From the chairman's statement28 Jan 2021 07:22
Client Company Origination
The pipeline of Client companies continues to grow and now includes mid-cap and large-cap businesses from Italy, the UK and UAE.
Gross origination of Client companies increased 30% between September 2020 and the end of December 2020.
Value (Euro)
31.3.20
30.6.20
30.9.20
31.12.20
Gross origination[1]
1.22bn
1.43bn
1.64bn
2.13bn
Number of client companies
82
97
142
165
3. Business expansion
UK. Notwithstanding the continued uncertainties surrounding Brexit, the Company is working to make the UK a key hub for its Inventory Monetisation service as well as a "pivot" for cross-border monetisation operations (ideal for large corporates with inventory in a number of global locations).
MENA regions. With the support of the Funding Specialist announced on 3 November 2020, the approval process of the Shariah compliant version is now complete.
Marketing of the first Shariah compliant investment product is in planning, highlighting, amongst other features, the value of the recent co-operation agreement signed with Lenovo Financial Services.
.
US. The Company and The Trade Advisory are progressing with the development of a first pilot Inventory Monetisation operation within the retail sector and are also evaluating an opportunity to deliver an innovative inventory "in transit" monetisation model.