Cynergy Business Finance doubles funding facility to TFG’s spin-out Trade Finance Partners
Cynergy Business Finance (CBF), the longest-standing financial partner of Trade Finance Global (TFG), has doubled its finance facility to Trade Finance Partners (TFP).
Trade Finance Partners, which started as the Distribution Finance initiative within TFG, has now branched off as a standalone group.
TFP specialises in distributor-led procurement and inventory finance facilities, streamlining supply chains by ensuring goods are shipped directly to their end clients.
The partnership with CBF aims to address the persistent trade finance gap in the UK and international markets, where traditional funding mechanisms often fall short of supporting modern, complex supply chains.
Since TFP’s inception, CBF has supported their mission to modernise and simplify trade finance. CBF’s involvement proved critical at an early stage, providing foundational support and reflecting its entrepreneurial ethos.
The increased commitment over the past year reflects the mutual confidence between the organisations, supporting TFP’s emergence as an independent player in the trade finance market.
CBF was the first mover in backing TFG’s expansion into this new vertical, which other banks and financial institutions have since joined. This early support helped to establish a strong foundation from which to build capacity within the SME trade finance space.
“Being the first to believe in TFG’s vision is something we take great pride in,” said Maxine Hennessy, corporate sales director at CBF. “Our partnership has gone from strength to strength, and the substantial increase in our support over the past year underscores our shared commitment to transforming how trade finance works in the UK and beyond.”
Mark Abrams, CEO of TFP, said, “Cynergy Business Finance has been with us from day one, and their belief in our business has never wavered. Their increased support has been instrumental in enabling us to scale responsibly, serve more clients, and accelerate innovation across our digital supply chain finance solutions. Through deeper collaboration, we believe we can improve trust, transparency, and availability of capital in the trade finance market.”
“Looking ahead, our aim is to partner with fintechs innovating in the trade finance ecosystem – to further enhance trust and transparency in funding markets. For example, we are working closely with Enigio’s technology solution that enables our clients to create robust and MLETR-compliant electronic Promissory Notes,” he added. “By replacing manual documentation and using legally accepted digital negotiable instruments, we have enabled our clients to get faster access to liquidity.”