(Alliance News) - Supply@Me Capital PLC on Tuesday celebrated progress towards a strategic alliance with p-Chip Corp, after signing a memorandum of understanding with the firm.
Supply@Me Capital is a London-based fintech firm providing inventory monetisation solutions, while p-Chip is an identity solutions firm based in Chicago.
According to Supply@Me, the agreement envisages the integration of p-Chip's indexing platform with SYME processes and systems; and the development of several use cases, pilot programmes and go-to-market strategies.
"We are delighted to partner with p-Chip and its unprecedented technology. It's great to see their first adoption also in the agri-food industry, considering the important funding commitment recently announced by the first Italian banking group to provide support to such supply chains," said Chief Executive Officer Alessandro Zamboni.
Supply@Me Capital shares closed 0.8% lower at 0.018 pence each in London on Tuesday.
By Holly Beveridge, Alliance News reporter
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Supply@me Cap (SYME)