Supply@ME Capital appoints ESG specialist as non-executive director
Thomas said he was drawn to the fintech platform's "unique business model and great potential"
Company
LON:SYME
Supply@ME Capital PLC is an independent fintech company providing an innovative proprietary inventory monetisation service to companies in a wide range of industrial sectors. This scalable and pan-European service which helps fulfil companies’ working capital needs has gained traction in several domestic markets through partnerships with major arrangers and banks.
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Thomas said he was drawn to the fintech platform's "unique business model and great potential"
Ganyushin was appointed as an independent adviser to the company in March to complete a strategic review of the business
Accounts for the year 2021 have been further delayed
Chishti joined the company in March 2020 after it listed on the LSE
The adviser is expected to make recommendations on any additional expertise and capabilities required to ensure the fintech company is positioned to realise its planned global growth and diversification of revenue streams
Chief executive Alessandro Zamboni said it was an “important collaboration” and “a key milestone” for the group
The meeting came ahead of tomorrow's trading update for the second half of 2021
In doing so the UK-listed Italian fintech is working with Sanpaolo Private Bank (Suisse) Morval
“The completion of our first monetisation and the lessons learned in its achievement will allow for a smoother process for the future as we scale up," said chief executive Alessandro Zamboni
Jim Coyle has a thirty-year career with some of the UK's largest companies
“We are poised to seize the multitude of opportunities available to us"
As well as paying the remainder of a prior agreement, SYME said it will use the funds to support growth and ongoing working capital requirements
SYME has agreed with ARC an initial loan tranche of £5mln, with a further £2mln available within 60 days
The forecast includes platform monetisation (C.IM) and investment advisory (IA) fees
The initiative follows the acquisition of TradeFlow
It is envisaged that the new facility will involve a "material reduction" of the commitment
Susanne Chishti, the company's senior independent non-executive director, will chair the 2020 Annual General Meeting on 30 July 2021
Proactive Research said the company offers exposure to an underserved segment of supply chain finance – inventory monetisation
"We now have an enhanced platform with an offering for the supply chain sector which is unparalleled," said chief executive Alessandro Zamboni
" I am delighted to announce this agreement as a cornerstone of our inventory funding strategy," said Alessandro Zamboni, the chief executive officer of Supply@ME