The maker of award-winning innovative art and craft products exports to a large number of countries around the world.

Established in the UK in 2013, Chameleon’s flagship item is a pen that uses two nibs to produce a gradient-like effect when used.

A business with a global remit, Chameleon sought a funder that could structure a flexible financial solution that could provide overseas payment support and alignment with the US business.

Following talks with the corporate team at BFS, Chameleon secured an export finance facility enabling the business to unlock cash flow globally, access a team of currency and language specialists and focus on international distribution and product development.

Gordon Nardini, commercial director at Chameleon Art Products, said: “Our business has seen rapid growth in global markets since its inception in 2013.

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“As our goods are manufactured in China and distributed into 80 different countries around the world, chasing payments from international customers became an increasingly time-consuming task. 

“The export finance team at BFS has enabled us to relieve the pressure of chasing payments.

“In turn, this has allowed us to focus our efforts on our expanding product range.

“Their ability to provide working capital for our operational base in USD in the US and sterling for our company in the UK, has provided us with an integrated funding solution that really works for us as a global art product supplier.

“Having an existing network of currency, language and legal specialists speeds up our efficiency, which is crucial in our plans to continue to rapidly grow as a business.”

Matt Alis, business development manager at Bibby Financial Services, added: “Exporting – particularly to so many different regions – brings a plethora of challenges to any business.

“Chameleon is a dynamic company that has expanded at such a rate, it needs a funding line that is structured to work in-line with the company’s growth.

“We stepped in where traditional lenders didn’t have the cross-border capabilities to advance funding.

“Our global funding capability allowed our export finance specialists in the UK and US to work in tandem to structure a multi-jurisdiction funding line.”