As the year has progressed, AGC has been working hard on the investment pipeline and have completed a number of investments. One of their new partners is based in Czechia.
London, 30 September 2022 — Advance Global Capital is proud to announce its new partnership with 4Trans based in Czechia. This is AGC’s first partner in the Czechia as the company looks to geographically diversify their investment portfolio even further. 4Trans is a company specialising in financial products for supply chain and logistics companies that was founded in 2018.
The logistics and transport sector is one of the most important industries in Czechia. The small, independent drivers which dominate the industry ensure that food and essential goods reach clients on time. Similar to other industries, these small businesses struggle to receive working capital as they do not often have access to services offered by banks or other credit institutions. As such, the capital AGC provides, coupled with support provided by 4Trans, is enormously important to these businesses which are often family-run. One of 4Trans’ clients, noted, “4Trans has pleasant customer service, quick payments, with no hidden fees. [They provide] the right help just when it is most needed. Now we are not afraid to develop our business further”. 4Trans will use the debt funding to support the working capital needs of small and medium sized businesses in the region. This further supports AGC’s mission of creating demonstrable impact with fair access to finance for SMEs.
Jaroslav Ton, CEO of 4Trans, said: “The supply chain crisis alongside political and economic uncertainty has led to a huge increase in delays to invoices being paid. This has put considerable financial pressure on Europe’s small and medium sized hauliers. Unfortunately, most traditional financial institutions simply do not cater to this group and those that do take too long to provide financing or require very large invoices. We’ve created a range of solutions that give the small and independent entrepreneurs within the European supply chain the protection they need and deserve”.
Hendrik van Deventer, Co-CEO of Advance Global Capital Ltd, said: “We are delighted to support 4Trans with our debt financing. Their solution is vital in supporting SMEs in the region and helps us to further the impact we can achieve in line with our mission.”
About Advance Global Capital
Advance Global Capital, a global impact investment management company, believes that private capital, when invested well, can be a force for good. AGC works with investors who want measurable, positive impact that aligns with their values alongside good financial returns.
AGC’s flagship fund puts capital to work in underserved communities worldwide by financing small and medium businesses (SMEs) that lack sufficient access to credit and need it to thrive. Our investments deliver tailored financing to partners, and flexible working capital to SMEs, especially those owned by women, so they can grow and continue positively impacting their local economies.