Supply@ME Capital To Acquire TradeFlow Capital


The trade finance business Supply @ ME Capital will acquire TradeFlow Capital Management, a Singaporean player in the space that primarily serves small and medium-sized enterprises (SMBs), according to a press release.

With the deal, London-based Supply @ ME "can further improve its platform and provide a global inventory monetization service, including the monetization of both inventory in transit (especially goods) and in-stock goods," the press release said.

The deal is expected to take place in two parts, according to the publication. Part one will include paying £ 4 million (approximately $ 5.7 million) in cash and 813 million newly issued Supply @ ME shares in June.

The second part of the payment according to the press release is "earn-out payments for the period from January 2021 to December 2023 in cash or in shares", depending on the preference of Supply @ ME.

TradeFlow was valued at £ 31 million (approximately $ 44 million) in the press release.

Supply @ ME will fund the first part of the deal with an infusion of cash from new institutional investors. It will expand its board of directors to add "additional banking and legal experience," according to the press release. Once the nomination processes are complete, two of these new directors will be Tradeflow co-founders and directors Tom James and John Collis.

The men "will be key members of the combined business," the press release said.

Alessandro Zamboni, CEO of Supply @ ME, said in the press release: “We have consistently been impressed with the quality of the business Tom and John have built and have established ourselves as a reputable funder of inventory in transit, especially under -large companies. By bringing TradeFlow to the Supply @ ME stall, we are getting an offer for the supply chain sector that surpasses anything available worldwide and offers tremendous opportunities to create even more value for our investors. "

Collis said in the press release, “Signing the SPA with Supply @ ME will move us into the next phase of TradeFlow's growth. The economic and physical challenges during the pandemic have seen many companies - even if it's a cliché - an unprecedented set of supply chain problems for goods in motion. We look forward to working with Alessandro and his team in due course to improve the working capital position of even more companies with the support of Supply @ ME. "

James said in the press release, “Our credit-free approach to enabling import / export transactions for physical goods is unique in the world of trade finance hedge funds, as is Supply @ ME's approach to inventory monetization for manufacturing and trading companies. The combination of the expertise in TradeFlow Capital and Supply @ ME will expand our joint geographic presence and create a global digitized offering that offers a range of benefits from both a financing, technology and customer acquisition perspective. "

The deal comes after the trade finance sector was shaken by the collapse of Greensill Capital earlier this year.

James told PYMNTS in April, “The financial industry will learn from this. Better trading systems made possible by technologies that enable transparency, verifiability, authenticity checks and traceability are the way forward. "

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NEW PYMNTS DATA: CRYPTOCURRENCY PAYMENTS STUDY - MAY 2021

Supply@ME-Capital-To-Acquire-TradeFlow-Capital.jpg

About the study: U.S. consumers see cryptocurrency as more than just a store of value: 46 million plan to use it to make payments for everything from financial services to groceries. In the Cryptocurrency Payments Report, PYMNTS surveyed 8,008 US cryptocurrency users and non-users to investigate how they would like to use Crypto for purchases, which Crypto they would like to use - and how merchant acceptance can affect merchant choice and consumer spending .

https://thedailytradingnews.com/supplyme-capital-to-acquire-tradeflow-capital/

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