Established with the express aim of shaking up the supply chain finance industry, the acquisition of Fibi is seen as a key element in the firm’s plans to provide suppliers with access to accelerated invoice settlement on a transparent and simple to execute basis.
In the six months since floating on AIM, the firm claims to have made strong progress overall in integrating its financing and analytics capabilities into the e-invoicing network; and in organising the combined Tungsten group to be capable of large-scale growth.
Edmon Truell, City financier + buyer of OB10 + Fibi board chair:
“The opportunity to create a disruptive global player is even greater than I first thought. We can realistically aim to create the leading global digital invoicing network, serving the world’s largest corporates and governments.”
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