Demica, one of the world’s largest providers of supply chain finance SaaS solutions, has partnered with Lenovo’s channel solution and service team to co-develop and enhance the distributor finance platform, allowing Lenovo to provide extended services to its distributors.
Lenovo’s channel solution and service team has a longstanding and successful track record of extending credit to its strategic channel partners with flexibility to extend terms as required to fund working capital and drive sales. Moving forward, the Demica platform will allow Lenovo to retire its existing technology platform and extend its range of services to its distributors.
Demica and Lenovo’s channel solution and service team have worked together since 2019 after Lenovo brought the activity in-house and launched a trade receivables securitisation, one of the largest launches that has ever signed. Lenovo appointed Demica to report on the transaction covering 31 markets globally and in 14 currencies.
“We are delighted to extend our relationship with Lenovo’s channel solution and service team and add this important supply chain finance product to the Demica platform. The product has tremendous application across the banking and captive finance market and we are excited to drive its commercialisation with the Lenovo channel solution and service team.”
Maurice Benisty, Demica’s CCO.
“The decision to appoint Demica as a platform provider to Lenovo’s channel solution and service team reaffirms the importance of distributor finance as a tool to drive growth and optimise terms for Lenovo and its channel partners. The Demica platform represents the future of supply chain finance for banks and fintech as the market transitions from legacy technology to flexible, modern cloud-based solutions,”
Christoph Heitjans, Executive Director and GM of Lenovo’s channel solution and service team
About Demica
We are a market-leading fintech, powering the trade finance programmes of the world’s largest trade banks and corporations. Demica’s proposition is simple: our intuitive, cloud-based platform enables financial institutions and corporates to automate and scale their working capital solutions. Today, we have US$27bn of Assets under Administration1, across the full spectrum of working capital products. Funded by a diverse range of banks and institutional investors, these programmes enable companies to strengthen their supply chains and redeploy capital to drive growth. To learn more, visit Demica.com.
1 Assets under Administration is the total value of the receivables on the Demica platform across receivables and payables programs as at 31st December 2022.
About Lenovo
Lenovo (HKSE: 992) (ADR: LNVGY) is a US$70 billion revenue global technology powerhouse, ranked #171 in the Fortune Global 500, employing 82,000 people around the world, and serving millions of customers every day in 180 markets. Focused on a bold vision to deliver smarter technology for all, Lenovo has built on its success as the world’s largest PC company by further expanding into key growth areas including server, storage, mobile, solutions and services. This transformation together with Lenovo’s world-changing innovation is building a more inclusive, trustworthy, and sustainable digital society for everyone, everywhere. To find out more visit https://www.lenovo.com.
For media enquiries, please contact –
Daniel O’Hara – daniel.ohara@demica.com, 02039585903
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