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Suppl[email protected] Capital offers fintech platform that allows companies to monetise their stock

Snapshot

  • Fintech firm running platform that allows companies to sell stock (and - at the same time - keep it on consignment) to [email protected]’s special purpose vehicles
  • Already has more than 900mln euros worth of contracts with cross-border companies
  • Listed on the main market of the London Stock Exchange in March following reverse takeover by Abal Group
supply@me -

Quick facts: [email protected]

Price: 0.308 GBX

LSE:SYME
Market: LSE
Market Cap: £97.94 m
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What it does

[email protected] Capital PLC (LON:SYME) is a fintech firm which runs a platform that allows companies to monetise the stock to special purpose vehicles established by [email protected] allowing, at the same time, companies to keep on consignment the latter stock which can then be sold off to end customers.

The group’s innovative finntech platform puts together funders, through a securitisation scheme. Behind the service, several exponential technologies are managed with the aim of making [email protected] the best fintech inventory data monitoring system.

[email protected] has already clinched more than 900mln euros worth of contracts with companies and signed agreements with cross-border financial partners.

 

How is it doing

In July, the AIM-listed firm said it was in discussions with a large financial institution over an inventory monetisation pilot programme in the UK. The target is to start a pilot programme by the end of 2020 with up to 10 UK client companies.

It is also developing a dual-funding approach to its stock monetising platform.

The SYME platform matches manufacturers and traders that want to monetise part of their stock for cash with funders that invest through the platform into portfolios of inventory assets. 

Going forward, the dual-funding approach will comprise an open-funding route and self-funding.

In open-funding, a securitisation note programme for assets on the platform is being managed by StormHarbour Securities with 16 interested investors of which most are asset managers.

On the self-funding side, where funding institutions add their own clients to the portfolio, [email protected] is in talks with two Italian banks over their use of SYME.

Overall, the number of clients waiting for inventory funding had risen to 97 from 66 at the end of December with a further 272 undergoing SYME’s due diligence processes.

July also saw the appointment of Stuart Nelson as Head of Enterprise Risk Management (ERM).

 

What the boss says: Alessandro Zamboni, chief executive

"Building a strong internal governance structure, including a robust enterprise risk management function which will help the company to scale in a managed way, is a key part of our business plan."

“Stuart is the ideal candidate to develop our ERM capability and he will play a central role in strengthening our inventory funding offering. I am very pleased to welcome him to the [email protected] leadership team."

 

Video

 

READ: [email protected] Capital PLC - Initiation report

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[email protected] Capital boss talks big expansion plans in the Middle East

[email protected] Capital PLC (LON:SYME) CEO Alessandro Zamboni updates Proactive on the latest deal with a Middle East investment company for its first pilot in the region as part of a planned rollout of its inventory monetisation platform. The project with Khaled Abdulla Almass and his investment firm...

2 days, 20 hours ago

2 min read