Factoring and supply chain financier DS-Concept has opened a new office in Reykjavik, Iceland.

The new branch will target trading companies, seafood and consumer goods industries, it said.

The company will offer credit facilities for Iceland-based companies supplying the United States, Europe and Asia and transacting in dollars, euros and British pounds.

“DS-Concept has been providing financing to the seafood industry for the past 17 years,” said Rene Pastor, president of global commercial at DS-Concept.