Tradelink
- Speed up your payment cycle with Tradelink
Tradelink is a specially designed product that enables businesses to settle vendor payments without delay. This facility looks to support businesses to overcome the typical 30-45-90 days wait for settling supplier payments. Developed and distributed in partnership with Africa Export and Import Bank (AFREXIM), Tradelink strengthens your business’ relationship with suppliers by ensuring you have access to funds needed to make timely payments.
Get Started
Kindly provide the appropriate information to get started.
Tradelink Frequently Asked Questions
What is Tradelink?
Tradelink is a supply chain finance platform designed to help businesses to settle vendor payments without delay. This product supports corporates with a supplier network to overcome the typical 30-45-90 day wait for settling supplier payments. Developed and distributed in partnership with Africa Export and Import Bank (Afreximbank), Tradelink strengthens your business’ relationship with your suppliers by ensuring that they have access to financing for early payment on their invoices.
Who are the Participants on Tradelink?
A Tradelink transaction requires the following participants:
- A buyer or anchor – a large or emerging corporate company with a network of suppliers.
- Sellers – The suppliers/contractors/vendors that supply goods and services to the buyer.
How does Tradelink work?
The following steps will apply:
- Sterling Bank and Afreximbank team up with a corporate willing to offer the Tradelink benefit to its suppliers.
- A line of credit is allotted to the corporate which its suppliers can draw on whenever they desire.
- The supplier onboards on Tradelink.
- To access the financing, the supplier delivers goods/services to the corporate according to the terms of a purchase order or a contract.
- The corporate uploads the supplier’s approved invoice on Tradelink.
- The supplier goes to Tradelink and sells the invoice to Sterling Bank or Afreximbank at a discount.
- The supplier receives the funding in their bank account within a few minutes of a successful sale.
- On the invoice due date (agreed future date when the corporate is due to make payment), the corporate settles Sterling Bank a full payment of the invoice value.
I am a buyer; how do I access Tradelink?
Contact us through the enquiry form and request to be onboarded on the platform.
I am a supplier; how do I access Tradelink?
Contact us through the enquiry form to find out if your buyer is enrolled on the Tradelink platform. If yes, we will walk you through a seamless onboarding process.
I am a supplier; what if my buyer is not enrolled on Tradelink?
We have a host of products besides Tradelink that will perfectly suit your needs. Contact us through the enquiry form to access our other supplier finance products.
Who is eligible to apply?
Businesses under the following categories:
- Corporates in Nigeria with strong value chain networks comprising suppliers, vendors, or contractors.
- Suppliers supplying goods and services to these corporates.
What documentation do I need to be onboarded on Tradelink?
Please send the following documents to our email [email protected]:
- A copy of your most recent audited financials.
- Proof of an existing trading relationship with your buyer or seller. These include invoices, account statements, receipts, and contracts.
We will assess these and reply to you with information on the next steps.
How much funding can I access through Tradelink?
Buyer funding limits are set based on the buyer’s quarterly payables. This limit is shared between the buyer’s suppliers. We will determine applicable limits after we have conducted an analysis of each company’s financials.
Can I access funding in foreign currency?
Yes, funding is available in NGN, USD, and EUR.
What are the interest rates and charges associated with Tradelink?
This program enables suppliers to borrow at the interest rate applicable to their buyer. Our rates are highly competitive and are determined during negotiations with the buyer. Complete the enquiry form to know the interest rate applicable to your buyer.
How do I repay the financing obtained through Tradelink?
Each financing is repaid by the buyer on the invoice due date.
I would like to see a demo of the Tradelink platform?
Complete the enquiry form to request for a demo of the platform.
I understand everything, but Tradelink is not for me.
Great! Complete our enquiry form and we will be in touch with you to discuss your specific business needs and match you with one of our other products that best suits your needs.
