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.
Funding
$95.7M 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
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.
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.
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.