Supply@Me Capital PLC - London-based fintech firm providing inventory monetisation solutions - Signs agreement with Societe Financiere Europeenne SA, a Lugano, Italy-based banking group, to jointly deploy an inventory monetisation programme of up to EUR135 million. The programme will be deployed over multiple tranches of around EUR35 million each, and SYME says the funding will be used to finance IM transactions for Italian companies in its pipeline. SYME says the programme is expected to generate revenue equal to approximately 1% to 3% of the gross value of the inventories monetised.
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By Hugh Cameron, Alliance News reporter
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Supply@me Cap (SYME)