ATLANTA, August 24, 2021 / PRNewswire / – PrimeRevenue, Inc., the leading provider of technology-based working capital solutions, and IFS Capital Limited (“IFS Capital”) announce a new strategic partnership designed to meet the trade finance needs of large and medium-sized enterprises in the South East Asia.
Supply chain finance is a proven working capital solution that effectively solves many of the challenges faced by micro, small and medium enterprises (MSMEs) in accessing suitable finance. This solution, initiated by buyers to provide suppliers with alternative financing options for their invoices, enables suppliers to access financing at competitive prices and shorten their cash conversion cycles. In return, buyers can optimize their cash flow through favorable payment terms and stronger relationships with their suppliers.
“We are excited about our collaboration with IFS Capital, which will provide supply chain finance solutions to the Southeast Asian MSME market,” said Dominique capolongo, EVP Global Head of Funding for PrimeRevenue. “This partnership reinforces our belief that supply chain finance brings tremendous benefits to MSMEs. Our platform is specially designed to meet not only large-scale players, but also small businesses with a high need for working capital solutions.
“The IFS Capital-PrimeRevenue partnership is timely to address the supply chain challenges we face today,” said Zeng Renchun, Country Manager of IFS Capital in Singapore. “PrimeRevenue is a global leader in trade finance technology, and its best-in-class platform supports large multinationals and mid-size companies on supply chain finance programs globally. This, together with our expertise and in-depth understanding of MSME financing needs in the region, will help MSMEs gain access to capital and unlock money trapped in the supply chain. “
Under the terms of the agreement, IFS Capital will offer PrimeRevenue’s platform solutions in its main markets of Singapore, Thailand, Malaysia and Indonesia to support supply chain finance programs anchored by large and medium enterprises. IFS Capital will leverage its existing network in the region to integrate buyers and facilitate adoption of PrimeRevenue’s supply chain finance technology platform. The addition of the IFS Capital partnership will expand PrimeRevenue’s commitment to serving the needs of MSMEs in the South East Asian market.
PrimeRevenue’s supply chain finance solutions (approved debt finance) help organizations in over 80 countries optimize their working capital to effectively fund strategic initiatives, gain competitive advantage and strengthen relationships throughout of the supply chain. As a leading provider of working capital financial technology solutions, PrimeRevenue’s diverse multi-donor platform addresses more than US $ 250 billion in payment transactions per year. The company is headquartered at Atlanta, with offices in London, Prague, Hong Kong and Melbourne. Additional information on PrimeRevenue is available at www.primerevenue.com | Twitter: @primerevenue | LinkedIn: www.linkedin.com/company/primerevenue.
About IFS Capital Limited
IFS Capital is a leading financial institution specializing in providing personalized financing solutions in South East Asia. The Group was incorporated into Singapore in 1987 and has been listed on the Singapore Stock Exchange since July 1993. The Group is part of the Phillip Capital network of companies, with a global presence that provides factoring, leasing and lending services covering individuals, family offices and corporate and institutional clients across Singapore, Thailand, Malaysia and Indonesia. ECICS Limited, a wholly-owned subsidiary of IFS Capital, also provides general insurance bonds and services in Singapore. For more information, please visit: https://www.ifscapital.com.sg
PrimeRevenue media contact
+1. 978.729.3542 (United States)
IFS Capital Limited media contact
Romil Singh – E-mail: [email protected]
Shivam Saraf – E-mail: [email protected]
Telephone: +65 6438 2990
SOURCE PrimeRevenue, Inc.