Spanish company offering a supply chain finance solution that includes purchase order funding is looking for partners to launch finance program by cooperating through outsourcing agreements

One of the main problems of wide supply chains is the access to fundings of small and medium producers. And this access is critical to ensure a strong and efficient supply chain flow that assures orders to be delivered on time. In order to achieve this, the Spanish fintech founded in 2017 helps buyers to build competitive and socially responsible supply chains by providing affordable liquidity to their global supplier networks. It is the first company to offer a supply chain finance solution that covers the full production cycle, from purchase order to final invoice payment. In addition, their program eases the international commerce operations by eliminating letters of credit, reducing financial costs and risks, and strengthen commercial relationships between buyers and their supplier network. The main characteristics of their service are: • Funding from the initial phase of the production cycle. • The company pays up to 60% of the purchase order value upfront, and the remaining once the goods are delivered. • Their solution is flexible (adaptable to each commercial process of each client), affordable and agile thanks to their digital platform. • They do not use letters of credit, nor guarantees or complex documentation. They use advanced supply chain analytics to evaluate the performance of suppliers (including ESG (Environmental, Social, and Corporate Governance) indicators), better assess price and significantly mitigate risk. Their risk assessment is becoming more robust as more suppliers and buyers join the program. The company believes there is a strong network effect: thanks to this, suppliers, buyers, and investors will be able to benefit from considering that the Spanish company becomes a strategic ally to improve ESG performance of both corporate clients and their supply chains. They deliver an outstanding customer experience by using technology that does not interfere with the commercial processes but makes funding globally available “at the click of a button”. The Spanish company's program for European retailers has been a success, and they already have a supplier base in more than 10 countries, such as China, Hong Kong, Pakistan, South Korea, Bangladesh, Vietnam, Turkey, Bulgaria or Indonesia. Nevertheless, the company is looking for additional partners in order to increase their presence in international markets through outsourcing agreements.