# Supply Finance

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/supply-finance

- Industry: Financial Services
- Headquarters: Dublin, Ireland
- Website: www.supply.finance
- Total disclosed funding: $4.9M
- Latest round: Series A (Apr 12, 2018)
- Investors on record: 2

## About

Supply Finance is a financial services company specializing in trade finance solutions for small and medium-sized enterprises (SMEs) across Europe, enhancing their access to essential funding tools.Founded in 2017 by Brian Norton and Jay Verjee, Supply Finance operates from its headquarters in Dublin, Ireland, providing trade finance solutions. The company raised EUR 4 million in Series A funding on April 12, 2018, with Fenway Summer Ventures and Finch Capital as investors. Supply Finance has completed a total of 1 deal since inception.Supply Finance offers a suite of trade finance solutions that empower SMEs in Europe. Their primary offerings include factoring, which allows businesses to utilize their invoices for immediate cash flow, and supply chain financing solutions aimed at optimizing working capital. These services cater specifically to SMEs involved in importing, manufacturing, distributing, and selling products, ensuring they have access to financial tools traditionally reserved for larger corporations.Supply Finance generates revenue through structured transactions primarily involving their SME clients. These B2B agreements allow SMEs to leverage their invoices or inventory for financing. For example, through factoring, businesses can convert receivables into immediate cash, supporting uninterrupted operations. The firm's revenue model is based on transaction fees and interest rates associated with the financing provided, accommodating the diverse financial needs of SMEs.Supply Finance plans to utilize the EUR 4 million raised in Series A funding to enhance its product offerings and expand into new markets. The company is focusing on rolling out new trade finance products aimed at further simplifying the financing process for SMEs. Additionally, Supply Finance is exploring opportunities to expand its services into other European countries, although specific timelines for these expansions have not been detailed.

## Funding rounds

- Series A, Apr 12, 2018, $4.9M — Fenway Summer Ventures, Finch Capital

## Investors

- Fenway Summer Ventures (https://capitalatlas.ai/funds/fenway-summer-ventures) — Series A
- Finch Capital (https://capitalatlas.ai/funds/finch-capital) — Series A