09/24/2014 (press release: ApexPeak) // Singapore, Singapore // media@apexpeak.com
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.
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