Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
Aldermore are part of Firstrand
https://www.rmb.co.za/page/supply-chain-finance-for-firstrand-suppliers
Says they've partnered with a Fintech service provider. Could be something or nothing.
SUPPLY CHAIN CREDIT
It is a receivable assignment transaction, originated by the debtor, which allows the debtor to obtain a series of financial, operational and commercial advantages.
The debtor enters into an agreement with the Bank aimed both at providing financial support to its strategic suppliers and at optimising the management of its cash flows (payment deferrals, concentration of payments on a single fixed date, etc.).
On the other hand, the identified suppliers will have the advantage of being able to assign without recourse the receivables they have against the aforementioned contracted debtor, obtaining finance and guarantee at the same time without affecting their credit lines.
Https://www.bancobpm.it/corporate-investment-banking/business-solutions/financing/financial-supply-chain/
FACTORING
With Youfactoring, Banco BPM's online platform, the Company has the opportunity to digitize and speed up the disposal of its trade receivables.
It said Banco BPM will fund the transaction via an EUR8.5 million bank debt as well as EUR1.5 million of equity investment.
https://www.morningstar.co.uk/uk/news/AN_1704283476625348500/supply@me-capital-secures-funding-for-inventory-monetisation-deal.aspx
Saw this on Tracxn not sure what to make of it?
How much funding did Supply@ME raise in its latest funding round?
Supply@ME raised $1.65M in its latest funding round, which was Post IPO round held on Jan 03, 2024.
How much funding has Supply@ME raised till date?
Supply@ME has raised funding over 2 rounds.List of all funding rounds of Supply@ME Date of funding Funding Amount
Round Name Post money valuation
Revenue multiple Investors
Jan 03, 2024 $1.65M Post IPO Banco BPM
Jun 16, 2021 $7.89M Post IPO Negma Group
https://tracxn.com/d/companies/supplyme/__z3TlWW7hqrGrmZnYakZJDdQEFEiFJjCm0rr7hzSUjuA/funding-and-investors