Providers of industry friendly financing and advisory services
Through its industry-focused institutions the GFG Alliance delivers innovative products and services that help industry grow and flourish.
Wyelands, the Alliance’s financial arm, consists of two banking brands, a financial advisory business, an insurance company and inventory finance services.
Wyelands Bank Plc is an independently owned and managed British bank focused on global trade.
It has been created to help industry grow, to enable businesses to trade more easily around the world, and to create jobs. The bank supports small and medium businesses by providing them with short and medium term financial solutions, filling a vital gap in the market.
Regulated by both the PRA and FCA, the bank is also a provider of competitive retail deposits and savings services.
In addition, recently the GFG Alliance Chairman Sanjeev Gupta agreed to purchase Diamond Bank Plc, which will be separately capitalised and independently managed. On completion, subject to FCA and PRA approval, it will be renamed to British Commonwealth Trade Bank (BCTB).
Trans-World Credit Corporation, a worldwide insurance solutions provider, became part of the Alliance in March 2018. With its broad track record in the provision of insurance services, particularly within the field of political and trade credit underwriting, it is now the lead broker for trade credit risk insurance for members of the GFG Alliance globally and works towards the creation of a captive insurance programme.
At the same time Wyelands also entered into a strategic partnership with Demica, one of the world’s largest working-capital Fintechs. The partnership will combine the GFG Alliance’s extensive trading network relationships and expertise in commodities markets with Demica’s wide range of working capital solutions delivered across its proprietary technology platform with the objective of addressing a significant gap in the market for inventory-led working capital solutions to industrial and trading businesses.