Bibby Financial Services announces a successful partnership with Business World International, a Canadian-based global business-to-business publishing company with operations in North America, Australia, Africa and Asia. With funding from Bibby Financial Services, the company expanded its footprint to four continents, most recently opening an Asian business unit.
The publishing company first engaged with Bibby Financial Services Australia to help fund its Australian division and secured a factoring facility. As the company grew its revenue stream, Bibby Financial Services increased the facility.
Since engaging with Bibby Financial Services, Business World International has grown revenue by almost 60 percent and nearly tripled its employee base. The funding also afforded Business World International the opportunity to buy out its North American partner and relocate all North American operations to its Canadian office.
“We owe a great deal of our success to Bibby Financial Services and its flexible funding solutions,” says Taz Malik, Business World International CEO. “The flexibility offered, along with the money saved in back office operations, afforded us the opportunity to ramp up sales efforts and expand our business exponentially. We consider Bibby Financial Services a true business partner.”
Business World International engaged Bibby Financial Services North America as a partner in funding its Canadian operations earlier this year and plans to continue working with the company globally, with the potential to open a factoring facility with Bibby Financial Services Asia in the near future.
“It is imperative that international businesses have a financing partner that can provide them with the capital needed to support operations across the globe,” says Leigh Lones, CEO of Bibby Financial Services, Americas. “Because of our global reach, we can offer customers flexible funding solutions tailored to their specific needs, worldwide.”
Bibby Financial Services, a worldwide market leader in business cash flow solutions, supports businesses of all sizes with flexible, customized financing solutions. With its asset-based lending and factoring products, the company provides clients access to the working capital needed to grow and support their businesses. Bibby Financial Services is proud to have helped more than 8,900 clients grow their businesses by providing nearly $1 billion in funding across the globe. It operates offices in seven North American cities and 16 countries. Bibby Financial Services is a subsidiary of The Bibby Line Group, a privately held company established in the United Kingdom in 1807.