Supply@ME Capital PLC (LSE:SYME) (SYME) said its pipeline of client inventory suitable for monetisation had risen to £343.5mln as of 31 December 2022, up from £329.8mln at the end of September.
In an update for the 2022 trading year, the inventory management group noted that progress has also been made towards securing traditional funding routes in both European and UK markets.
This includes in Italy, it added, where new legislation will provide greater opportunities for Italian banks to adopt SYME’s inventory monetisation (IM) platform.
Subsidiary TradeFlow had seen growth in assets under management during the year of approximately 35% compared to 2021, the company said.
In a statement, Alessandro Zamboni, SYME chief executive, commented: “The next key milestones on SYME's horizon are traditional funding-backed IMs in Italy and the UK.
“These transactions will serve a dual purpose: to build our track record for Inventory Funders, and to support corporates in sectors where we see growth opportunities and the potential to scale to larger inventories."
"We further expect the PNP Regulation in Italy to open additional routes to market for our white-label offering. It's great to see an increased appetite by the investors on real asset class related to inventories," he added.