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November 27, 2018

14th Structured FINANCE in Stuttgart (November 21st and 22nd, 2018)

High degree of automation and flexibility

This year’s Structured FINANCE was again a great success for us. Our team in booth F14 had plenty to do in giving an insight in the TrustBills concept and showing a platform demo to a great number of interested parties, among them well-known companies and medium-sized enterprises, banks, capital management companies and other fin-techs. Jörg Hörster, TrustBills CEO, says: „The high degree of automation and flexibility that our platform offers is always met with great enthusiasm. TrustBills as an international set-up is a real added value for German SMEs.“

Also very well frequented got the roundtable on „Intuitive working capital management“. There, Jörg Hörster discussed with Christoph Woermann, Head of Marketing, Global Transaction Banking, Deutsche Bank AG, and Ralf Lotze, Director Finance & Administrations at TrustBills client Bernhard Rothfos (Neumann Kaffee Gruppe). The latter shared his experience with our platform. He stated that he especially liked the flexibility to be able to sell receivables without framework agreements. He also praised our highly motivated team and the intuitive operation of the platform.

Trade fair visitors who needed a sessions’ break were able to dive in a virtual reality experience with help of our VR glasses and could end the first day in cozy atmosphere, enjoying a pretzel and a specially brewed TrustPils.

September 12, 2018

BAI Alternative Investment Insight 46 in Frankfurt

High Yield Returns – with five years less duration

The 46th BAI Inside in Frankfurt regarding „Investments in trade receivables – the new private debt“ was extremely well attended. The legal and processual aspects of investments in this new asset class were topics that many of the attending institutional investors and Asset managers consider as urgent.

The market overview, given by Marc Wersche (DZ BANK AG) and Christoph Woermann (Deutsche Bank AG) was among the highlights of this event. Christian Faber (Bette Westenberger Brink) presented legal aspects of trade receivables investments, whilst Martin Opfermann (Allianz Global Investors) pointed out challenges and chances of trade finance investments. “Our trade finance investments offer a return similar to high yield bond indices - only with five years less duration”, Opfermann said during his talk.

May 2, 2018

Finanzsymposium Mannheim

Trade receivables, safely

Following the keynote speech of Dr. Norbert Lammert, TrustBills opened the Treasury Innovation Clips with a premiere: 'Trade receivables, safely‘ (watch movie in German language) screened for the first time in front of several hundred people in the Mozart hall of Mannheim Congress Center.

Over the next three days of the fair, CFOs and treasurers gathered information on new opportunities in working capital management at stand no. 68 with live demos of the TrustBills platform. At the anniversary symposium, automation and digitization were right at the top of the agenda. Thus, the use of Artificial Intelligence on the auction platform was a trending topic. In the evening, TrustBills found an alternative solution for liquidity management of trade fair visitors. Thirsty guests were served a cold, specially brewed TrustPils.

December 6, 2017

TrustBills is new BAI member

Auction platform opens up new segment in private debt

TrustBills becomes a member of the Bundesverband Alternative Investments. The Hamburg-based company is giving investors direct access to trade receivables for the first time worldwide, thus adding a new segment to 'Private Debt'. TrustBills complements the BAI's membership structure with its expertise towards the new asset class 'trade receivables' and with its best-in-class financial technology.

Jörg Hörster, CEO of TrustBills, says: "Investors have direct access to trade receivables for the first time worldwide via our auction platform. They can now generate a risk premium based on an asset of the real economy. In the past, banks and specialty companies largely divided up the business among themselves. Investors had to settle for expensive and cumbersome securitizations. Now, TrustBills found a digital solution to the problem of quantity. We open up a 15-billion-euro market and enable investments, that are self-liquidating after a short period and can be subsumed under private debt, absolute return, short-term credit or money market substitute. As an active member of the BAI, we will establish integration-standards for the new asset class trade receivables as an integral part of the portfolio mix."

November 30, 2017

TrustBills is Trade and Supply Chain Finance Innovator 2017

The recognition comes two days after the market launch of the auction platform

TrustBills wins the 'Innovator of the year'-Award at this year's Supply Chain Finance Community Forum in Amsterdam. The recognition comes only two days after TrustBills market launch and stresses the innovative strength of its business model: TrustBills is the first marketplace that connects sellers and buyers of trade receivables directly and without limitations. The awards regularly mark the focal point of the SCF Community Forum.

Markus Wohlgeschaffen, SVP Corporate Solutions at TrustBills, accepted the prize on behalf of the whole team.

"TrustBills is a truly international set-up using artificial intelligence to develop a market for trade receivables. Its auction platform can set the standard for our industry," explained Prof. Michiel Steeman, chair of the judging panel and of the Supply Chain Finance Community, the body's decision. The panel consists, among others, of representatives from Fraunhofer Institute, Windesheim University, Puma and Lufthansa.

Jörg Hörster, CEO of TrustBills says about the prize: "Winning this prestigious award in the week of our market launch is a great honor and an accolade of our innovative strength. We take it as an encouragement to go even further in our venture to create a truly new service instead of merely copy-pasting old solutions into a digital environment. TrustBills journey has only just begun."

November 9, 2017

13. Structured FINANCE in Stuttgart

Live Testing

At this year's Structured FINANCE in Stuttgart, the TrustBills booth was again shining visibly and soon evolved into a hub for digitalization. The demo version of the TrustBills platform attracted many well-known companies. Decision-makers from financial departments tested selling trade receivables on the 'TrustBills Playground' and were excited about how easy, fast and secure trading receivables through TrustBills is.

"TrustBills is the biggest innovation at this year's Structured FINANCE," said a Dax-CFO. On November 8th, TrustBill CEO Jörg Hörster met with financial experts as part of a working group. At the event 'New ways in trade financing', Hörster explained the benefits of the auction platform for corporates. A roundtable on November 9th was devoted to the topic 'Two planets, one universe: Banks and FinTechs'. "Corporates benefit from a successful symbiosis of banks and FinTechs because they combine the innovative added value of a start-up with the time-proven regulatory standards of a bank," said Hörster at the event.

May 24, 2017

TrustBills at 29th Finanzsymposium in 2017 in Mannheim

Great interest

This year's Finanzsymposium attracted more than 2,000 finance experts from Germany, Austria and Switzerland to Mannheim between May 17 and May 19. Finanzsymposium is thus one of the largest congresses for treasurers and financial managers in the German-speaking world and is a place for informative forums, workshops and expert meetings.

TrustBills was an exhibitor for the first time with its own exhibition stand and presented the advantages of its auction platform for trade receivables to the interested audience of corporations, banks and asset management companies. Numerous specialist discussions underlined the strong demand for our comfortable and safe marketplace.

We would like to thank our visitors for the interesting discussions as well as the participants of our two workshops. We are looking forward to seeing you again next year.

April 4, 2017

Deutsche Bank acquires stake in FinTech TrustBills

Deutsche Bank acquires 12.5%-stake in TrustBills

After DZ BANK invested in the German FinTech TrustBills already in 2016, today Deutsche Bank AG announced the acquisition of a 12.5 percent share interest in the receivables auction platform TrustBills. Founded in 2015, the Germany based FinTech TrustBills is an electronic True Sale marketplace for national and international trade receivables. TrustBills' goal is to become an international receivables market place for companies of all sizes. Terms of the agreement are not being disclosed.

Commenting on the investment, Michael Spiegel, Head of Global Transaction Banking Germany, Deutsche Bank, said: "Advancements in technology will significantly change the trade finance market. The digital solution offered by TrustBills is an excellent add-on to our value proposition in corporate banking."

"We welcome the investment of Deutsche Bank which will further boost particularly the company's internationalisation. The corporate clients of the cooperative banks and DZ BANK who export globally will benefit from it", says Gottfried Finken, Global Head of Structured Finance at DZ BANK.

Joerg Hoerster, Founder and CEO of TrustBills said: "We are very pleased that Deutsche Bank invests in TrustBills. Deutsche Bank's position as one of the world's largest trade finance banks will provide a great basis for the international roll out of TrustBills."

About TrustBills:

TrustBills is a FinTech company based in Hamburg, Germany. Based on a digital auction platform, TrustBills offers a fast and easy to operate digital auction platform for trade receivables and enables investors and asset managers direct access to this asset class without securitization.

Contact: Yvonne Harr yharr@trustbills.com

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