Strong revenue growth, international expansion and breaking into the B2B sector during 2012 pave the way for a successful year ahead
Tinubu Square, the most trusted source of credit risk solutions for trade credit insurers and businesses, has announced gross profit increases of 15% in 2012, a strong start to 2013, and predicts further growth to the end of the year.
Bucking the negative European economic trend, Tinubu has achieved success by looking for growth opportunities overseas and by targeting a new customer sector. In the autumn, the company launched the SaaS platform, Tinubu Risk Management Center for businesses, providing its risk management expertise for corporate organisations. The collaborative, cloud-based platform is already being used to help businesses to manage and control their exposure to credit risk and to secure short-term bank loans. Tinubu RMC is the only platform capable of providing support policy analysis and operational reporting for credit.
Tinubu Square also announced the opening of two offices in Asia. This followed the successful launch of an office in London in 2010 and in Brussels in early 2012, and with new locations in Singapore and Bombay, the company aims to meet the growing needs of Asian organisations.
In addition, Tinubu has supported its international expansion, by hiring 39 new employees.
While over 25% of business failures in Europe being as a direct result of defaults between companies, Tinubu Square believes that the relevance of its products has attracted new customers like Bibby Financial Services, , Alcatel -Lucent and PLB International.
Pierre-Emmanuel Albert, founder and General Manager at Tinubu Square, said: “We have been delighted with our growth in 2012 and the developments that we implemented, plus a strong start to 2013, also put us on a strong footing for further expansion this year. Being able to increase profit, open new offices and provide employment is quite an achievement in these economically challenging times, so we are proud but also keen to maximise on the momentum we have built.”