Tungsten Network and Orbian to offer Invoice Financing

Thursday 4th February, 2021

Tungsten Network has extended its partnership with Orbian a leading global Supply Chain Finance provider, to provide additional Invoice Financing services to suppliers on the Tungsten Network.

Roger, a closely aligned partner of Orbian, and leading fintech invested by Societe Generale headquartered in the Czech Republic, will provide the invoice financing services to select Tungsten Network suppliers domiciled in Czech Republic and Slovakia. Operating since 2013, Roger specialises in financing of digitalised invoices and has helped hundreds of companies finance more than 200,000 invoices exceeding GBP 200 million.

Leveraging Tungsten’s automated and digitised invoice processing, the new direct supplier invoice financing service will help suppliers optimise cash flow, eliminate long invoice maturity concerns, access liquidity, and improve working capital performance.

The move is an extension and complement to the current Tungsten and Orbian partnership services which provide payables-led Supply Chain financing services to Buyers on the Tungsten Network.

Andrew Lemonofides, CEO of Tungsten Network, said, “As the economic cycle returns to growth, we welcome partnerships that help us support our customers’ cash flow positions in challenging times. Through our partnership with Orbian, we can continue to provide relevant value for dynamic customer needs over time.’’

Thomas Dunn, Chairman of Orbian, said “We have been actively looking for the technology and services that Roger has developed and are excited to deliver these high value capabilities to companies within the Orbian Tungsten Network.”