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Pilon specialises in supply chain financing solutions, helping businesses optimise their cash flow. Their platform ensures suppliers receive immediate payments while allowing buyers extended payment terms, improving overall cash conversion cycles.
Problem
- Late payments: Many suppliers (mostly SMEs) face delayed payments from large enterprise buyers, disrupting their cash flow.
- Limited access to financing: Suppliers often struggle to secure funding from financial institutions, leaving them vulnerable to cash flow issues.
- Lack of credit risk visibility: Most SMEs do not have proper financial systems installed, making it difficult for financial institutions to assess their credit risk.
Solution
- Streamlined supply chain financing: Pilon provides financial institutions with a working capital management platform, with both suppliers and buyers onboarded, enabling them to monitor and capitalise on financing opportunities.
- Buyer-approved financing model: With a “two-way approval” process, buyers must approve supplier financing requests, effectively shifting credit risk to buyers who typically have stronger credit profiles
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Type
Enterprise and Supply Chain
Focus Area
Enterprise and Sustainability
Capital Raised (US$)
1M to 5M
Operational HQ
Singapore
SECTOR
Finance & Insurance
status
Current
founders
Alex Chua, Eddie Lee
partnered
2023
exited
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