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Supply@Me Capital PLC - fintech company providing monetisation service - Notes SYME platform is progressing, with first open funding transaction in final phase. Completion expect by end of 2020.
Gross origination ended November at EUR1.9 billion, versus EUR1.22 billion at the end of March. Number of clients grows to 152 from 82 over the same period.
"We are very pleased with the progress made across all funding fronts over the past month. The securitisation issuance is now in its final phase with many of the key processes either completed or in their final stages and I look forward to announcing its closing. Furthermore, working closely with the global asset management industry, the Captive Bank project will provide an additional boost to our business by supporting the inventory monetisation of our growing client portfolio," Chief Executive Alessandro Zamboni adds.
Current stock price: 0.37 pence
Year-to-date change: down 66% since late March
By Paul McGowan; paulmcgowan@alliancenews.com
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