IBSFINtech India Announces 1st International Client Acquisition –Swiss-Based IMR Metallurgical AG

IBSFINtech India, a leading provider of comprehensive, innovative & integrated Corporate Treasury Management solutions announces its first international client acquisition Swiss trading company IMR Metallurgical Resources for efficient management of their treasury operations.

Swiss trading company, IMR Metallurgical Resources AG (IMR) is an international trading company based in Switzerland involved in the global trading, marketing and financing of a wide variety of bulk commodities like steam and coking coals, iron ore, chrome ore, and iron and steel products.

Sharing more on the international expansion, the company is achieving exponential growth on year on year basis. To further fuel the growth, the company is expanding operations in Europe, APAC, MENA, and US region, with plans to have local presence across the globe by 2020. With this first international deal, the company is setting foot in the global market in this FY and expects to generate revenue of at least 1Mn USD from foreign exchange in this year.

The company takes pride in being an only Indian company to offer Comprehensive Treasury and Trade Finance Solutions which is otherwise dominated by globally established players.

It manages more than $20BN treasury market in India. IBSFINtech also offers trade finance product for corporates where it helps manage foreign currency risks, commodity trading risks and optimise returns on investments. It also manages letter of credit, and bank guarantees for importers and exporters. Most importantly it is sector-agnostic, having proven its mettle time and again with successful implementations at corporates across verticals. 

According to McKinsey, the market potential of corporate treasury, B2B payments and cash flows is $135 trillion globally. Organisations across the globe are increasingly looking for an accurate measurement of risk and incorporating automation as an inherent process in treasury management.

IBSFINtech’s MD &CEO, C M Grover, exuberantly shared his thoughts on winning the first international contract, “We are glad that IMR selected our product and gave us the opportunity to enable treasury automation for their esteemed organization. With this deal, we have kick-started our journey for taking our product global.”

He further adds, “In next few years, we foresee IBSFINtech as leading the FinTech industry, with core focus on Integrated Treasury & Trade Finance Management solutions, in India as well as globally!”