Win win for both11 Jan 2021 11:10
Commenting on the new alliance, Supply@ME Capital plc Chief Executive, Alessandro Zamboni said: "The signing of this agreement is an important milestone in the Company's development within the wider META geography and is further proof of the scalability of SYME's business model; it also re-affirms the importance of the Platform in supporting the working capital needs of Companies and their supply chain partners, helping to optimise days in inventory[2] even given the current unprecedented global economic challenges.
"This agreement moves SYME a step closer towards its goal of becoming a global inventory monetisation provider. Our partner, LFS, is recognised as market leader in its industry and provides expertise across a qualified network in the META region, a strong base to foster our inventory monetisation Platform. We are delighted to be working closely with them".
John Knibbs, Managing Director of LFS, added: "This agreement demonstrates our commitment to providing our customers the widest vendor funding experience possible and we believe that it will allow us to enhance our existing offerings to meet the ever-changing needs of our customers without placing debt on their balance sheet".
What don't people get? Both are in finance funding (, but work differently, ones a lender and we all understand what SYME does) and they will compliment each other very well, another WIN WIN.
Well dome Team SYME.
Some are very short sighted here.
Enjoy the day all.
Deepi