AMWatch

Danish invoice trading fund plans to grow to institutional proportions

With the cash flow revolution picking up speed, a former senior portfolio manager from PensionDanmark has got in on the action by running a young invoice trading fund. Josephine Cetti gives AMWatch the lowdown on a vehicle that gives instant liquidity to creditors — and a stable return to investors.

Josephine Cetti runs Denmark's only invoice fund.

Huge amounts of data, platform solutions built by adept IT programmers and a gap in the market between small to medium sized firms and their banks — it is all part of a day’s work at the Invoice One fund in Copenhagen.

From the very first time an invoice was folded into an envelope, long payment periods have been problematic for creditors. Waiting for the money creates cash flow issues, planning challenges and headaches around the globe.

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