Caterboss has formed a strategic partnership with Swedish fintech company Treyd, aiming to offer small and medium-sized enterprises (SMEs) in the food, hospitality, and tourism sectors a flexible financing solution. With this collaboration, Irish SMEs can now benefit from extended payment terms of up to 120 days, empowering them to maintain steady cash flow amid today’s challenging economic conditions.
Treyd's entry into Ireland comes with its unique financing model, designed to help growing retail businesses by covering their inventory purchases upfront. Treyd’s financing solution allows SMEs to sell more products, maintain cash flow, and invest in inventory without exhausting working capital. The extended financing terms, which can last up to four months, help alleviate cash flow challenges brought on by rising costs, VAT increases, and wage inflation.
“Treyd’s stock financing solution gives SMEs the working capital they need to sustain growth,” said Ben Ingram, Head of Partnerships for the UK and Ireland at Treyd. “Banks are tightening their credit policies, and venture capital is becoming harder to obtain, leaving a funding gap that Treyd is well-placed to fill.”
Peter Beckman, Treyd’s CEO and co-founder, shared his excitement: “Ireland is a promising new market that aligns with Treyd’s global expansion strategy. After successfully helping over 650 SMEs worldwide and funding invoices exceeding €175 million, we are eager to bring this solution to Irish companies.”
Ciaran Kilbride, CEO and Founder of Carlow-based Caterboss, is optimistic about the collaboration: “Businesses in Ireland’s food, hospitality, and tourism sectors face significant challenges. At Caterboss, we are always seeking innovative ways to help our customers succeed, and Treyd’s financing solution provides the capital they need.”
With Treyd’s proven track record of supporting over 650 SMEs and expanding its customer base by 500% in just one year, this partnership will give Irish businesses access to much-needed financing options that will help them thrive.
For more information on the finance we offer please see our Finance Page
