IFS Capital has entered into a non‐binding Memorandum of Understanding (MOU) with and US-headquartered PrimeRevenue on August 23.
Under the MOU, the companies propose to enter a partnership to launch supply chain financing solutions targeted at companies in Southeast Asia, including micro, small and medium enterprises (MSMEs).
“The IFS Capital-PrimeRevenue partnership is a timely one to address the supply chain issues we are facing today. PrimeRevenue is a global leader in trade finance technology, and its best in-class platform supports large MNCs and midmarket companies on supply chain financing programs globally. This coupled with our expertise and deep understanding of MSME financing needs in the region will help MSMEs gain access to capital, and unlock cash trapped in the supply chain,” said Zeng Renchun, IFS Capital’s Singapore country head.