Supply@Me Capital Plc (GB:SYME) has released an update.
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Supply@Me Capital Plc has inked a deal with an Italian neo banking group and Société Financière Européenne S.A. to initiate an Inventory Monetisation programme potentially worth up to €135 million, targeting multiple tranches to support cash flow for Italian client firms. The programme, which relies on Supply@Me’s innovative fintech platform, aims to generate revenue of 1-3% of the gross inventory value monetized. The Company is set to provide market updates once the first tranche is operational, underpinning its commitment to fair and reasonable transactions, even when involving related parties.
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