SupplierPlus Solution

With headquarters in Estonia, SupplierPlus operates a multi-financier, currency-agnostic supply chain finance (SCF) platform, focused on expanding SME access to finance. It operates SCF programmes in the Baltics and other CEE countries, working with suppliers from all over the world.

SupplierPlus operates a full-service SCF platform for buyers, suppliers, and financiers. Launching an SCF programme is a complex undertaking, so SupplierPlus is designed for easy and free implementation for buyers, suppliers and financiers, achieving fast ‘time-to-wow’. As a holistic SCF solution, SupplierPlus caters to all stakeholders’ technological, legal, and operational needs.

Most bank-led SCF arrangements are limited in the range of buyers and suppliers they can finance, focusing on larger volumes in selected geographies. SupplierPlus is an unconstrained intermediary that enables unparalleled flexibility and range of serviceable clients.

What makes SupplierPlus unique is its state-of-the-art technology and extensive localisation, delivering combined compliance, security and agility.

The platform uses KSI Blockchain timestamping by Guardtime, legally binding electronic confirmations (through integrations with SK ID Solutions and eID Easy), up to qualified electronic signatures, in line with eIDAS Regulation. For onboarding, SupplierPlus uses automated KYC/AML checks to screen suppliers to banking industry standards using national business registries as well as reliable database aggregators such as Dun & Bradstreet. SupplierPlus uses Veriff’s online identity verification solution to verify suppliers’ legal representatives and iDenfy’s real-time compliance monitoring.

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Maria Mogilnaya

Director, Expansion and Partnerships

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