Supply@ME Capital plc (LON:SYME) said due diligence on its proposed acquisition of TradeFlow Capital Management continues to progress well.
Management is also working on an integration plan for the Supply@ME and TradeFlow inventory funding business models.
The review of the cross-border aspects of TradeFlow's business, its funding structures and inventory "in-transit" technology are underway, the company told investors in a brief stock market announcement.
READ Supply@ME Capital confirms identity of 'in-transit' commodities acquistion
TradeFlow is a Singapore-based fintech-powered commodities trade enabler, focused on small and medium-sized enterprises.
The acquisition will give Supply@ME’s platform the ability to offer commodities "in-transit" and is expected to generate a number of attractive synergy benefits for the company in terms of funding and customer origination.
The Supply@ME platform enables businesses to generate cash flow without incurring debt by monetising their existing stock before an end-customer is found for the inventory.