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Tradewind Finance Provides EUR 2 Million Export Factoring Facility to Eldohm to Support International Growth

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The tailored factoring facility enables Eldohm to offer international customers payment terms of up to 120 days while maintaining the liquidity needed to pay suppliers in China earlier in the trade cycle.

MÖNCHENGLADBACH, Germany, Oct. 23, 2026 /CNW/ — Tradewind Finance has provided a EUR 2 million export factoring facility, available in both euros and US dollars, to the Hong Kong subsidiary of Eldohm, a Netherlands-based international trading company. Arranged in collaboration with CRDT, the facility supports Eldohm’s international growth by providing working capital against outstanding invoices, enabling the company to manage larger orders and pursue further expansion in the United States.

Supporting Growth Across International Trade Flows

For internationally operating trading companies, managing the time between supplier payments and customer collections is a critical working capital challenge. Customers often require extended payment terms, while suppliers need to be paid much earlier in the trade cycle.

Eldohm’s Hong Kong subsidiary manages sourcing, product development and quality control, while the group’s financial administration is handled from the Netherlands. The company offers international customers payment terms of up to 120 days and can pay its suppliers in China earlier in the trade cycle.

As trading volumes grow, so does the amount of working capital required to bridge these payment cycles. This additional financing capacity enables Eldohm to accept larger orders, support growing customer demand and continue expanding its business in the United States.

An Export Factoring Solution Tailored to Eldohm

Tradewind structured the export factoring facility around Eldohm’s international trading operations.

By financing eligible export receivables issued by the Hong Kong entity, Tradewind makes working capital available before customers settle their invoices. This allows Eldohm to meet supplier payment obligations while continuing to offer competitive payment terms to its international customers.

The transaction required experience in international factoring, particularly in financing a Hong Kong entity with concentrated receivables exposure to a US-based buyer. These characteristics had made conventional financing through Dutch providers difficult to arrange.

Tradewind’s international expertise and tailored approach enabled a factoring solution aligned with Eldohm’s actual trade flows and financing requirements.

“Through factoring, we can offer our international customers the extended payment terms they need to manage their cash flow effectively when handling large volumes. At the same time, we can pay our suppliers in China earlier in the trade cycle without our own cash flow limiting growth. This creates financial flexibility on both sides of the supply chain and enables us to grow faster together with our partners,” said Pieter van den Bosch of Eldohm.

CRDT and Tradewind Combine Expertise to Deliver the Facility

The transaction was introduced to Tradewind by CRDT, which already supported Eldohm with credit management services. As Eldohm’s financing requirements developed, CRDT helped identify a financing partner with the international experience needed to support its operations.

For trading companies operating across Europe, Asia and the United States, access to appropriate financing can be complicated by differences in legal jurisdictions, corporate structures and the requirements of domestic financing providers.

CRDT’s understanding of Eldohm’s business, combined with Tradewind’s experience in international factoring, contributed to the development of a financing structure suited to the company’s needs.

“International trade requires expertise and a strong network to tailor supply chain finance to the needs of each business,” said Frans van der Hoorn, Managing Director at CRDT.

International Factoring Expertise Supporting Further Expansion

For Tradewind, the transaction demonstrates the importance of structuring financing around the way companies conduct international business.

With decades of trade finance experience and an international network of local teams, Tradewind supports exporters and importers whose financing needs extend beyond traditional domestic banking structures.

Rather than relying solely on Eldohm’s Dutch operations, Tradewind was able to finance receivables through the company’s Hong Kong subsidiary, supporting trade with a US-based buyer.

“Eldohm’s business demonstrates why export factoring needs to reflect the way goods, invoices and payments move across borders. By financing receivables through its Hong Kong entity, we have structured a facility that supports extended customer payment terms while providing the working capital needed for larger orders and further growth in the United States. Our collaboration with CRDT was instrumental in developing a solution aligned with Eldohm’s business,” said Harry Marchal, VP Sales Europe at Tradewind Finance.

The facility provides Eldohm with additional financing capacity to manage increasing order volumes, maintain supplier payments and pursue further international growth. It illustrates how tailored export factoring can improve cash flow and support companies operating across multiple markets.

To learn how Tradewind’s tailor-made trade finance solutions support international growth, visit www.tradewindfinance.com.

About Tradewind Finance

Founded in 2000, Tradewind Finance maintains a global network of offices including Bangladesh, Bulgaria, China, Hong Kong SAR, Hungary, India, Pakistan, Turkey, UAE, and the USA, alongside its headquarters in Germany. Combining financing, credit protection, and collections into one streamlined offering, Tradewind delivers flexible, best-in-class trade finance solutions to exporters and importers worldwide.

View original content to download multimedia:https://www.prnewswire.com/news-releases/tradewind-finance-provides-eur-2-million-export-factoring-facility-to-eldohm-to-support-international-growth-302917926.html

SOURCE Tradewind Finance

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Club Offers for Travel Enthusiasts in Canada

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TORONTO, Oct 23, 2026 /PRNewswire/ — Travelzoo® (NASDAQ: TZOO), the club for travel enthusiasts, announces three of many new Club Offers for Club Members in Canada.

Rigorously vetted and negotiated for us travel enthusiasts:

$799—COSTA RICA WEEK WITH FLIGHTS & CAR
We think fall is an ideal time to visit Costa Rica; the scenery is lush and the crowds are gone. Drive between volcanic Arenal and the idyllic beaches of Tamarindo on this seven-night trip. Since it’s not as busy, we were able to negotiate a price that saves members up to $648 on departures through mid-December.

$899—BARCELONA: 5 NIGHTS WITH FLIGHTS
Explore Barcelona’s world-class museums and architectural masterpieces in the quieter winter months to pack more into your trip. You won’t waste hours in lines and can access top restaurants that are fully booked in summer. We save $300 on travel this January and February, when temperatures are still spring-like. Roundtrip flights from Toronto, hotel and daily breakfast are included.

$999—ST. KITTS GETAWAY FOR 2, REG. $2083
Most visitors to St. Kitts book months in advance, but when we pointed out that travel enthusiasts are more spontaneous, this resort gave us a terrific rate for stays this November and December. Spend four nights in Frigate Bay and get an upgraded Oceanview room, too.

Are you a travel enthusiast? Join the club today: https://travelzoo.com

Who are we?
We, Travelzoo®, are the club for travel enthusiasts. We reach 30 million travellers. Club Members receive Club Offers negotiated and rigorously vetted by our deal experts around the globe. Our relationships with thousands of top travel companies give us access to irresistible deals. Our club and its benefits are built around the lifestyle of a modern travel enthusiast.

Media Contact: 
Amanda Ieraci – Toronto
+1 437 866 8540
aieraci@travelzoo.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/club-offers-for-travel-enthusiasts-in-canada-302918543.html

SOURCE Travelzoo

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Howard Hughes Holdings Set to Join S&P SmallCap 600

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NEW YORK, Oct. 23, 2026 /PRNewswire/ — Howard Hughes Holdings Inc. (NYSE: HHH) will replace Arcosa Inc. (NYSE: ACA) in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, October 28. S&P 500 constituent CRH plc (NYSE: CRH) has acquired Arcosa in a deal that closed today, October 23.

Following is a summary of the changes that will take place prior to the open of trading on the effective date:

Effective Date

Index Name  

Action

Company Name

Ticker

GICS Sector

October 28, 2026

S&P SmallCap 600

Addition

Howard Hughes Holdings

HHH

Real Estate

October 28, 2026

S&P SmallCap 600

Deletion

Arcosa

ACA

Industrials

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spglobal.com/spdji/en/. 

FOR MORE INFORMATION:

S&P Dow Jones Indices
index_services@spglobal.com

Media Inquiries
spdji.comms@spglobal.com

View original content:https://www.prnewswire.com/news-releases/howard-hughes-holdings-set-to-join-sp-smallcap-600-302918511.html

SOURCE S&P Dow Jones Indices

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Chelsea FC announces multi-year sleeve partnership with Sokin, the business payments and FX platform

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Chelsea FC name fast-growing fintech platform as Principal Partner

LONDON, Oct. 23, 2026 /PRNewswire/ — Chelsea Football Club has today announced a multi-year partnership with Sokin, the embedded finance and payments company used by businesses worldwide. Sokin will be named a Principal Partner and Official Business Payments and FX Partner of Chelsea FC and Chelsea FC Women.

As a Principal Partner, Sokin will be represented on the sleeves of the Chelsea FC men’s, women’s and academy home, away, and third kits from the 2026/27 season.

The partnership brings together two ambitious London-headquartered organisations with worldwide reach – a club with millions of fans across the world and a fintech platform through which businesses move more than $11 billion a year. A club of Chelsea’s scale works in many currencies every day, with partners, competitions and supporters around the world, and needs a financial partner built to handle that.

Sokin gives finance teams business payments, multi-currency accounts, foreign exchange, checkout and treasury in one place, so they spend less time juggling banks and providers and keep more of what they move.

As Official Business Payments and FX Partner, Sokin will simplify how Chelsea FC sends, receives and manages money in the currencies the club operates in.

The Sokin logo will feature on the sleeve of the Chelsea shirt for the first time [when the men’s team host Tottenham Hotspur at Stamford Bridge on Saturday 24th October.]

Jason Gannon, President at Chelsea FC said:

“At Chelsea, we seek to partner with organisations that share our ambition and innovative mindset. Sokin’s expertise in business payments, and their focus on making both simpler for the businesses they serve, makes them a natural fit for the Club. We are pleased to welcome Sokin to the Chelsea family and look forward to working together in the years ahead.”

Vroon Modgill, CEO and founder at Sokin said:

“Chelsea plays on the biggest stage in world football, and its business runs in dozens of currencies. Sokin was built for that with regulated, multi-currency payments and foreign exchange for organisations that operate internationally. We’re proud to be the platform behind the business payments and FX of one of the most iconic teams in football. Sokin’s platform serves businesses in more than 170 countries. We’re thrilled to be partners for the season ahead. An organisation as sophisticated as Chelsea doesn’t leave its finances to chance.”

About Sokin

Sokin is the financial layer global business runs on. Businesses can transact, convert and hold money in 70+ currencies across 170+ countries. Some businesses use Sokin to manage global finance in-house. Others build it into their products to power financial experiences for their customers. Businesses move more than $9 billion a year on licenses Sokin holds in 36+ countries and infrastructure Sokin owns. Founded in 2019, Sokin has raised over $100 million from investors including Morgan Stanley Expansion Capital and Prysm Capital.

About Chelsea Football Club

Chelsea Football Club is one of the biggest, most successful football clubs globally and our men’s team are reigning world champions, having won the four-yearly FIFA Club World Cup in 2025. Our women’s team, Chelsea Women, are also multiple trophy winners.

Founded in 1905, Chelsea is London’s most central football club, based at the iconic 40,000-capacity Stamford Bridge stadium. Nicknamed the Blues, the club lifted the Champions League for the first time in 2012 and domestically has won the Premier League five times, the FA Cup eight times, the Football League Cup five times and the Football League Championship once, in 1955.

The Chelsea Women’s team have enjoyed a huge amount of success and in 2025 won the FA Women’s Super League for a sixth consecutive year and the eighth time overall. The Women’s FA Cup has been won on six occasions. We have also captured the FA Women’s League Cup four times as well as reaching the UEFA Women’s Champions League final in 2021. In two seasons, 2020/21 and 2024/25, a domestic treble of trophies was secured.

The Chelsea Foundation boasts one of the most extensive community initiatives in sport, helping to improve the lives of children and young people all over the world.

Media Contacts:

Taina Biggs
taina.biggs@sokin.com 

Nerissa Chesterfield
nerissa.chesterfield@chelseafc.com 

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/chelsea-fc-announces-multi-year-sleeve-partnership-with-sokin-the-business-payments-and-fx-platform-302918466.html

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