Alessandro Zamboni updates on Business Operations at the end of September and we thought we would take the opportunity to listen to Alessandro walk us through with a more in-depth explanation.
Supply@ME Capital plc, the innovative fintech platform which provides the Inventory Monetisation© service to European manufacturing and trading companies, provide an update on its Client company origination.
The SYME platform operates by aligning Client companies (manufacturing and trading companies) seeking to monetise part of their inventory for cash, with Inventory funders (banks, financial institutions and investment funds), that invest through the SYME platform into portfolios of inventory assets via Special Purpose Securitisation Vehicles.
Additional Client company demand has been created by:
– the EPIC fintech platform alliance announced on 4 September which has delivered 19 Client companies into the Inventory Monetisation programme (included in the above table), and
– as announced on 27 July, the pool of 272 companies originated by one of the two Italian “Self-Funder” institutions that has resulted in the initial selection of 29 corporates upon which due diligence will commence.
The thirty Italian Client companies that form the first Inventory Monetisation portfolio will be notified that their target completion date is the end of October. This portfolio comprises corporates of various sizes which form part of supply chains led by the following companies.
· Materials sector
o JSW Group: international conglomerate in steel, energy, minerals and materials
o Stemcor London Trading: international steel trader, distributor and stockholder
o Tosyali Group: international leader in the iron and steel industry
o Steelcom: Steel and Commodities, international steel trading business
· Capital Goods sector
o Clarke International: manufacturer and supplier of electrical and mechanical workshop equipment
o Tecalemit Garage Equipment Co.: a leading supplier of vehicle servicing equipment
o Ansaldo Energia: international player in the power generation industry
· “Retailing” and “Food, Beverage & Tobacco e Retailing” sector
o Esselunga: a leading Italian supermarket chain
o Carrefour: a French multinational corporation specialised in retail
o Coin: a leading Italian department store chain
The first Client companies within the new operating regions of the UK, UAE and US are currently being analysed in partnership with local partners and inventory funders. Specific updates will be provided on each of these operating regions in due course.
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