REG - Supply @ME Capital - Tradeflow partnership with DP World

Supply@Me CapitalAnnouncement

18/02/2022 07:15

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RNS Number : 1158C  Supply @ME Capital PLC   18 February 2022

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18 February 2022

 

 

Supply@ME Capital plc

(The "Company" or "SYME")

TradeFlow partners with Cargoes Finance By DP World

Supply@ME Capital plc, the innovative fintech platform which provides the
Inventory Monetisation© service to manufacturing and trading companies,
announces that TradeFlow Capital Management Pte Ltd ("TradeFlow"), part of the
Supply@Me Group, has partnered with Cargoes Finance By DP World.

DP World is a leading provider of worldwide smart end-to-end supply chain
logistics, enabling the flow of trade across the globe. Its comprehensive
range of products and services covers every link of the integrated supply
chain - from maritime and inland terminals to marine services and industrial
parks as well as technology-driven customer solutions.  It delivers these
services through an interconnected global network of 190 business units
in 69 countries across six continents, with a significant presence both in
high-growth and mature markets.

This partnership will make the TradeFlow in-transit & warehoused goods
monetisation non-credit facility available via CARGOES Finance By DP World, a
trade finance platform launched by DP World in July 2021. CARGOES Finance By
DP World is a fintech platform which enables access to working capital for
small and medium-sized enterprises (SMEs) by connecting them with premier
financial institutions worldwide.

Specifically, the partnership with CARGOES Finance By DP World will contribute
to the Supply@Me Group's Investment Advisory revenue stream as defined in the
RNS issued by the Company on 31 August 2021. Through the CARGOES Finance
platform, DP World's international client base will have seamless access to
the Funds.

SYME Chief Executive, Alessandro Zamboni, said: "I am delighted to announce
this important collaboration with CARGOES Finance By DP World. This is a key
milestone for the Supply@Me Group. DP World is a world leader in global supply
chain solutions and their innovative CARGOES Finance platform will be a
game changer for SMEs, increasing trade opportunities in countries across the
world."

TradeFlow Chief Executive and SYME executive director, Tom James, said: "We
are proud to become a partner of CARGOES Finance By DP World and are confident
that its client base will quickly see the benefit of our Funds. We would hope
this agreement is the first of many with DP World, which could see the
Supply@Me Group become a first-choice option for many users of the CARGOES
Finance Platform. This partnership also represents a key development for the
Supply@Me Group's offering in the MENA region, further strengthening our
relationship and proposition, alongside the Shariah Fund' initiative and the
strategic alliance with iMass investments"

Sinan Ozcan, Senior Executive Officer, DP World Financials Services Limited,
said: "I am pleased to confirm that TradeFlow, and by extension the Supply@Me
Group, has partnered with CARGOES Finance By DP World and joined us in our
mission to bridge the trade finance gap. Our two organisations share an
entrepreneurial spirit and the common goal of supporting SMEs achieve their
own ambitions through innovative finance solutions. I look forward to a
fruitful relationship with Supply@ME Group, and exploring the different ways
we can extend access to its Funds for the benefit of our clients."

 

Notes

Supply@ME Capital PLC and its operating subsidiaries (together the "Supply@Me
Group") provide an innovative fintech platform (the "Platform") for use by
manufacturing and trading companies to access inventory trade solutions
enabling their businesses to generate cashflow, via a non-credit approach and
without incurring debt.  This is achieved by their existing eligible
inventory being added to the Platform and then monetised via purchase by third
party Inventory Funders.  The inventory to be monetised can include warehouse
goods waiting to be sold to end-customers or goods/commodities that are part
of a typical import/export transaction. SYME announced in August 2021 the
launch of a Global Inventory Monetisation programme which will be focused on
both inventory in transit monetisation and warehouse goods monetisation. This
programme will be focused on creditworthy companies and not those in distress
or otherwise seeking to monetise illiquid inventories.

Financial services offered on the CARGOES Finance Platform are associated with
CARGOES By DP World (A suite of enterprise services and products for the world
of logistics and trade) and provided by DP World Financial Services Limited.
DP World Financial Services Limited is a company registered under the Dubai
International Financial Centre (DIFC) and regulated by Dubai Financial
Services Authority (DFSA).

 

Contacts

Alessandro Zamboni, CEO, Supply@ME Capital plc, investors@supplymecapital.com

Paul Vann, Walbrook PR Limited, +44 (0)20 7933 8780;
paul.vann@walbrookpr.com

Brian Norris, Cicero/AMO, +44 (0)20 7947 5317 brian.norris@cicero-group.com
(mailto:brian.norris@cicero-group.com)

 

 

 

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