Supply@ME Capital (SYME), the fintech inventory monetisation service has provided a bumper update, providing 5 reasons showing its strategy is right on track.
Here are the five reasons that gave investors confidence to believe that the pieces in the puzzle are coming together:
- Private equity funders are interested! It has received offers for funding in the form of securitisation notes to fund over 300m EUR of inventory. What’s interesting here is the potential funders that it refers to. One of which is investment funds, including private equity funds that want to support their portfolio companies (i.e. their own investments grow).
- UK looks ready to go. Due diligence has been completed and Supply@ME is on verge of delivering inventory monetisation for the first set of UK companies.
- Funders also want a piece of SYME. Appreciating its unique business model and scale, its funding partners are looking to invest into the company. This links back to point 1.
- Italian deals. Terms have been agreed with 2 local banks and another (Finlombardia) has invited it to pitch for services to be provided to local SMEs.
- Middle-east programme progress. A Sharia assessment has been completed by a global bank who have also identified a funding partner to support the UAM programme between SYME and iMass. A separate update is due.
For us, one of the most promising developments is private equity interest. The ability for private equity firms to fund, distribute the service to a portfolio of companies (who are often laden with debt and need working capital improvements) and potentially invest in SYME themselves is intriguing.