Supply @ME Capital - Alliance with leading Italian SME Fintech Platform
(The "Company", "SYME" or "[email protected]")
[email protected] signs business alliance with leading SME Italian fintech marketplace
Epic is an investment company (known as a SIM in
Epic's Chairman and founder,
Epic's Chief Executive,
Epic is a leading fintech platform for working capital solutions, enabling small and medium-sized enterprise (SMEs) to present their development projects - including the inventory monetisation® service - to a selected audience of qualified investors.
The alliance between [email protected] and Epic will create a new sales channel for the Company, including:
- client company origination, sourced as companies come to the Epic fintech platform, and,
- inventory funding.
In addition, Epic will perform part of the due diligence process in order to increase the scalability and efficiency (time to delivery) of SYME's onboarding process, contributing to the achievement of the Company's short and long-term commercial objectives.
The business alliance targets 75 Client companies originated by the end of 2020 and 250 during 2021.
[email protected] has reached a new milestone in relation to its business plan goals and the strategic pillars related to the development of a multi-channel funding strategy and the scalability of its inventory monetisation services.
The Company expects to make further announcements shortly in relation to the inventory funding process and client companies origination within the SYME hubs of
[email protected] enables businesses to generate cashflow, without incurring debt, by monetising their existing stock. Before a business has found an end-customer for its inventory, the [email protected] platform enables them to sell ("monetise") their stock and receive cash immediately to boost their working capital. The [email protected] service enables strong companies to improve their working capital cycle. SYME does not monetise inventory for companies in financial difficulty or with inventory that they are struggling to sell.
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