into trade receivables turns out to be the right decision, Christian Schmitt will be advising institutional investors in the professional handling of TrustBills. We are certain that in this crucial phase he will contribute significantly to the success of our marketplace."

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  • October 1, 2016

    Hendrik Annuth joins TrustBills

    TrustBills wins Hendrik Annuth - one of the leading heads concerning "artificial intelligence" (AI) in Germany
    We proudly announce that we were able to win Dr. Hendrik Annuth, one of the leading experts in the field of AI in Germany, as reinforcement of the AI-Team of TrustBills. Dr. Annuth has gained experience as software developer in various well known companies such as Lufthansa and Adobe.
    Jörg Hörster, CEO: "Our team is very happy that Hendrik, who is a proven expert in AI in Germany, becomes a member of TrustBills.  Read more
    His specialized skills are most valuable for us since we are establishing the first international receivables auction platform applying methods of AI and machine learning."

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  • July 5, 2016

    TrustBills is moving

    There is news about TrustBills
    Our young team has grown rapidly so that TrustBills' place of birth in the Carsten-Rehder-Strasse was bursting at the seams. That's why we are happy to inform you that we have moved to our new offices overlooking the port of Hamburg in Grosse Elbstrasse 86 by June 15, 2016. We look forward to continuing our exciting work at TrustBills in the new environment and shortly present the first impressions here on our website.

  • June 9, 2016

    Markus Wohlgeschaffen joins TrustBills

    TrustBills wins Markus Wohlgeschaffen, former Global Head of Trade Products of UniCredit Group, as Senior Vice President Product Management.
    TrustBills GmbH, one of the most innovative auction marketplaces for the true sale of international trade receivables, announced last May the acquisition of 25% of the shares in TrustBills GmbH by DZ Bank, Germany. As a next milestone, TrustBills GmbH has now expanded its management team in a central function: Markus Wohlgeschaffen takes over as Senior Vice President and Head of Product Management responsible for product development and product marketing of TrustBills.  Read more

    He will be bringing his more than 30 years of international experience in trade finance, which he gained in various management functions in the product marketing and product development at UniCredit Bank AG and its predecessor institutions in Germany and abroad. Markus Wohlgeschaffen served as Global Head of Trade Products for product development and product management of all traditional (letters of credit, collections, guarantees) and innovative supply chain finance products in the UniCredit Group until recently. He took a decisive influence on positioning UniCredit as a global innovation leader in the trade finance business. As a senior member of various industry shaping bodies, Markus Wohlgeschaffen has actively worked on many initiatives that gear the Trade Finance Industry. Amongst others, he was the Chairman of BAFT's Global Trade Industry Council (GTIC) as well as member of the Advisory Board of the ICC Banking Commission, the Board of Trustees of the Fraunhofer-Institute for Material Flow and Logistics in Dortmund, the SWIFT Corporate Advisory Group (CAG) and is still active in the World Trade Board. Moreover, he was a consultant for the Italian export credit agency (SACE) and the ICC Banking Commission. He regularly publishes articles and occurs as a speaker and panellist on national and international conferences.

    "I worked for UniCredit, one of the largest banking groups in Europe and a leading provider of trade finance products. With satisfaction I look at the sustainable developments in the trade business I was able to help shape and advance within a major bank. Now I'm very much looking forward to bringing my experience and my pioneering spirit to a highly efficient corporate structure with a growing team of experienced and ambitious experts. Together we will implement in the trade area state-of-the-art pioneering product solutions based on the latest technology for companies, banks and investors", says Markus Wohlgeschaffen at his start in TrustBills.

    "We are very pleased that in the person of Markus Wohlgeschaffen we have won over an internationally renowned trade expert. The combination of his broad and profound knowledge, his many years of sales experience, his close network in the trade industry and his pronounced innovativeness make Markus Wohlgeschaffen an asset to our company and our strategic investors', commented Jörg Hörster, founder and CEO of TrustBills. "Our goal is to combine state-of-the-art information technology, highest safety standards and established trade know-how to create the best international auction marketplace and to position trade receivables as an independent asset class. We are convinced that Markus Wohlgeschaffen will make a significant contribution to achieving this goal."

    Yvonne Harr

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  • May 3, 2016

    DZ BANK invests in TrustBills

    Germany's fourth largest bank, DZ BANK AG, acquires a 25 percent share interest in TrustBills. For DZ BANK TrustBills is the first strategic investment in a FinTech in the corporate customer business.
    TrustBills is an electronic marketplace for selling international receivables of companies to institutional investors. Its goal is to become an international receivables marketplace for companies of all sizes with the participation of top global banks.  Read more

    "For DZ BANK the share interest represents an important strategic step towards digitally strengthening the corporate customer business of the cooperative financial network in the face of growing competition and occupy a business segment of the next generation right from the start", as Stefan Zeidler, Managing Director responsible for Corporate Banking, remarks on DZ BANK's investment. The international character of the auction platform was a key criterion for our investment in TrustBills particularly as the corporate customers of the cooperative financial network export worldwide. A further advantage of the company is the high security standards guaranteed by TrustBills and its associated computing centers as companies domiciled in Germany. "Our decision to invest at an early stage also gives us a structural and time lead", adds Zeidler. "As shareholders we can exert influence on the further development of the company in the interests of the cooperative financial network." The move has also met with a very positive response from the cooperative banks. "We expect our customers will use this offer. The participation in a phase in which we can help to shape the platform, comes just at the right time", claims Andreas Mertke, Managing Director of Berliner Volksbank.

    "The cooperative financial network is strongly represented in the German medium-sized corporate sector (Mittelstand) that we would like to see on the platform" says Jörg Hörster, founder and managing director of TrustBills GmbH. "We are therefore very pleased to welcome DZ BANK on board as our first investor. We are currently holding talks with other potential partners to achieve coverage of other regions and also make investing in the attractive yet heterogeneous asset class of receivables as simple as possible for institutional investors and asset managers." By selling receivables on TrustBills, corporate customers not only gain liquidity but can also sell their receivables without recourse and thereby free up more of their balance sheet. This sets TrustBills apart from comparable suppliers.

    DZ BANK has invested a 25 percent share interest in TrustBills. The contracting parties agreed to maintain silence over the price. TrustBills is a FinTech founded in 2015 with its principal place of business in Hamburg. The founder is Maravon GmbH, a consulting firm focused on banks and securities exchanges and specialized in the digitalization of bank business models and financial market places.

    Contact Person:
    Yvonne Harr

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