Aztec Money, one of Europe's most exciting finance companies, is leveraging breakthrough technological solutions to provide global alternatives to traditional forms of finance.
The Institution is expanding its local support network into Ghana and a cross-section of other countries across the African continent.
By allowing suppliers to sell their invoices outright via an online marketplace which allows them to dictate their own terms, Aztec Money has the ability to process $30 billion of trade receivables annually.
A statement issued by Mr Kwabena Donkor, Aztec Vice President of Business Development in Ghana and copied to the Ghana News Agency on Thursday said access to funds is one of the most pervasive hurdles facing trade suppliers today.
It said in the wake of the global financial crisis, businesses seeking traditional forms of finance had been faced with stricter underwriting, increased uncertainty regarding their applications for funding and sometimes higher financing costs, as banks tighten lending standards to protect capital.
It said as credit lines remain constricted, corporates in all industries are facing the challenge of ensuring continuity of supply of goods and services.
The statement said organizations worldwide are seeking practical solutions to assist their supply base with access to finance.
"Accessed in Ghana via the portal www.aztecmoney.com.gh, Aztec Money has developed a pioneering platform to address this problem by changing the way trade suppliers and investors do business," it noted.
"Through its cloud-based online marketplace, Aztec Money allows trade suppliers to raise working capital by selling their outstanding invoices to a broad investor base of banks, institutional asset managers and high net worth individuals."
The statement said Aztec connects predominantly non-Bank Investors such as Asset Managers with suppliers, and as companies sell invoices, rather than borrowing against them, this removes the need for credit scoring, lending limits, or personal guarantees.
Mr Donkor said: "In emerging markets such as those on the African continent, acquiring the necessary documentation to comply with internal bank policy can be a painful and drawn-out process.
"Emerging market suppliers are therefore among those most in need of finance and often the most difficult for the corporate debtor to source.
"The paradigm shift which the Aztec Money platform provides allows suppliers access to funding based on the creditworthiness of the corporate debtor they sell to, rather than on the strength of their own balance sheet".
The statement said by allowing suppliers to sell their invoices outright via an online marketplace, on terms of their own choosing, Aztec Money is transforming the availability of trade and export funding across the globe.
"With employees on the ground in countries as diverse as Ghana through to Bangladesh and with access to a significant pool of liquidity, Aztec Money is perfectly positioned to fund the suppliers of multinational corporations on a global scale and further revolutionize the international financing sector.
"Aztec Money allows trade suppliers to raise working capital by selling their outstanding invoices to a broad investor base of banks, institutional asset managers and high net worth individuals," it said. GNA