Supply@ME enters into a new alliance with Italian FinTech marketplace Epic SIM

By Megha Bhattacharya

FinTech platform, Supply@ME Capital, recently announced that it has signed a formal business alliance with Italian FinTech marketplace Epic SIM for inventory funding and client company origination.

The alliance is expected to create a new sales channel for the Company, including client company origination and inventory funding. Epic will also perform part of the due diligence process in a bid to increase the scalability and efficiency of Supply@ME’s onboarding process. The alliance will be targeting 75 client companies that originate by the end of 2020 and around 250 during 2021.

Alessandro Zamboni, CEO, Supply@ME, commented “We are pleased to announce this cooperation with the leading SME Italian fintech marketplace. Epic is more than an Intermediary or a Bank. By virtue of the standing and reputation of its management, Epic builds a unique digital environment where investors can find new asset classes, and SMEs can raise capital through alternative solutions. This is a great place for us to deliver our inventory monetisation service.”

Epic is an investment company regulated by Consob and the Bank of Italy and is authorised in France, UK, Germany, Spain, Finland, Sweden, and Luxembourg. The company offers a platform for working capital and enables SMEs to present their development projects to a set of qualified investors.

Supply@ME’s FinTech platform offers a range of manufacturing and trading businesses with the means to release capital against the value of inventory, speeding up working capital cycles, and improving supply chain efficiencies.