Latam Trade Capital, a leading Latin American focused specialty finance company has acquired EuroAmerica Factoring, a leading factoring company in Chile, executing its growth strategy and confirming its commitment to Latin America and the region.Santiago, May 24, 2019  Latam Trade Capital announces its second acquisition, as it continues to grow in Chile and throughout South America.  “EuroAmerica Factoring, a market leading company with a best-in-class executive team, a strong track record of supporting a broad client portfolio, with significant growth potential, is joining Latam Trade Capital” said Carlos Baudrand, CEO of Latam Trade Capital.  “This acquisition is a significant move forward, furthering our strategy to consolidate our presence in Chile and across the region.  The acquisition enhances efficiencies, given minimal client overlap between the companies, enhances our capacity to provide financial support to Chilean companies, and drives immediate growth to maximize value,” continued Mr. Baudrand.While Latin American trade flows were recorded at over US$1 trillion in 2018 - a 9% increase -  the financing gap for SMEs in the region is estimated to surpass US$200 billion, highlighting a steady and unmet capital demand.  With the lending market in Latin America dominated by a concentrated number of commercial banks, as well as stricter lending provisions, regulatory and capital requirements, there is an ever increasing need to fund this shortfall by non-bank financial institutions and specialty finance sources.“The primary goal of Latam Trade Capital” said Mr. Baudrand, “is to develop solutions for our clients by understanding their priorities and providing financial products tailored to their needs.  This acquisition contributes towards that goal, allowing us to more effectively deliver funding solutions to our clients throughout the region as we continue to expand.”Latam Trade Capital addresses this vital market need by providing local currency funding facilities, encompassing working capital, supply chain and trade finance solutions to support exporters, SME’s and local enterprises in Chile, Brazil, and Peru.  The company provides the connective tissue between international capital markets and local capital needs through a unique financing program, driving sustainable growth through large-scale funding, improved risk reduction given increased diversification, enhanced cost reduction, and increased margins.  “Through this unique approach we will continue to provide stable, scalable, flexible capital in our markets to better serve SME’s throughout the region”, said Mr. Baudrand.  “In addition, we will continue to innovate and incorporate new financial products for a wider range of businesses in Latin America,” he said.Latam Trade Capital, through its predecessor companies has 17 years of experience operating in Brazil, Peru and Chile, and has been an innovator in providing Latin American small and medium-sized enterprises with factoring, pre-export finance and trade finance facilities, and has disbursed over US$ 4 billion to borrowers since inception.  Latam Trade Capital has its headquarters based in Santiago with offices in New York, Lima, and Sao Paulo, is a member of the Association of Factoring Companies Chile A.G. and is registered with the Chilean Superintendency of Securities and Insurance.For further information, please contact:Santiago - Carlos Baudrand, CEOp. +56 2 2956-6000 / c.baudrand@latamtradecapital.comLima - Oswaldo Sandoval, Head of Bankingp. +51 1 206-4480 / oswaldo.sandoval@latamtradecapital.com