Repaid

Repaid aims to provide access to funding to SMEs and very smallenterprises without disrupting the ownership structure of these companies.Repaid operates a platform that brings together funders, buyers andsuppliers of goods and services. Funding is provided by optimizing theworking capital requirements of both buyers and suppliers of goods andservices. Repaid optimization tool utilizes supply chain finance techniquesto enable suppliers to get paid immediately while buyers can delay theirpayments from original payment terms. With easy onboarding suppliers of good and services are allowed to selltheir receivables to a funder at a pre agreed discount in exchange ofimmediate payment. Payment is automatic and fast utilizing API servicesfrom local banks in Cyprus. Bu participating in a supply chain financeprogram supplier reduce payment risk and improve their liquidity sincepayment is done without recourse. Buyers of good and services are the initiators of these kind of transactionsfollowing selection of some suppliers to participate which are recuringproviders of goods and services and have special importance ion thesupply chain. To make early discount feasible buyers approved thereceivable for payment and provides the funder irrevocable promise to pay.Funders make early payments of receivables in exchange of promissorynotes issued by the buyer of goods and services. Settlement of paymentsare made according to new extended terms agreed between the funderand the buyer that owes the money. Supply chain finance offers a rare “win-win” scenario for all. If implementedproperly, the entire supply chain - buyers, suppliers, and funders will standto benefit from supply chain finance.Buyers benefit from extended payment terms (aligned to local regulations)and hence, reducing working capital requirements. Suppliers in turn,benefit from having access to accelerated cash flow at preferentialdiscount rates which allows them to receive payment for approved invoicesearlier and at a lower cost. Funders are presented with a uniqueopportunity to invest in new themes that reflects real economy trends in awell-diversified manner Every day, companies rely on working capital to fund their physical supplychain, support growth, pay for strategic initiatives and provide a financial
cushion. Buyers and Suppliers can be faced with conflicting objectives;Buyers want to maximize payment terms while Suppliers want to receivepayment as early as possible. Traditional financing methods can befrustrating at times. Repaid offers a solution to this problem!