LSE:SYME (Supply@ME Capital plc)
About SYME
Supply@ME Capital is a financial technology group that was founded by chief executive Alessandro Zamboni in 2017. Supply@ME is developing inventory monetisation services that will allow manufacturing and trading companies to borrow funds based on the value of their goods inventories.
The company says that its service will allow clients to create a digital version of its inventory, which will be sold to secure the funding. Supply@ME expects to implement tracking and monitoring systems including blockchain technology to ensure inventory is tracked correctly at all times.
Supply@ME joined the London Stock Exchange in March 2020. The group has since reported activities in regions including Italy, the UK, the Middle East, and the United States. In July 2021, Supply@ME Capital added to its capabilities with the acquisition of Singapore-based fintech commodities trade enabler TradeFlow Capital Management.
Frequently Asked Questions
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Supply@ME Capital shares were admitted to trading on the London Stock Exchange on 23 March 2020. This flotation was structed as a reverse takeover by a company called Abal Group, which was subsequently renamed Supply@ME Capital. The SYME share price at flotation was 1.1p per share.
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Supply@ME Capital is not expected to pay a dividend this year. This business is still at an early stage of its development and is loss-making with minimal revenue. As such, accounting rules and cash reserves are unlikely to permit a dividend payout.
Supply@ME Capital plc (LSE: SYME) Latest News
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