FinTech firm, ApexPeak, finances US$23m deal with S.African fruits exporter

Non-bank capital provider, ApexPeak,  closed a US$23 million export finance deal with South African citrus fruit grower Karu Exporters, a subsidiary of the Bonaire Group. The export finance deal, originated by Aztec Exchange, will see Karu receive monthly disbursements in various currencies (US$, €, ¥ and £) until the end of 2014.

Karu used the early cash advance on their export receivables to purchase the production lease of a farm, renowned for producing large volumes of quality fruit.

News Source: http://www.WiredPRNews.com