Vecron Lordstock Group (VLG), a global structured finance firm specialising in structured trade and project finance, has launched an independent trade finance unit, Vecron Exim.

Vecron Exim’s product offer includes pre-export/working capital finance, purchase order finance, factoring/accounts receivable finance and structured trade finance.

Jonathan Tseelon, global president and CEO of Vecron Exim and VLG co-founder, talks to GTR about the motivation to launch an independent trade finance unit: “We have noticed that there is a great gap in the market when it comes to smaller trade transactions – up to US$2mn per transaction.

“Our company was established as a collaboration between financiers, executives from the supply chain management and manufacturing industries, as well as Silicon Valley venture capital, so we analyse risk differently. What we are looking for is transactions that make commercial sense, and not necessarily financial sense. Because we have people from many industries working within our company, we can pretty much understand any part of the supply chain, and think flexibly on how to provide the capital to make the transaction work,” he says.

Vecron Exim’s clients are both small and medium businesses as well as large businesses. According to Tseelon, working with SMEs, especially manufacturers and distributers from the industrial machine, textiles, and commodities industries, have so far proved successful.

Vecron Exim has offices in Israel, the US, Canada, and soon in Europe, but the client base is international.