Aztec Money, one of Ireland’s finance companies has opened its doors to Ghanaian businesses and exporters to facilitate access to funding.
Aztec Money is a global online platform that allows easy, fast and secure access to financing for businesses without a binding contract.
It allows suppliers to sell their invoices outright in a transparent competitive auction marketplace, on terms only the supplier chooses thereby increasing access to trade and export funding for companies in Ghana.
Aztec connects (non?bank) Investors such as asset managers to suppliers thus replacing bank lending and removing the need for credit scoring, lending limits, or personal guarantees as suppliers sell invoices rather than borrowing against them.
Kwabena Donkor, Vice President of Business Development in Ghana at Aztec Money, told Ghana News Agency “Aztec Money is the easiest, fastest and most secure way to access financing for any company without using Invoice discounting, loans or Letter?of?Credit.”
Suppliers simply register and start selling invoices on terms they choose and watch bidders compete to buy their invoices. Funding is provided by global asset managers and other financial institutions who purchase the outstanding invoices online.
Aztec money is providing companies with a badly needed alternative option and is set to transform the availability of trade and export funding for companies in Ghana.
Mr Donkor said companies like Aztec Money aimed to re?shape the architecture of global finance and help vital companies and industries to develop sustainable export growth.
