Trinios goes one step further in its commitment to SME financing and will have the ASF securitization funda financing vehicle sponsored by Atlax360the company that owns the fintech platform.
The creation of this vehicle responds to Trinios’ objective of making liquidity available to Spanish companies, guaranteeing coverage for their operations and contributing to the diversification and complementarity of their funding sources.
The fund, of a private nature and registered with the CNMV on June 7, has obtained a high credit rating (AA-) and will have EBN Securitization What managing entity of the same. With an estimated size of up to €50 million, it will be used by Atlax 360 as a financing instrument to provide factoring services to SMEs through its Trinios trademark.
Advice from Gómez Acebo and Pombo
The operation has had the legal advice of Gómez Acebo and Pombo, and has been led by the EBN Investment Banking team in the design, insurance and structuring of the fund and the bonds that will be issued according to the financing needs of SMEs.
“This operation will allow Trinios to meet the financing needs of its clients, through its innovative factoring proposal without pre-granted recourse, which allows them to dispose of the money in less than four hours”, explains Santiago Martín, CEO of Atlax 360 and Trinios.
For their part, Silvia Bonales, general director of EBN Titulización and Sergio García Sendón, director of Investment Banking at EBN Banco, state that “This operation fits one hundred percent in EBN Banco’s vocation to support SMEs, considering them a key element of GDP growth and job creation in Spain. If we add the combination of a quality sponsor that is developing a benchmark project within the Fintech sector with a financing vehicle with a solid credit rating, it is guaranteed that the funds reach the business fabric in an efficient and attractive manner”.
