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Mistergreen,
From the Banco BPM Loan RNS 13.10.22
The Banco BPM Loan is an important building block of SYME's previously announced Capital Enhancement Plan (please refer to the RNS published on 27 April 2022 for further details), representing a key milestone to enhance the Group's capital structure and to secure financing on terms which are considered more favourable to both SYME and its shareholders.
Alessandro Zamboni, CEO of SYME, said, "We are very pleased to secure this loan facility with Banco BPM, which follows the analysis of the GROUP'S BUSINESS PLAN AND PRODUCT SUITE. This is a key development for the business which will help to lower the cost of capital for the Group."
Basically to sum it up, they have seen under the hood and they are happy with SYME. A reason why I think they will be a funding partner, whether White Label or Traditional Financing.
Ex,
This point has been made already. SYME could have launched in Italy and UK but chose not to until PNP in place. The PNP law is so perfect that you could have imagined that Alessandro Zamboni wrote it himself.
Other nations may support ‘Security Interest’ but no doubt would need amendments to suit. I can’t think of nothing better for AZ to do but to prove it works in Italy before quickly scaling. A few tweaks to existing legislation in these nations and it’s off to the races there too.
Shareholders have suffered some pain for this decision but in the long run it will pay off. Not only has our offering become more attractive and secure, the entire Italian Banking System has now been opened up as White Label Options for SYME.
PNP regulation is expected to provide greater opportunities for Italian banks to adopt the Platform for use under white-label agreements and further enhance the security available to the Inventory Funders in traditional IM transactions.
Furthermore, it is expected that the PNP Regulation will create additional opportunities for traditional Inventory Funders to invest in IM transactions in light of the proposed improvements to the legal enforceability of guarantees over the inventory, through the arrangement of self-funding and/or white-label agreements, which leverage the Platform.
WL and Traditional partners could be any of the the below Italian banks linked to SYME
- Banca BPM, provider of recent £1mil loan for SYME to use on platform improvements for White Label
- ICCREA Bank – Added 268 Mil – holding now 594 Mill
- Banco Di Desio – Added 550 Mill – holding now 650 Mill
- Intesa Sanpaolo - funding arranger in MENA Region
- There are others
My hunch is Banca BPM (3rd Largest in Italy) as they have truly seen under the hood of SYME in order to sign off on a £1mil unsecured loan with friendly terms.
I have no doubt that things will start moving fast to get these first traditional transactions over the line following PNP. Much leg work will already be done. Once these go live funding will no longer be an issue, WL Partners are their own funders and it will just be how quickly we can scale across Italy and multiple geographies.
The amazing thing about SYME and it’s re-rate potential is, there is truly no stopping it once it gets going.
Think we are in heading into a special period for the company and the long awaited SP recovery and eventual re-rate which could come fairly fast as the market starts pricing in the companies true potential following a steady volume of new transactions.
We have been here before but this feels different….as pointed out in yesterdays RNS, I think Supply@Me Capital’s Inventory Monetisation Platform is truly “ready to go”.
GLA LTH’s
From Mr Market
#SYME up near 23% on the 1 Day Chart! Signal has been triggered to go Long. Oversold before decent RNS which could be the final starting guns for SP recovery. Nothing can hold @Alessan62698938 & @SupplyMECapital back now. #Fintech #Invest #Nft #cryptomarket #BTC #ether #Vechain
https://twitter.com/marketmaster88/status/1617876207072313350?s=46&t=3bXkSIUj1gEE94o1qVlUew
It’s being valued by the UK Investor base (mostly). London is trying to sell itself as the Fintech capital of the world but in reality Fintech doesn’t get the same investor interest as in America for both Fintech and Pharmaceutical.
Not delivering as per deadlines doesn’t help but in the world of Finance and Law etc things can move very slowly indeed. Deadlines with the best intentions can slip.
We continue to wait…unfortunately.
Morning,
Strange vibe on the board this morning. I see a one or two previously holders selling up and slaying the company. This is unfortunate but we have seen this already with SYME. Previous holders returning to haunt the board with a negative twist on everything. Some are genuine and rightfully hurt at taking a loss. Others who I’ve seen it in other boards try rub it in they would always boast that they just bought again cheaper right …always coincidentally, before the next big rise. All games and part of the process.
What we have to remember is Investing is unfortunately works on a Year time frame, not weeks and months….that’s trading. We are on our 3rd year here invested in a Fintech Startup which is creating a whole new asset class in the world of SME Finance. Unfortunately we have to wait a little longer. It is at the riskier ends of most people’s portfolios but that is will carry the higher rewards if (I personally think when). We also have largely been De-risked with first Transactions.
If there was something negative going on the board has the legal obligation to RNS it immediately. We have built a strong team over the last couple of years and they are all still on board. These are smart well educated people. That says a lot to me. We are also still recruiting.
AZ and Venus still have all their shares and AZ is still majority shareholder. If their holding moves 1% they are obliged to tell us via the TR1 rules.
VeChain have been singing about SYME very loudly also. They are working on a combined Inventory Monetisation 3.0 Platform using SYME.
Funders have seen that this works. BIG 4 Accountants have recognised True Sale and that it can be adopted. They will line up soon enough if they aren’t already.
AZ will get us a good deal, slower than we hoped but he wants the high % on the inventory monetised. Given we are the first to do this and the years in the making, he is right to do so. VeChain have given him a Funding route which shows he is flexible and won’t be bullied by Banks looking after their own interests
Keep the Faith. Our Day Will Come
GLA LTH’s
Good to see my old mate Mr Market is alive with this post
#SYME SP recovery finally starting this week??…let’s start delivering @Alessan62698938!! All those staff and @TradeflowM are hardly doing nothing after all this time!! @vechainofficial 3.0 Platform must be rocking and rolling too! Let’s do this!! #Fintech #Nft #investing
https://twitter.com/marketmaster88/status/1614707304577769474?s=46&t=M1Gxi-B28oXI***xMGVnLg
Fintech Unicorns aren’t built over night…another year of building and getting stronger. We will no doubt get to those levels just slower than maybe AZ had us believe.
Another year of your negative input on a company share board that you are not invested in? Which is weirder?
What an interesting few recent trading days. Huge 1.2 Bill buy one day and 600mill the next. That has not happened EVER! These figures were too big to be traders and it is just not normal PI’s.
Bloomberg screens recently were very bullish with big players ONLY ADDING since we last seen these.
Bank UBS AG – Added 1.35 Bill – holding now 1.56 Bill
Hartford Financial Services – Added 1.3 Bill. Total holding with their partners Omni now 2.6 Bill between them. (Interesting both now carefully sitting under the 3% Threshold which requires a TR1. A nice way to keep the SP low and add before lift-off.
ICCREA Bank – Added 268 Mil – holding now 594 Mill
Banco Di Desio – Added 550 Mill – holding now 650 Mill
There were others who added between 50 – 100 mill new shares each with only minimal sales. Nearly all Nominee accounts for Joe Bloggs PI increased too.
Something is afoot in my opinion and I believe we now have a very strong shareholder base for the exciting journey ahead of us. It has been tough at times, but many have loaded up at lower levels and ready for AZ to finally deliver an all singing and dancing RNS, Funders, New Clients, New Revenue streams.
Remember “Under Promise, Over Deliver”. Up next in terms of news we have;
- Possible New TR1
-VeChain £50Mil worth Transactions - big jump from 10mil.
- VeChain Platform Launch – Opening SYME funding and investing up to a whole new army of new investors.
- Traditional Funding Route Launch – Servicing of existing Client Pipeline and proof that this is still increasing and doubling previously in only a few months.
Finally, have the big players finally decided to let rip and ride the SYME rollercoaster to new higher levels and buy as many as they can before AZ releases the Kracken? Maybe many have had their fill and no longer patient and was to see their massive holdings multiply and are buying more now before the herds arrive which I am still in no doubt will.
Good Luck All LTHs!!
Richard you are always negative.
Read the Banks Web3 article and read SYME‘s recent RNS! All looks very encouraging.
Let a little positivity into your life, it will do you a world of good.
https://elevate.bain.com/Article/Redirect/328c4572-8848-4ab4-9565-1291d2d8501c?uc=34798&g=0cd6d1ce-377a-475c-9f2d-c1ec80b719ae&f=86579
This is a very interesting read. Seems like Banks are playing catch-up and are afraid Fintech companies will leave them behind or in a much diminished role. They will need partner or White Label companies with companies like Supply@Me Capital to keep ahead of competitors more willing to adapt to changing times and technological advancements.
Supply@me #SYME are ahead of the game. We could be onto something very special here. Patience is key for maximum rewards. Be interesting to see this Italian Legislation mentioned in the RNS’s and other posts. This is meant to be announced before year end and opens the doors to White Label Partnerships which we know are very close. My guess is Banca BPM (our loan partner) and maybe UBS (huge shareholder)
There are other Italian banks such as BCC Banca Iccrea and Banco Desio adding considerably to their SYME holding as shown on recent Bloomberg screens so all very interesting.
Following 80+ interviews for this paper, I can confirm banks are adopting #web3 technologies because 60% of senior executives at financial institutions believe web3 will disrupt them. As a result, they are not sitting idly by while this happens. Read the paper for more insight on the state of web3 in banking going into 2023
Banks seemed to be accepting that #web3 is the way forward and they need to adopt or get left behind. One company pressing ahead with it’s ambitions and use of Web3 is Inventory Monetisation specialists Supply@ME Capital plc.
Supply@ME Capital plc have already completed Phase One of it’s Inventory Monetisation offering thanks to their partnership with VeChain Foundation. This was the successful completion of it’s inaugural transaction which the company was pleased to confirm continues to produce the expected returns for both #SYME and the Stock Company, with no foreseeable operational issues.
Phase Two involves the creation of an "Inventory Monetisation Platform 3.0" with an expected roadmap of Web3 features, including the issuance of NFTs, digital ownership and business-to-business (B2B) marketplaces, decentralised finance ("DeFi") and, overall, a governance protocol.
Phase Two comprises:
- the assessment of an innovative process designed to link digital assets to the real economy. The Company is working with VeChain to improve automation between the Platform and the VeChainThor blockchain services;
- the opportunity to involve multiple liquidity providers to deploy new IM transactions (crypto asset managers and direct investors through liquidity pools partnerships). In this regard, SYME is compiling, from its global pipeline, a portfolio of potential Client Companies up to approximately US$50 million of inventory to be monetised, reflecting the commitment budgeted by VeChain and, the opportunity to raise additional capital from the VeChain community and other crypto/ digital assets investors. SYME has also approached the market-leading Centrifuge and MakerDAO communities to explore potential funding of IM transactions through the Centrifuge protocol and to access liquidity through DeFi; and
- the creation of a governance protocol. The Company produced, with the support of its blockchain advisers, a strategic paper regarding the launch of governance and utility token which is expected to boost the investments into IM transactions performed via the Web3 route.
SYME and VeChain intend to make further announcements regarding the progress of Phase Two in due course.
https://www.linkedin.com/posts/fintech-investor_web3-experiments-start-to-take-hold-in-banking-activity-7013344566850244608-IMHI?utm_source=share&utm_medium=member_ios
From Mr Market
#SYME Investors need to remember this. @Vechain is only 1 Funding Route. We have other funders. @Alessan62698938 will tell us once NDA’s etc are removed and we have a stable ecosystem up and running. #nft #invest #Fintech #Blockchain
A very important 1st IM for #SYME & its Inventory Monetisation #Fintech Platform was achieved in Oct. We haven’t just partnered with #Vechain ecosystem. We have other funders, other investors. Long list of clients and and our own Global Inventory fund & will attract more.
https://twitter.com/marketmaster88/status/1606635409277980672?s=46&t=25cjx03Ks9nwluUcBfWLaQ
From Linkedin
Another useful tool I use when choosing companies to invest in is the checking of company credit reports and ratings. This is useful for those companies some may see as higher risk due to being newly formed with no historic accounting history. Higher risk has the added bonus of higher rewards if done right.
If you are invested in a startup, then above checks of credit reports and tracking changes can help gauge whether a company has increasing revenues being generated or on the flip side are struggling financially.
For instance, my Nr. 1 Fintech Investment Supply@ME Capital plc‘s credit rating has jumped up from an international rating of C to B over a relatively short period of time. This has allowed the company to move away from CLN’s and dilution normally associated with startups and access traditional funding streams. The company recently accessed a €1 Mill unsecured loan from major Italian bank BancoBPM.
This moves the company from a moderate to low risk rating. This shows that things must be improving substantially behind the scenes in terms of revenues and a reason for shareholders to be very positive. Increasing recruitment and the hiring of new staff backs up this belief.
Full transparacy and disclosure of revenues, and/or forecast of future revenues is when the market truly starts taking a company seriously and the share price starts to move higher.
#SYME investors feel like we are close to being given some good news regards new revenues and funders. Maybe a nice early Christmas gift
https://www.linkedin.com/posts/fintech-investor_syme-accounting-startup-activity-7008573624932573184-aZKf?utm_source=share&utm_medium=member_desktop
From Mr Market
#SYME working alongside @vechainofficial to launch a “governance and utility token which is expected to boost the investments into IM transactions performed via the Web3 route”. This is a bonus funding route but arguably the most exciting with as opens the door to a vast market.
https://twitter.com/MarketMaster88/status/1605851916663136260?s=20&t=TTfSnto5ymbceiKvV66a5w
What an interesting few days. Huge 1.2 Bill buy yesterday and 600mill today. That has not happened EVER! These figures were too big to be traders and it is just not normal PI’s.
Bloomberg screens recently were very bullish with big players ONLY ADDING since we last seen these.
Bank UBS AG – Added 1.35 Bill – holding now 1.56 Bill
Hartford Financial Services – Added 1.3 Bill. Total holding with their partners Omni now 2.6 Bill between them. (Interesting both now carefully sitting under the 3% Threshold which requires a TR1. A nice way to keep the SP low and add before lift-off.
ICCREA Bank – Added 268 Mil – holding now 594 Mill
Banco Di Desio – Added 550 Mill – holding now 650 Mill
There were others who added between 50 – 100 mill new shares each with only minimal sales. Nearly all Nominee accounts for Joe Bloggs PI increased too.
Something is afoot in my opinion and I believe we now have a very strong shareholder base for the exciting journey ahead of us. It has been tough at times, but many have loaded up at lower levels and ready for AZ to finally deliver an all singing and dancing RNS, Funders, New Clients, New Revenue streams.
Remember “Under Promise, Over Deliver”. Up next in terms of news we have;
- Possible New TR1
-VeChain £50Mil worth Transactions - big jump from 10mil.
- VeChain Platform Launch – Opening SYME funding and investing up to a whole new army of new investors.
- Traditional Funding Route Launch – Servicing of existing Client Pipeline and proof that this is still increasing and doubling previously in only a few months.
Finally, have the big players finally decided to let rip and ride the SYME rollercoaster to new higher levels and buy as many as they can before AZ releases the Kracken? Maybe many have had their fill and no longer patient and was to see their massive holdings multiply and are buying more now before the herds arrive which I am still in no doubt will.
Good Luck All LTHs!!
From Mr Market
Traders out…Investors holding or adding and new buyers picking up those cheap #SYME shares! We seen over a billion change hands recently. Why? We could get a few more curve ball RNSs this year including a TR1 and Trading Update!
https://twitter.com/marketmaster88/status/1605512333031358464?s=46&t=61iJD4zmmdwPyDG3H8FaPg