GSCF Acquires IBM Deutschland Kreditbank GmbH

Extends Connected Capital Ecosystem of Corporates and Bank Partners for Coverage Across the EU

NEW YORK, Jan. 7, 2025 /PRNewswire/ -- GSCF, a leading global provider of working capital solutions, today announced the acquisition of IBM Deutschland Kreditbank GmbH to enhance its Connected Capital capabilities under the new brand GSCF Working Capital Bank GmbH.

This strategic move strengthens GSCF's position as a global leader in working capital optimization and empowers the Company to deliver additional value to its clients and funding partners. GSCF Working Capital Bank is licensed by the European Central Bank to provide flexible capital solutions throughout the EU, supported through GSCF's best-in-class servicing platform.

By operating with a banking license, GSCF can unlock additional partnership opportunities for banks and asset managers and provide enhanced services to corporate customers with specific needs requiring access to alternative capital.

Benefits to Banks & Asset Managers:

• Broadened Market Reach: Enhanced capability to fund working capital solutions across the EU by leveraging GSCF's banking license and managed services.
• Strengthened Partnerships: Increased potential to collaborate with corporate clients and other financial institutions to address liquidity needs.
• Enhanced Product Offerings: Flexibility to offer a wider range of working capital products and services.
• New Revenue Opportunities: Potential to tap additional revenue streams by offering innovative financing solutions.

Benefits to Corporates:

• Expanded Regional Footprint: Support for seamless cross-border transactions in the EU without the complexity of accessing or managing a banking license.
• Flexible Access to Capital: Ability to leverage GSCF's unique operating capabilities which combine the speed and agility of alternative capital with the proven regulatory and support functions of a bank.
• Tailored Solutions: Access to customized working capital solutions geared to meeting specific business needs in the EU.
• Streamlined Operations: Automation and full transparency into working capital processes, resulting in added operational efficiency, increased liquidity, and improved cash flow.

"By completing this strategic acquisition, we have further positioned GSCF to redefine the future of working capital. With GSCF Working Capital Bank, we will offer our clients a more comprehensive suite of Connected Capital solutions to support a financial ecosystem that more seamlessly integrates alternative capital and bank financing," said Doug Morgan, GSCF's Chief Executive Officer.

Visit www.gscf.com to learn more.