TradePlus24

TP24 operates in the specialized finance sector, offering a core product named CreditLine. This service provides SMEs with revolving credit lines ranging from approximately £250,000 to £5 million, secured against their trade receivables. A key feature of the model is its dynamic nature; as a business's receivables grow, so can its credit line. The company makes money by providing these credit facilities. Unlike many traditional lenders, TP24's model does not typically require property as collateral. Its system is designed for minimal administrative burden, integrating with the client's existing accounting software for automated updates.

The firm's business model is built on securitizing and insuring pools of SME accounts receivables, a structure that mitigates risk for its funders and allows TP24 to offer competitive rates. This approach enables the financing of both domestic and international receivables. The company targets a specific niche, providing loan sizes often too large for alternative lenders (who may cap at $250,000) and too small for traditional banks to structure without property security (often for facilities under $5 million). Since its inception, TP24 has embarked on a significant international expansion, backed by investors such as Credit Suisse, SIX Group, and Berliner Volksbank Ventures. The company established its Asia-Pacific headquarters in Melbourne, Australia, in 2019 and has since launched operations in the Netherlands and the United Kingdom.