Supply@ME founder and CEO Alessandro Zamboni shows how the platform turns shares into growth-fueling capital
Supply@ME aims to strike the right balance between having enough inventory to meet consumer demand and eliminating excess inventory expenditures, a common inventory management challenge. In this Behind the Idea segment, Supply@ME founder and CEO Alessandro Zamboni, discusses how the platform helps firms transform stock into growth-fueling capital.
In the challenging business environment that exists today, having a healthy inventory is essential to a company’s operation. But, firms may be unable to realize the full value of their resources if they have locked up money in the form of excess inventory. This company’s inventory monetisation service is suitable as a solution to this issue.
The rest of the text will show you how Zamboni describes the development process, its difficulties, and how it will take consumers to new heights.
Information about Supply@ME and its product:
A London-based inventory servicer called Supply@ME uses its fintech platform to assist businesses expand by giving them access to capital so they can make money off of their inventory.
Our strategy offers a business-friendly, debt-free alternative, allowing companies to reduce the expense of unsold inventory sitting in warehouses or in transit.
Traditional inventory financing alternatives are frequently offered by lenders who significantly undervalue the value of the inventory. These lenders also frequently impose a number of covenants or connect the borrowing to an overriding receivables facility. As a result, until their products are sold to the final customer, firms can struggle to create cash flow.
Supply@ME can be useful to companies of any size operating in any industry that deals with products with a lengthy shelf life or that gain value over time. This comprises a wide range of companies, including those that make cheese, create aircraft, and distill whisky.
What issue is Supply@ME attempting to address?
Any business that stores things has the problem that Supply@ME solves.
In the past, it was hard for banks to get the money they needed to buy inventory. Many people think it’s a risky choice that could lead to fraud because it’s hard to keep track of stock in an accurate and efficient way.
Supply@ME gives companies all over the world a way to improve their capital situations by giving them access to credit based on the value of their qualifying inventory. Businesses can then use these funds to help their businesses grow.
Supply@ME is made up of three parts that work together to help businesses solve a problem that keeps coming up and get their money out of goods that aren’t selling.
First, our monitoring system makes it easier for banks and other funders to see what risks they are taking, which makes funding more competitive. The inventory purchase is written down on the company’s balance sheet, which is a legal and accounting procedure. This keeps the company from having to take on debt.
Supply@ME matches the investment needs of funders with the needs of client companies to sell warehouse items. Because our team understood this market problem and was eager to solve this common but hard problem, they came up with a simple inventory solution.
How has the company changed since its inception?
In 2020, when we began trading on the London Stock Exchange, the world was substantially different. The year 2021 was one of global crisis and disruption for supply chains and firms with high inventories, and it completely transformed everything.
Because supply networks had to be rebuilt, the “just in time” strategy, which had been used for decades, was changed to “just in case.” Businesses had to find new ways to deal with the higher costs and lower cash flow that came from having to keep more inventory on hand.
Our suggestion is even more important when you think about how appealing it is to make money off of this stock and lower costs.
What was the toughest moment?
Before seeing the process, there was understandable skepticism. No more doubts.
Supply@ME is a low-cost alternative to debt-based financing for enterprises. It seemed too good for corporates.
Supply@ME has potential investors interested in monetising business inventories in the UK and Italy, with further geographies coming. We can achieve our business’s potential with solid corporate pipelines and proof of concept in our initial target locations.
What achievements have made the company most proud so far?
Last year, it was very important that we sold our first inventory. The way we hired people, our technology, and the way we did things all took a long time. Our first transaction shows just how much we care about our team members and our business.
We tested the platform and processes by monetising €1.6million of inventory with VeChain Foundation financing. This marketplace is agile since it monetised using NFT monies.
With established markets, it opened cryptocurrency as a funding option. Supply@ME helps businesses grow by facilitating funds to monetize inventories through its platform. We started in Italy and will expand to other countries and clientele.
Supply@ME has international staff. As the organization has grown, different cultures have contributed strengths and perspectives.
When new revenue streams come online, we look forward to growing our staff to meet the business’s needs.
Supply@ME has a growing pipeline of monetisations and corporates to support. These should convert and help us expand in Italy, Europe, and the UK before entering the UAE and US. We want every company with unsold inventory to see us as a cost-effective way to boost working cash. Our financial partners may reliably invest in inventories, an underdeveloped real asset class, if we reduce the guessing.