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The Markets
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The Markets
by Proactive
Proactive UK has moved.
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Financial Services

Supply@ME expects to see ‘snowball’ effect after first monetisation

The investment platform said it will seek to increase its investor base, both geographically and with new institutions and is already evaluating opportunities to create more global visibility through new trading venues

Supply@ME Capital PLC (LON:SYME) said it expects to see a "snowball" effect of penetration into a growth phase of both the demand side and the supply side after it achieves first monetisation.

The investment platform said it will seek to increase its investor base, both geographically and with new institutions and is already evaluating opportunities to create more global visibility through new trading venues.

READ: Supply@ME Capital in £5.6mln funding agreement with Negma

It added that the completion of the two key initiatives, which are the Captive Bank (and accordingly the first Italian monetisation transaction) combined with the TradeFlow Capital acquisition, will allow the company to declare an "up and running" platform.

It would represent the three years of positive track record of TradeFlow and nearly seven years of investment developing the inventory monetisation business.

In addition, the workstreams on UK inventory monetisation and the promotion of the Shariah version of the platform will boost the placing of SYME's inventory monetisation asset class with the global asset management industry.

The company also expects to develop a revenue stream by "white-labelling" its platform so institutions can use TradeFlow's proprietary technology for dedicated trade financing.

In parallel, SYME has to work to scale up its operations and leverage its international footprint, which now covers all the target geographies: UK, Europe, MENA, US and Far-East and in which its technology and personnel will play a key role in this "revenue-generation" phase.

In the period to 31 December 2020, the firm raised £2.2mln, made £1.1mln of revenues compared to £4,000 in 2019, with loss before tax and the exceptional cost of listing, which came in at £1.3mln, of £2.8mln compared to £687,000 in 2019.

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