Aequo advised Supplier Plus Group OÜ on the launch of an online credit platform in Ukraine
Aequo advised SupplierPlus Group OÜ, Estonia, on the launch of SupplierPlus, a Supply Chain Finance solution, considerably simplifying the factoring process, which works on the basis of blockchain technology, in Ukraine.
Aequo advised on compliance of the SupplierPlus and its business model with the Ukrainian legislation, assisted with the drafting and reviewing the agreements to be used by SupplierPlus in its commercial operations and represented the latter in negotiations with Ukrainian banks – potential partners of the platform.
SupplierPlus is a reverse factoring platform. It lets corporations leverage their strong credit profiles to finance suppliers and simplifies invoice financing. The platform allows buyers to improve payment terms, pricing and delivery stability, while suppliers unlock access to a highly competitive stream of financing. As a result, buyers with a strong credit profile can work with the desired payment periods, while suppliers can get paid instantly.
SupplierPlus allows companies to finance individuals deals, particular projects, or long-term supply relations. It combines innovations in finance, law and technology to unveil new opportunities in working capital management.
Yulia Kyrpa, partner and head of Fintech at Aequo: "It was our pleasure to assist with such a great initiative, especially in this challenging period, when innovations in the financial sector have become crucially important. We strongly believe that SupplierPlus will help Ukrainian business to become more flexible and progressive during the pandemic and will facilitate growth of the Ukrainian economy."