Deutsche Bank AG: Invest in financing platform Traxpay
- Deutsche Bank AG has announced its investment in the Frankfurt-based fintech Traxpay GmbH
- By investing in Traxpay, Deutsche Bank is using the fintech’s platform technology to expand its supply chain finance offering
- Traxpay offers its corporate clients dynamic discounting and reverse factoring solutions to enable them to manage their cash flows flexibly
- Traxpay strives for a leading role in Europe
- Other banks encouraged to join as investors and cooperating partners to further expand the platform
- Buyers and sellers who use the dynamic discounting solution that Traxpay offers benefit from flexible payment terms for goods
