Tungsten’s Three-Headed Funding Model Eliminates Hassle for Suppliers of Large Corporations [PRO]
Tungsten was set up pure and simple to use technology to change and shape the way suppliers of large corporations access financing. Their slogan is a “Secure, Smart, Fast” solution for suppliers to get early payment. By the summer, Tungsten expects to have the financing capability in a fully compliant and regulated way across Europe and the U.S. The goal and journey is to build out globally. David Gustin recently spoke with Tungsten’s Phil Ashdown. Phil has a deep background in lending and finance. Between 1998 and 2006 he built and ran a leverage finance business and then set up a distressed credit business at a hedge fund based in London and New York. Read on for the interview, as well as our recommendations to those considering supplier networks with financing.