Reminder of the ground breaking news 1 week ago. AGM will be enlightening20 Jun 2023 09:38
We are thrilled to announce that Supply@ME has secured a binding commitment by an institutional investor to invest in the first UK Inventory Monetisation transaction deal, which will be used to monetise up to £1.8m of warehoused goods of a UK business which provides technology and parts to the global marine industry.
Alessandro Zamboni, CEO of Supply@ME, said: "Supply@Me’s innovative platform solves a longstanding problem for UK businesses and will enable them to unlock capital trapped in unsold inventory. Financial institutions have, typically, been reluctant to lend against only inventory. This has meant that the funding available to manufacturing and wholesale businesses has been limited, comes with excessive covenants or is often costly to obtain and linked to an overall working capital facility.
“Supply@ME is providing a means for businesses to improve their capital positions by providing access to funding based exclusively on the value of their inventory. In turn, businesses can deploy these funds to facilitate growth. Our first inventory monetisation in the UK opens our platform to British businesses across the country and we are looking forward to working with them to help them realise their full potential.”
https://lnkd.in/eFsTYtGC
#inventorymonetisation #inventorysolutions #supplychain
UKs very 1st ever traditionally funded IM 👏🏼👏🏼👏🏼 another ground breaking moment for supply@me and a UK company benefitting from increased cash flow without incurring a debt on balance sheet and all associated costs fully tax deductible - wow
Very well done to all at team syme
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