Supply@ME (SYME) Share Price Climbs on Singapore Commodities Trade Enabler Acquisition

Shares of fintech platform Supply@ME (LON: SYME) are climbing on Tuesday after the company announced it has signed Heads of Terms to acquire a leading FinTech-powered commodities trade enabler focused on SMEs.

SYME’s share price is trading at 0.502p after a 4.5% rise.

SYME said the acquisition will allow it to complete its global offering by monetising inventory, commodities in particular, “in-transit”.

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The UK-based firm said the acquisition will “generate a number of attractive synergy benefits for SYME from both a funding and customer origination perspective.”

The company expects to complete the transaction within the next month. They also plan to issue a trading update before the end of March.

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