Tagged: supply chain

January 17, 2024 @ 3:57 pm By Omar Faridi  |  

Ernst & Young LLP (EY US) announced the release of its inaugural Consumer Products and Retail Executive Pulse, which shows that amid “ongoing economic pressures, CPG and retail leaders alike are planning to invest in artificial intelligence (AI), supply chain and industry convergence to tap… Read More

November 19, 2023 @ 2:15 pm By Omar Faridi  |  

Foodics, the restaurant management and payment solutions in MENA, announced its collaboration with Suplyd in Egypt, the digital supply chain management and procurement platform. This partnership offers a comprehensive supply chain management solution to restaurants in Egypt, making it easier “for restaurant owners to manage… Read More

October 30, 2023 @ 5:23 pm By Omar Faridi  |  

New data from Tradeshift shows transaction volumes across global supply chains dropped at their fastest rate in eighteen months in Q3. More than one million businesses “use Tradeshift’s business commerce network to exchange invoicing and purchase order information relating to trade transactions across global supply… Read More

October 27, 2023 @ 1:02 pm By JD Alois  |  

Twinco Capital has received a €50 million debt facility from BBVA Spark for supply chain financing. Twinco, a European Fintech founded by female entrepreneurs, says it will use the funding to provide the first sustainable supply chain finance solution in the market. Twinco CEO Sandra… Read More

July 24, 2023 @ 7:58 pm By Omar Faridi  |  

ProducePay, the marketplace transforming the global produce industry into a more connected and sustainable supply chain, and Four Star Fruit, one of the largest growers and shippers of table grapes, launched the fresh produce industry’s “first-of-its-kind” direct-to-retail supply chain program. Leveraging the ProducePay platform and… Read More

June 18, 2023 @ 3:38 pm By Omar Faridi  |  

Pilon, a Singapore-headquartered FinTech firm that offers cloud-based Supply Chain Financing system, announced that it has successfully secured a top-up round from Philippines-based Kaya Founders “to accelerate growth plans and strengthen its presence in the Philippines market.” This undisclosed round of funding “follows a highly… Read More

March 19, 2023 @ 7:21 pm By Omar Faridi  |  

FS-ISAC, the member-driven, not-for-profit organization that advances cybersecurity and resilience in the global financial system, announced that Google Cloud has joined its Critical Providers Program, designed “to strengthen the security of the financial sector’s supply chain.” The partnership will “focus on reducing third-party cyber risk… Read More

November 17, 2022 @ 8:15 am By Omar Faridi  |  

Regnology, a software provider with a focus on regulatory reporting solutions, announces that it has acquired b.fine, a Belgian RegTech firm which “assists financial institutions on the enhancement of their reporting supply chain.” Founded in 2017 and headquartered in Belgium, b.fine has “grown to a… Read More

June 30, 2022 @ 11:15 pm By Omar Faridi  |  

4Trans, a Fintech specializing in financial products for supply chain and logistics companies, has secured an €18 million investment from backers “including Atmos, Tera Ventures, and Lighthouse.” Impact investment fund management firm based in the UK, Advance Global Capital “has also extended a revolving credit… Read More

June 4, 2022 @ 9:02 pm By Omar Faridi  |  

Green Link Digital Bank (GLDB) commences banking business. GLDB seeks to serve Micro-Small-Medium-Enterprises (MSMEs) with banking and financial services “through their supply chain financing and innovative, easy-to-use technological solutions.” GLDB seeks to leverage their experience in supply chain financing and innovative, easy-to-use technological solutions “to… Read More

May 28, 2022 @ 1:52 pm By Omar Faridi  |  

Stable, the ‘home of hedging’ for the $5 trillion agricultural commodity industry, recently revealed that it has finalized a $60 million Series B. The investment round has reportedly been led by Acrew along with key investors Greycroft, Notion Capital, Syngenta and Continental Grain Company also… Read More

May 3, 2022 @ 8:35 am By Omar Faridi  |  

As the COVID-19 pandemic winds on into its third year, waves of new virus variants continue to “wreak havoc with supply chains,” according to an update from Verifi. Firms responsible for taking goods through each step on the journey “from manufacturing to customers’ doorsteps find… Read More

February 24, 2022 @ 8:53 pm By Omar Faridi  |  

Michael Froman, Vice Chair and President, Strategic Growth at Mastercard (NYSE: MA), notes that shuttered storefronts might be a lingering symbol of the pandemic’s “economic fallout.” However, entrepreneurship is continuing to soar, “with a record 5.4 million new business applications filed in 2021, according to U.S…. Read More

February 21, 2022 @ 6:25 pm By JD Alois  |  

Trade and supply chain finance platform Demica is reporting a new milestone; more than $20 billion in funding outstanding. According to Demica, its relationships with top banks and corporates have fueled its rapid growth enabling it to capture a good percentage of the over $130… Read More

February 20, 2022 @ 9:51 pm By Omar Faridi  |  

Increff, an Indian supply chain SaaS firm providing inventory optimization solutions for e-commerce, fashion, and retail brands has secured $12 million via its Series B round. Increff’s investment round included contributions from TVS Capital Funds, Premji Invest, Binny Bansal’s 021 Capital, and 6 existing angels… Read More

February 15, 2022 @ 12:32 am By Omar Faridi  |  

New digital tools are offering powerful methods for businesses to enhance brand identities, service offerings and allow for considerable efficiency gains across many aspects of their operations. Canada’s IT consulting firm Micromation saw an opportunity and joined forces with the layer-one smart contract platform, VeChainThor,… Read More

January 28, 2022 @ 8:34 am By Omar Faridi  |  

SAP SE (NYSE: SAP) has announced its plan to acquire a majority stake of Taulia, a provider of working capital management solutions. As mentioned in the update, the move is aimed at giving firms improved access to liquidity and enhancing their cash flows. The acquisition… Read More

December 26, 2021 @ 12:33 pm By Tony Zerucha  |  

Several factors will impact cryptocurrency mining in 2022 Compute North CEO Dave Perrill predicts. Compute North provides infrastructure for companies in crypto mining, blockchain, and distributed computing. The issues that made 2021 a challenging year will persist into 2022, Perrill said. Chip shortages, shipping delays… Read More

November 26, 2021 @ 2:03 pm By Omar Faridi  |  

One of Asia’s most established supply chain finance tech solution providers, Linklogis, has announced that it has launched a branch office in Singapore. The new office aims to support Linklogis’ plans to open a virtual bank in Singapore in early 2022, by using the digital… Read More

November 2, 2021 @ 1:59 pm By Omar Faridi  |  

US investment bank Citi (NYSE: C) has introduced its first sustainability-linked supply chain finance (SSCF) program in the Asia-Pacific region. Via the SCCF program, Citi intends to support customers as they work on their ESG priorities, enhance supply chain resilience, and effectively manage working capital… Read More