Chameleon Art Products is a manufacturer of award-winning, innovative art and craft products. Established in the UK in 2013, Chameleon Art Product’s flagship item is a pen that uses two nibs to produce a gradient-like effect when used. The business exports to a variety of countries around the world, from Ireland to Australia and everywhere in between.
To help the business keep up with increasing global demand for its products, the company sought a funder that could provide a funding solution that would provide overseas payment support and alignment with its US business.
After speaking with Bibby Financial Services (BFS), Chameleon Art Products secured an Export Finance facility, enabling the business to unlock cashflow globally, access a team of currency and language specialists, and focus on international distribution and product development.
Gordon said: “Our business has seen rapid growth in global markets since its inception in 2013. As our goods are manufactured in China and distributed into 80 different countries around the world, chasing payments from international customers became an increasingly time consuming task.
The Export Finance team at BFS has enabled us to relieve the pressure of chasing payments. In-turn, this has allowed us to focus our efforts on our expanding product range. Their ability to provide working capital for our operational base in USD in the US and Sterling for our company in the UK has provided us with an integrated funding solution that really works for us as a global art product supplier.
Additionally, having an existing network of currency, language and legal specialists speeds up our efficiency, which is crucial in our plans to continue to rapidly grow as a business.”