- BD Bankers is working on financing up to $100 million in Intellectual Property (“IP”) and equipment lending intended to integrate advanced systems and fintech patents held by the company
- The company will facilitate B2B financing for its merchants, supporting their advancement in B2B technology by utilizing IP lending financing
- The global supply chain finance market was valued at $6 billion in 2021. It is projected to reach $13.4 billion by 2031, growing at a CAGR of 8.8% during the forecast period
SUIC Worldwide Holdings (OTC: SUIC) and Boom Fintech Inc., a fully-owned subsidiary of Beneway Holdings Group, Ltd USA, recently announced a financing planning with BD Bankers to access credit of up to $100 million in Intellectual Property (“IP”) and equipment lending financing intended for the integration of advance systems and fintech patents held by Boom Fintech Inc. The new development brings substantial support for the company’s global partner merchants and franchisees, bolstering supply chain integrations for suppliers and accelerating plans for an initial public offering of Beneway USA (https://ibn.fm/8VLGq).
Boom Fintech, Inc. (Taiwan), a majority-owned subsidiary of Beneway USA, possesses a robust IP portfolio with nine groundbreaking fintech patents. Specializing in integrating various payment systems, electronic invoice devices, mobile cash registers, POS system devices, enterprise resource planning, as well as big data and AI services into a comprehensive “All-in-One” product, Boom Fintech aims to offer standardized intellectual property modules to diverse industries, ranging from chain department stores to night market vendors.
The company will facilitate B2B financing for its merchants, supporting their advancement in B2B technology by utilizing IP lending financing. Through collaborative efforts between SUIC, Beneway USA, and Boom Fintech, it remains committed to delivering cutting-edge technology to expedite expansive growth and seamless market integration.
The global supply chain finance market was valued at $6 billion in 2021. It is projected to reach $13.4 billion by 2031, growing at a CAGR of 8.8% during the forecast period. Growth is driven by the rising need for the safety and security of supplying activities and the surge in SMEs’ adoption of supply chain finance in developing countries. Additionally, increased competition and new supply chain finance agreements fuel the market’s growth. Even with the growth, the rise in trade wars and high implementation costs are retraining the overall growth potential (https://ibn.fm/SAqMT).
Hank Wang, CEO of SUIC, explained that his company was the biggest investor, shareholder and major operating partner of Beneway USA and that this agreement was a good opportunity for SUIC to optimize overall performance in a crucial moment as advanced patent technology innovations have become available. “We believe that this will strongly support our business partners, merchants, and franchisees and drive our collective efficiency and growth in the near future. We are intent in achieving the highest value for our shareholders,” Wang added. “We highly value the trust of our customers and partners in our successful expertise and integrated supply chain over the years.”
In the fintech industry, Beneway connects borrowers and lenders. It builds strategic partnerships by bridging the various stakeholders to provide a holistic financial delivery ecosystem, integrate advanced systems, and finance its global merchants and franchisees. In addition to fintech, supply chain integrations are also of interest to the company. Beneway has identified additional industries for future expansion, including medical and health care, high-tech digital AI systems, environmental protection, and energy-related production.
SUIC shareholders are exposed to a diverse application of advanced services in various parts of the economy. Also, existing and potential customers can benefit from the company’s diversified portfolio of technologies. As one of the pioneering publicly traded technology companies, SUIC will help build tech-enabled businesses of the future.
For more information, visit the company’s website at www.SinoUnitedCo.com.
NOTE TO INVESTORS: The latest news and updates relating to SUIC are available in the company’s newsroom at https://ibn.fm/SUIC
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