Tradecycle Capital, LLC closes $100 Million Securitization with DZ BANK AG

Tradecycle Capital, a highly-tech enabled supply chain finance company, recently closed a $100 Million securitization facility with DZ BANK AG.  The execution of the facility represents a 150% total increase to a facility that began in June of 2019.  The increase will be utilized to support Tradecycle’s continued growth as it expands its relationships with Private Equity Sponsors and Senior Lenders.

Justin P. Goheen, Tradecycle’s CEO and Founder, stated, “DZ has been a tremendous partner to Tradecycle.  They have understood our unique business model since day one of the relationship and have been extremely supportive of our exponential growth over the last several years.”

James Miers, Vice President – Asset Securitization at DZ Bank AG, stated, “Working with the Tradecycle team has met our every expectation of a financing partner.  Tradecycle remains a strong company during uncertain times, thus DZ BANK is very excited to see our relationship grow further.”

About Tradecycle

Founded in 2016 by Justin Goheen, Tradecycle provides unsecured Accounts Payable Finance solutions that work seamlessly with Senior Credit Facilities to supplement the working capital needs of its clients.  The technology driven solution provides an additional tool to assist clients in managing their working capital through extended payment terms.  For more information visit www.tradecyclecapital.com.