cflox Gains Another Strong Banking Partner in Rabobank, Thereby Expanding its International Network
Hamburg-based payment institute cflox has integrated another partner into its international banking network: Rabobank. The Dutch bank is therefore a further option for refinancing the supply chain finance solution cflox pay.
Hamburg-based payment institute cflox has integrated another partner into its international banking network: Rabobank. The Dutch bank is therefore a further option for refinancing the supply chain finance solution cflox pay. This means Rabobank customers now also have access to the cflox solution, where payment terms can be added without having to involve suppliers. With the option of making payments to suppliers in foreign currencies, cflox pay offers global companies comprehensive international coverage.
The benefit of the cflox pay solution is that companies can pay their suppliers on a daily basis, but are not charged until a later date - after an additional payment term. It is set up via a simple payment account. This ensures seamless integration into existing systems and achieves direct working capital effects.
In addition to Rabobank, the cflox partner network already includes banks such as UniCredit, Commerzbank, Deutsche Bank, Raiffeisen Bank International and many German regional banks.
Dr. Philipp Tillmanns, founder and CEO of cflox, comments on the cooperation: “With Rabobank, we are gaining another strong banking partner for our customers. Together we want to acquire new customers both internationally and regionally in the Netherlands. Thanks to the strong sector focus on the food industry, we can further strengthen our already established footprint in the food & nutrition industry. We are very pleased about this cooperation, which fits in perfectly with our growth plans.”
Marius van Koeveringe, Executive Director, Head of Supplier Finance at Rabobank: “We are pleased to welcome cflox as a new partner. The ability to offer the cflox pay solution broadens our product offering, thereby further improving our capacity to support our customers effectively. We are proud to announce that we have successfully established our first cflox pay program and are looking forward to continuing our fruitful collaboration in the future.”