Sector solution: Woodsford RxBridge Pharmacy Finance

Building a fintech solution for the 21st Century

Seb Miles, Managing Director of Woodsford RxBridge, explains how Woodsford TradeBridge built a unique funding solution for the independent pharmacy sector.

To download the Woodsford RxBridge case study click here

Building a funding platform to support growth in the pharmacy sector – case study

 

The Challenge

In early 2016, the Woodsford TradeBridge leadership team, led by Chairman Olivier Bonavero and CEO Mark Coxhead, identified a clear market opportunity to create a technology-powered funding solution for independent pharmacies and pharmacy groups.

 

More than £20m in funding – and increasing year on year

“ Under Seb’s leadership, and with his significant understanding of how the pharmacy and healthcare sector is funded, the quantum of Woodsford RxBridge funds out has increased to £20m over a staggeringly short period of time.”

Mark Coxhead,  CEO,  Woodsford TradeBridge

 

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Client: Abbey Pharmacy

Woodsford RxBridge provides Abbey Pharmacy with flexible pharmacy finance

To download the Abbey Pharmacy case study click here

About Abbey Pharmacy

Gavin Gould is the owner of Abbey Pharmacy in Bangor, Northern Ireland, a modern pharmacy built on traditional foundations. Originally set up by his father, this established pharmacy has grown and developed over recent decades providing family care for its local population. A working capital finance facility from Woodsford RxBridge has recently helped bring the pharmacy into the modern era to ensure its continued success for decades to come.

 

Why Woodsford RxBridge pharmacy finance?

Woodsford RxBridge provided Abbey Pharmacy with a working capital finance facility that allowed them to complete the redevelopment of the pharmacy, to purchase a new pill pouch machine and drive new revenue streams.

With no restrictions on use and the highest quantum in the market, Woodsford RxBridge prescription finance delivers rapid working capital to help pharmacies embrace new opportunities.

 

To find out more about how Woodsford RxBridge supported Abbey Pharmacy, download the full case study:

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Client: High-growth fashion marketplace

A finance solution for marketplaces

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A perfectly tailored lending solution – case study

 

Who are the client?

“Our client is a high-end fashion marketplace that “empowers individuals to embrace who they are”.

Working closely with them, we developed an innovative finance solution specifically tailored to their unique business model.

Fast forward to today, our client has seen exponential growth, is listed on the New York Stock Exchange and operates on a global scale.”

 

Why Woodsford TradeBridge?

“Woodsford TradeBridge worked in partnership with this eCommerce client to provide an exclusive vendor finance product, designed specifically for their sector.

Offering vendors a bespoke, branded finance solution not only supports our client’s own growth ambitions, but it can also help ensure that the best merchants choose their marketplace over competitors.”

 

What’s their biggest challenge?

“Our client has two main challenges. The first is sourcing new merchants. The second is strengthening the relationship with existing merchants, by facilitating their growth through the marketplace.

A Woodford TradeBridge finance solution can help support both these objectives.

For more information on how Woodford TradeBridge supports this fashion marketplace, download the full case study:

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Client: Raysan Direct

A finance solution for eCommerce marketplace sellers

To download the full case study click here

A flexible solution for any seller operating on a marketplace – case study

 

Who are Raysan Direct?

“Raysan Direct is a specialist IT distribution and consulting business that uses marketplaces as a primary distribution channel.

After joining Newegg, we saw record sales allowing both us and Newegg to grow our GMV (Gross Merchandise Value).”

 

Why Woodsford TradeBridge?

“Our Woodsford TradeBridge facility allows us to continue to meet demand whilst we wait for sales payments to be released.

We have the funds available upfront to capitalise on good deals from our suppliers, and importantly to never run out of stock.”

 

What’s your biggest challenge?

“We are heavily reliant on spotting an opportunity with a distributor to buy a popular product at a discount, and to undercut the same product on other marketplaces.

To do this quickly, we needed immediate access to working capital – which the Woodsford TradeBridge facility offers.”

 

For more information on how Woodford TradeBridge supports Raysan Direct, download the full case study:

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Client: Homecare Pharmacy Services

Woodsford RxBridge provides Homecare Pharmacy Services with flexible pharmacy finance

To download the Homecare Pharmacy Services case study, click here.

About Homecare Pharmacy Services

Pharmacist Jason Baskind understands the importance of getting the vaccination programme out to the public.
His personal experience with the cruelties of the Coronavirus motivated him to open up a pop-up vaccination site.

Having lost his mother to COVID-19 very early in March 2020, Baskind was was keen to start vaccinating the general public as soon as possible. Towards the end of last year, as news started to flood in that vaccines were being approved for use, he seized the opportunity to play an active part.

“I can say with absolute confidence that for every person we’ve vaccinated it’s been a wonderful feeling.”

 

Why Woodsford RxBridge pharmacy finance?

Woodsford RxBridge provided Homecare Pharmacy Services with a working capital finance facility which enabled them to create the pop-up COVID-19 vaccination centre, allowing 1500 people per day to be vaccinated.

Woodsford RxBridge provides a flexible and fast working capital solution that allows you to draw down funds only when you choose to.

For pharmacists that wish to be able to respond quickly to their market, supplementing NHS funding with cash or a working capital facility, will give you the freedom to evolve, to grow, and to help your local community.

To find out more about how Woodsford RxBridge supported Homecare Pharmacy Services, download the full case study:

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