Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Wow news came earlier than i thought 2/3p coming usa news is fantastic
Me again,
Check out Tony Browne's Linked-in page and CV.
I 'get' that America is different, but I'm not sure that someone who self-describes as .."Global trade finance leader, innovator, fanatic and advisor.." has the necessary gravitas or connections.
IMO
ATB
Gotta get back to work.
Will let the hysteria chill out then i'll see you all tonight for some in depth US & Anthony Browne research.
Happy Thursday and god bless these god damn United States of MUUURICA
Great fantastic news. Hopefully a other rns soon with regards to the uk and middle east
Hi IainD,
Useful RNS !
Key bit is .."the number of asset-based lending operators in the region is estimated at 114 according to the Secured Finance Network (formerly the Commercial Finance Association), whereas those lenders offering to finance inventory by purchasing it from suppliers and selling it to buyers (the Supply@Me inventory monetisation "true-sale" model) TOTAL LESS THAN FIVE[ MY CAPS};
SYME will have to show that it's mousetrap is at least as good as - if not better than - the existing five to gain traction in a parochial US market.
If it gets the right local partners/ a few 'corporate scalps' , eg Caterpillar, it might pull it off, IMO
ATB
OH MY GOD BOOOOOOOM
This explains why AZ has been noticeably quiet over the last few weeks...
Almost 3 bagged on this but I think I'm going to see this as a LTH.
Brilliant news! Arrived much earlier than I expected, thanks to all the hard grafters over at SYME!
Here's to a bullish few years ahead :)
Never said it before but.. BOOM!!
1p should be surpassed now, possibly 2p
Never expected a US RNS just yet.
Supply@ME Capital plc, the innovative fintech platform which provides a unique, market leading Inventory Monetisation© service to European manufacturing and trading companies, is pleased to announce that, following a joint market assessment, the Company has signed a strategic agreement with Mr. Anthony Brown and The Trade Advisory to launch the Supply@ME platform in the United States.
The Trade Advisory specialises in facilitating US international trade and finance, bringing together global and local lenders and investment funds, and businesses looking to expand their cross-border activities. It has helped its clients to launch new trade finance products generating hundreds of millions of dollars in additional trade finance revenues.
Anthony Brown, Founder and CEO of The Trade Advisory, has more than thirty years of international supply chain finance experience as a trader, lender, shipper, supply chain and business executive. He pioneered Purchase Order Financing in the US and headed International Factoring for GMAC Commercial Finance (now Ally Financial) where he managed a $700m international factoring business, founded and managed the US international divisions of Bibby Financial Services, First Capital, and Delta Trade Finance, and led Maersk Trade Finance in the U.S. Previously, Mr. Brown managed US International Trade Finance, a predecessor bank of JP Morgan Chase.
Both parties believe that there is a unique opportunity to develop the Supply@ME's Inventory Monetisation service in the United States. In this regard, The Trade Advisory has made the following assessment of the potential of the US market:
· the number of asset-based lending operators in the region is estimated at 114 according to the Secured Finance Network (formerly the Commercial Finance Association), whereas those lenders offering to finance inventory by purchasing it from suppliers and selling it to buyers (the Supply@Me inventory monetisation "true-sale" model) total less than five;
· In August 2020 the US Census Bureau for manufacturing and trade reported that US inventories in that month were approximately $1.9 trillion;
· since no specific statistics are published for inventory-based financing, from the above The Trade Advisory believe a conservative estimate of the inventory finance market in the United States to be in excess of $1 trillion - that is, approximately half of the value of US inventories and less than half of the value of Commercial & Industrial loans (excluding real estate).
This Strategic Agreement is an important step towards the roll-out of Supply@ME's platform in the United States, commencing with an inventory monetisation pilot programme involving manufacturing and retailing client companies from The Trade Advisory's commercial network.
Alessandro Zamboni, SYME Chief Executive, commented, "The United States is an enormous potential market for Supply@ME. Our Platform can play a distinctive role supporting US companie