Digital Trade Finance Platform Mitigram Acquires Trade Intelligence Provider eexpand
Mitigram, a global digital trade finance platform, has acquired Export Enterprises SA, known as eexpand, a trade intelligence provider. The acquisition aims to enhance trade finance capabilities for financial institutions and SMEs.
Mitigram, a global platform focused on digital trade finance, announced its acquisition of Export Enterprises SA, which operates under the eexpand brand. Eexpand offers trade intelligence services aimed at banks, corporations, and trade organizations involved in international commerce.
Established in 1989 and based in Paris, France, eexpand currently serves more than 50 financial institutions. Notable clients include Lloyds Bank, Santander, Bank of China, and Royal Bank of Canada. The platform also supports a worldwide network exceeding 700,000 registered businesses.
This move builds upon a prior working relationship between Mitigram and eexpand. The acquisition is expected to significantly bolster Mitigram's offerings in the trade finance sector for both institutional clients and small to medium-sized enterprises.
Following the integration, Mitigram stated it will provide one of the most comprehensive trade finance solutions available, aiming to facilitate international trade through streamlined digital financial services.