Prima Trade provides a "cash against data" platform that digitizes trade documentation and uses supplier data to automate early payments at shipment. This enables enterprises to secure savings through supplier discounts and meet ESG regulations by capturing product-level ESG characteristics.
Funding
$800K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional financial supply chains are encumbered by manual documentation processes and a lack of real-time data visibility, leading to inefficiencies and missed opportunities for early payment and supplier discounts. This friction hinders the optimization of cash flow and compliance with evolving ESG mandates.
Solution
Prima Trade offers a "cash against data" platform that digitizes trade documentation and leverages supplier data to facilitate automated, early payments at shipment. This approach enables enterprises to secure significant savings through supplier discounts, typically exceeding 1% on sourcing spend. The platform also provides a robust framework for meeting ESG regulations and e-invoicing requirements by capturing and evidencing ESG characteristics at the product or SKU level. Its self-contained architecture allows for rapid implementation with minimal IT integration, empowering businesses to transform their financial supply chains efficiently.
Target Audience
The primary target audience includes CFOs and Corporate Treasurers within enterprises seeking to strengthen their financial supply chains through digitization and optimize sourcing spend.
Features
- "Cash against data" model for supplier finance, powered by digitized trade documentation.
- Automated, instant payment processing at the point of shipment.
- Embedded analytics for capturing and evidencing ESG characteristics at the product/SKU level.
- Support for e-invoicing and compliance with ICC digital trade standards.
- Minimal IT involvement required for platform implementation, with suppliers self-digitizing paperwork.
- Scalable architecture designed for both global MNCs and SMEs.
- Micro-services architecture supported by distributed processing, clustering, and containerization for high performance.