SAP Ariba has ended its three-year-old agreement with PrimeRevenue to deliver multi-funder supply chain finance to its users.
Japan's Softbank is to invest $800m in Greeensill Capital, valuing the supply chain finance funder at $3.5bn. The investment doubles the value placed on Greensill since General Atlantic put in $250m at a valuation of $1.64bn in 2018.
Half of all banks see maintaining a competitive edge against fintech offerings in supply chain finance as a strategic challenge, according to a new report by Strategic Treasurer.
Bernhard Weiskirch of Siemens is to present Siemens' supply chain finance success story at SCF Forum Asia in Singapore on 23rd May. Siemens won the gold award at last year's SCF Awards, and this will be the first time since then that the Siemens story has been presented in public.
Royal DSM has become the latest corporation to join the line-up at SCF Forum Europe. Sébastien Leroy, global process lead, commercial control, will join the morning session.
PrimeRevenue has added BankUnited to its roster of funding partners as it seeks to grow and diversify sources of funding for its supply chain finance programmes.
PrimeRevenue is reaching out to banks and other financial institutions with the launch of what it says is a "comprehensive reseller program designed to enable global financial institutions to better compete for supply chain finance opportunities."