About PrimaTrade

PrimaTrade offers a platform that digitizes supplier documentation and utilizes supplier data to facilitate instant, funded payments at shipment, enabling companies to achieve over 1% savings on sourcing costs. The solution enhances financial supply chains by streamlining trade finance processes and ensuring compliance with digital trade standards.

```xml <problem> Many companies face challenges in managing and digitizing supplier documentation, leading to inefficiencies in financial supply chains. This results in delayed payments, increased sourcing costs, and difficulties in ensuring compliance with evolving digital trade standards and ESG regulations. </problem> <solution> PrimaTrade offers a platform that digitizes supplier documentation and leverages supplier data to enable instant, funded payments at shipment, allowing companies to achieve over 1% savings on sourcing costs. The platform captures all financial supply chain transactions across various carriers, forwarders, geographies, products, ERPs, brands, categories, and suppliers. By offering early payment options to suppliers, PrimaTrade enhances financial supply chains, streamlines trade finance processes, and ensures compliance with digital trade standards. The solution also facilitates the tracking of ESG credentials at the product or SKU level, helping companies meet new environmental, social, and governance regulations. </solution> <features> - Digitization of supplier paperwork, enabling efficient supply chain management. - "Cash against data" technology facilitating instant, funded payments at shipment. - Platform captures financial supply chain transactions across all carriers, forwarders, geographies, products, ERPs, brands, categories and suppliers. - Integration with existing SCF programs without requiring changes to funders or platforms. - ESG data collection and reporting at the product or SKU level. - Compliance with ICC's digital trade standards. - IT-light implementation requiring minimal IT involvement. - Scalable solution suitable for global MNCs to SMEs. </features> <target_audience> The primary target audience includes CFOs, corporate treasurers, and enterprises seeking to optimize their financial supply chains, reduce sourcing costs, and ensure compliance with digital trade and ESG standards. </target_audience> <revenue_model> PrimaTrade generates revenue by offering a platform that enables companies to save over 1% on sourcing costs through supplier discounts for automated, instant, funded payments at shipment. </revenue_model> ```

What does PrimaTrade do?

Where is PrimaTrade located?

PrimaTrade is based in Guildford, United Kingdom.

When was PrimaTrade founded?

PrimaTrade was founded in 2022.

How much funding has PrimaTrade raised?

PrimaTrade has raised 95690000.

Location

Guildford, United Kingdom

Founded

2022

Funding

95690000

Employees

17 employees

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PrimaTrade

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Executive Summary

prima.trade 3K+

Crunchbase

Founded 2022 – Guildford, United Kingdom

Funding

Estimated Funding

$50M+

Team (15+)

No team information available.

Company Description

Problem

Many companies face challenges in managing and digitizing supplier documentation, leading to inefficiencies in financial supply chains. This results in delayed payments, increased sourcing costs, and difficulties in ensuring compliance with evolving digital trade standards and ESG regulations.

Solution

PrimaTrade offers a platform that digitizes supplier documentation and leverages supplier data to enable instant, funded payments at shipment, allowing companies to achieve over 1% savings on sourcing costs. The platform captures all financial supply chain transactions across various carriers, forwarders, geographies, products, ERPs, brands, categories, and suppliers. By offering early payment options to suppliers, PrimaTrade enhances financial supply chains, streamlines trade finance processes, and ensures compliance with digital trade standards. The solution also facilitates the tracking of ESG credentials at the product or SKU level, helping companies meet new environmental, social, and governance regulations.

Features

Digitization of supplier paperwork, enabling efficient supply chain management.

"Cash against data" technology facilitating instant, funded payments at shipment.

Platform captures financial supply chain transactions across all carriers, forwarders, geographies, products, ERPs, brands, categories and suppliers.

Integration with existing SCF programs without requiring changes to funders or platforms.

ESG data collection and reporting at the product or SKU level.

Compliance with ICC's digital trade standards.

IT-light implementation requiring minimal IT involvement.

Scalable solution suitable for global MNCs to SMEs.

Target Audience

The primary target audience includes CFOs, corporate treasurers, and enterprises seeking to optimize their financial supply chains, reduce sourcing costs, and ensure compliance with digital trade and ESG standards.

Revenue Model

PrimaTrade generates revenue by offering a platform that enables companies to save over 1% on sourcing costs through supplier discounts for automated, instant, funded payments at shipment.