Mizuho Financial Group inks strategic deal with PrimeRevenue in SCF

Wednesday 8 October 2014 09:01 CET | News

Global financial institution Mizuho Financial Group (Mizuho) has partnered with PrimeRevenue, a US-based SaaS supply chain finance (SCF) platform operator, to provide supply chain finance solutions in the market.

By using PrimeRevenue’s financial supply chain solution dubbed OpenSCi, a number of clients of Mizuho are set to have enhanced access to working capital. In addition to this, supply chain finance solutions provide the option to their suppliers to get paid early in order to gain access to liquidity.

In May 2014, Rexel, a global distributor of products and services for the energy world, selected the OpenSCiTM solution from PrimeRevenue to set up and manage their supplier finance program.

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Keywords: Mizuho Financial Group, PrimeRevenue, SCF, SaaS, supply, chain, finance, OpenSCi, working capital
Categories: Banking & Fintech
Countries: World
This article is part of category

Banking & Fintech