Announcing Safi
finmid partners with Safi, providing a seamless embedded finance solution
We're pleased to announce our partnership with Safi, the fast-growing recyclables marketplace. Having just raised $19.5 million Series A, Safi is on a mission to tackle recycling inefficiency by improving the way we buy and sell recyclables globally.
The B2B marketplace connects different recycling facilities for materials such as plastic, paper, and metal to exchange materials and turn them back into raw materials for manufacturing. Safi provides sellers and buyers access to the best prices and instant expansion into global markets. “Building a bridge between buyers and sellers on opposite sides of the world is a complex challenge that motivates us”, said Safi CEO Rishi Stocker.
Through our partnership, finmid supports Safi to tackle this challenge with embedded finance. Recyclable facilities providing initial materials can access early payouts, which provides an additional layer of security and trust when trading with secondary recycling facilities across the globe. The buyers, on the other hand, can also access extended payment terms, smoothing their cash flow.
finmid’s embedded B2B finance solution helps Safi to increase the volume of trades on their platform and contributes to Safi’s vision of providing an end-to-end solution for the recyclables industry; from matching buyers and sellers, to facilitating finance, AI powered quality control and online transaction management.
Stocker says:
“With finmid’s embedded solution, we’re able to provide finance that works seamlessly for our customers. It’s the experience we strive for on our platform”
We’re excited to support Safi growth ambitions and contribute to more efficient recyclable trade worldwide.
