Nivoda secures $60m financing facility to ease jewellery retailers’ working capital crunch

Nivoda, Market P2B Diamond and Gemstone, received a $ 60 million financing facility from the i80 to provide guaranteed commercial credit for jewelry retailers in more than 70 countries.

The deal deals with the decisive shortage of capital working in the diamond industry after the traditional lenders of this sector retreated, leaving young and medium retailers who are struggling to finance inventory purchases.

For more than a decade, the industry faced a liquidity crisis as banks have reduced the financing of diamonds. At the same time, the demand for personal and designated jewelry has increased, which increased the need for smaller jewelry to access various suppliers without restrictions restricted cash flow.

The Nivoda platform, which was established in 2017, enables retailers from the source of diamonds and gemstones from many international suppliers in one deal, offering 2.5 million approved stone, laboratory implanted diamonds, demand -made jewelry, and integrated logistics. The new facility will expand the financing options through the jewelry supply chain, and it exceeds the diamonds to the broader jewelry ecosystem.

Since its launch, Nivoda has achieved a sustainable three -numbers growth on an annual basis, providing millions of stones and jewelry around the world in less than a few hours. Its customers include online brands, bricks and curtains such as Taylor & Hart, Melanie Casey and flawless luxury jewelry.

The CEO and founder David Soton said that funding will allow the company to reshape how retail traders reach the capital: “While traditional lenders have reduced their exposure to diamond trade, this agreement allows us to work with an institutional lender that corresponds to funding with real trading flows and the buyer’s participation. It gives miserable flexibility in growth without cash flow.”

Through Nivoda Capital, the company provides integrated payment conditions of 30, 60 or 90 days, allowing jewelry to liberalize working capital, seasonal management and matching production tables.

“The credit line in Nivoda has eliminated the cash flow and made it easy to secure the inventory I need, exactly when I need it. This freedom has helped me grow faster and focus on closing sales,” said OakMont Jewelers Austin Cordel.

Edward Goldstein, Managing Director of the i80, said:

Its headquarters is located in London and New York, where he is now employing employees in more than 25 countries including India, South Africa, Hong Kong and Dubai. The company raised $ 96 million in shares so far, including a $ 51 million tour led by North Boss, and continues to expand as one of the most important factors in diamond and jewelry trade.