Supply Chain Financing & Collections
Corklinc is a platform that offers overall supply chain financing and collection solution such as Factoring, Reverse Factoring, Invoice Discounting, and Loan Against Electronic Receivables.
This platform is designed to cope with various regulatory requirements with easy configuration, customizability, and efficient deployment.
Corklinc interconnects parties, including funders, buyers, and suppliers, and enables users to exploit new opportunities in the market seamlessly and securely.
Platform Overview
MSMEs in emerging and developed markets, alike, form the backbone of the economy. However, lack of access to low-cost finance continues to remain the single biggest impediment for the SME growth. SMEs account for 99.3% of the companies in Bahrain and contribute 30% to GDP, and 8% to exports. The SMEs Development Board of Bahrain aims to strengthen SMEs capacities and boost SMEs contribution to the GDP to 40% and SMEs exports to 20%. The Government has initiated various initiatives to meet the stated objectives.
The aim of Corklinc platform is to provide liquidity programs through a bank led model to the participants across the chain of the anchor. This liquidity is provided either through financing activity or through collections activity or a combination of both. Corklinc is focused on the industry sectors and is “anchor” driven. The following are the major industry sectors that are served through the platform right now.
Sector Proposition Sample
Business Benefits
Access to funding for MSMEs at lower cost
Improved management of cash flow for MSMEs (financial soundness)
Financing of buyer’s accounts payable on off-balance sheet at no cost
Buyers can negotiate better deals with suppliers
Provides business sustainability
Improved relationship between supplier and buyer
Digitizing banking transactions
Connect with us | Request A Demo
CONTACT US
Fakhro Tower
16th Floor, Building 470,
Road 1010
Sanabis, 410
Kingdom of Bahrain
Tel: +973 17 464 785
+973 17 464 444
Fax: +973 17 464 400