Clarity Capital Finance, a multi seller trade receivables finance platform created to finance mid-size diamond dealers based in Antwerp, has fully kickstarted its operations in the city and welcomed the first client.
According to the press service of the Antwerp World Diamond Centre (AWDC), the company can provide diamantaires with a custom-made alternative to banks, fostering financial innovation and discipline with its next generation finance solutions.
Gert Ovart, one of the founders of Clarity Capital, and an Antwerp industry veteran with 20+ years’ experience in financing the diamond trade, said: “In the past 12 months, we have worked hard on finetuning and optimizing our business model in close collaboration with our funding partners. Our boutique approach allows us to provide tailor-made financing solutions for mid-sized players in the industry, and the appetite is there.”
Ari Epstein, CEO of AWDC, noted: “AWDC decided early on, when Clarity was still in its infancy, to fully support and facilitate Clarity’s ambitious project by any means possible and to help where we can to see this initiative come to fruition. I am extremely happy to see our joint efforts are now leading to tangible results, with Clarity Capital Finance achieving this important milestone. This demonstrates how innovation is boosting sustainable growth for industry players, benefitting the Antwerp diamond ecosystem greatly.”
Theodor Lisovoy, Editor in Chief of the European bureau, Rough&Polished
