SYME - Beautiful IM Complete RNS!!13 Sep 2022 23:15
Exact words from RNS…ignore the trolls!!
The total expected average annual fees to be invoiced by the Company's fully owned subsidiaries, as detailed above, over the duration of this specific transaction, equates to approximately 3% of the gross value of the inventory to be monetised by the StockCo. This is the upper range the Company expected could be achievable for the "Captive" Platform servicing fees as set out in the revenue model previously disclosed by the Company.
In parallel, the Company is working on multiple further inventory funding streams in order to arrange and deploy new IM transactions, leveraging the traditional funding routes. Further updates will be made in due course regarding SYME's white label proposition.
Alessandro Zamboni, CEO of SYME, said: "We are delighted to have completed our inaugural IM transaction, supporting our Client Company in this new phase of just-in-case inventory management strategies. The technical innovation at the heart of our service is truly unique within the market. "
"We are well aware that, given the complexity of our model, it has taken more time than expected for the first IM transaction to be executed, but this will now help traditional Inventory Funders to understand, in detail, the features of the model and fully recognise its feasibility and viability. Thanks to the successful completion of this first IM transaction, we further expect the opportunity to co-design new self-funding and white-label solutions, together with the financial services industry. "
"The involvement of VeChain, an organisation that is renowned in the sustainability and supply chain sector, will boost the confidence of traditional Inventory Funders in using blockchain solutions on real business cases. It will also build the foundations for Decentralised Finance protocols combined with our IM service to support the real economy and the global supply chains. "
Sign In
Follow the stocks
