Apollo Scaling Back Services at Invoice Finance Company Eliant

Apollo Global Management, in collaboration with insurance company Athene and French bank BNP Paribas, has initiated the closure of certain divisions within its Eliant Trade Finance platform. Bloomberg News reported this decision following a challenging year for the inventory financing market. According to sources, Eliant will be discontinuing services targeting mid-market accounts receivable and supply-chain finance, which account for less than 10% of the company's total assets.

The companies behind Eliant launched the platform in 2022, positioning it as a solution for businesses seeking flexible inventory and trade finance options to optimize their supply chains and balance sheets. The trade finance sector has recently come under increased scrutiny due to a series of significant failures, such as that of First Brands last year.

Experts suggest that trade finance is grappling with a paradox, as there is a surplus of goods to trade, but securing safe financing for these goods is becoming increasingly difficult. The report also highlights the growing role of FinTechs in the cross-border commerce marketplace, with 36% of US small to medium-sized businesses planning to use them for cross-border purchases this year, up from 30% in 2025.