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Tungsten reports 300 percent increase in invoicing financing volume

Friday 27 May 2016 11:52 CET | News

Tungsten has reported that in the financial year (FY) that has just ended, Tungsten financed invoices for 79 suppliers totalling over GBP100 million, compared with GBP32 million for 38 suppliers in FY15.

The growth potential in supply chain finance (up 300%) is furthermore underlined as Tungsten processed 16.1 million invoices in fiscal 2016, an increase of 9% compare to the prior year.

Moreover, revenues will be up at least 12.5% year-on-year, which could increase if sales cycles shorten.

For more information about Tungsten, please check out a detailed profile of this company in our dedicated, industry-specific online companies database.


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Keywords: Tungsten, supply chain finance, e-invoicing, payments , suppliers
Categories: Banking & Fintech
Companies:
Countries: World
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Banking & Fintech






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