PILON

PILON, a Singapore-based startup founded in 2020, offers supply chain financing solutions aimed at boosting strategic cashflow for buyers and ensuring timely payments for suppliers. The company's slogan, "Supply Chain Financing Solutions to increase buyer's strategic cashflow and help suppliers to get paid, on-demand," succinctly captures its mission.

PILON's innovative approach involves collaborating with suppliers to grant them immediate access to their owed payments, while simultaneously providing buyers with extended payment timelines. Through the automation of transactions and the tracking of approved invoices, PILON leverages technology to facilitate better cashflow management for both parties involved, ultimately enhancing operational efficiency in the process.

The company recently secured a Seed Round investment on 15 June 2023, with Kaya Founders joining as investors. This investment not only underscores the confidence of the investment community in PILON's business model but also provides the necessary capital to drive further growth and expansion.

With its focus on addressing critical cashflow challenges within the supply chain, PILON is well-positioned to make a significant impact in the industry, potentially revolutionizing the way buyers and suppliers manage their financial operations.