Cirralto Ltd CEO Adrian Floate is joined by eBev CEO Ian Harris to talk through the details of signing their binding funding services agreement with eBev to roll out funding services to eBev’s online beverage trading network.
eBev is Australia’s largest online wholesale beverage ordering platform, connecting more than 350 venues, 700 suppliers and 12,000 licensed premises, who purchase more than A$150 million of product per year through the platform.
Cirralto will provide funding against these transactions, initially up to a limit of A$1 million, 10% of the expected full facility limit of $10 million, which will expand to A$3 million funding limit by the first three months of the agreement. After this time the full funding will be available.