Soplaya
finmid
Soplaya’s journey streamlining European B2B food supply
Soplaya is revolutionising Europe’s food supply chain by directly connecting farmers and chefs. With an end-to-end operational model and advanced technology, Soplaya achieves industry-leading metrics, including superior operational success, increased margins for chefs and farms, substantial farmer liquidity growth, minimal food waste, and significant CO2 emissions reduction.
Challenge
Soplaya is pioneering Europe's most transparent, efficient and sustainable food supply service by directly connecting farmers with chefs and restaurant owners. Their mission is to transform the food service industry with an end-to-end digital supply chain and innovative technology.
Despite their success, Soplaya faced challenges to scale operations effectively while maintaining high standards of sustainability. They aimed to automate financial processes, implement robust risk analysis, support profitability through strategic fee reductions, and offer diverse payment options to mitigate risks.
Solution
Soplaya found the ideal partner in finmid. By opting for finmid’s B2B Payments solution, Soplaya streamlined its financial operations. finmid's platform stood out for its seamless integration and real-time onboarding, ensuring a smooth and fully embedded payment experience. Unlike other solutions that Soplaya explored, finmid offered broader financing options and facilitated rapid payouts by consolidating monthly transactions into a single payout.
This comprehensive approach drastically reduced the administrative burden and manual work involved in financial operations, allowing Soplaya to focus on optimising its supply chain and supporting their diverse client base. Additionally, finmid provided crucial Italian language assistance for repayment processes and ongoing support to the Soplaya team, ensuring seamless communication and enhanced operational effectiveness across markets.
Mauro Germani, CEO of Soplaya, emphasises: “finmid’s seamless platform integration and extensive financing options have drastically reduced our manual work, improved our operational efficiency, and reduced our credit risk.”
Results
The collaboration between Soplaya and finmid led to rapid payouts, enhanced user satisfaction, and streamlined operations. finmid’s risk analysis capabilities helped manage customer risk effectively, maintaining a healthy and profitable customer base. The flexible payment options ensure buyers have the financial tools they need, and sellers can manage cash flow without lengthy bank approvals.
Outlook
Soplaya plans to expand its financing options for both buyers and sellers, facilitating business growth and sustainability. They are exploring new financing solutions to support their and their partners' growth, ensuring that they remain at the forefront of innovation in the B2B food supply industry.
Through their partnership with finmid, Soplaya has not only overcome its initial challenges but also laid the foundation for future growth and innovation. This collaboration demonstrates how strategic financial solutions can enhance operational efficiency, improve customer satisfaction, and foster sustainable growth in the competitive B2B food supply market.
About Soplaya
Soplaya is revolutionising Europe’s food supply chain by directly connecting farmers and chefs. With an end-to-end operational model and advanced technology, Soplaya achieves industry-leading metrics, including superior operational success, increased margins for chefs and farms, substantial farmer liquidity growth, minimal food waste, and significant CO2 emissions reduction. Learn more about their innovative approach at soplaya.com.
About finmid
finmid is the financial infrastructure provider to today's most popular platforms. With just a few lines of code, finmid enables any B2B software platform to offer financing to their customers at scale, driving revenue and customer retention. The finmid API allows B2B software platforms to build flexible financing solutions with best-in-class user experience. Founded in 2021, finmid is the emerging leader in European financial services infrastructure, backed by leading tech investors. The company is headquartered in Berlin, Germany. To learn more about finmid, visit finmid.com.
You might also like
Customer stories
Bridging the financing gap: VonWood's role in revolutionising timber trade
Max Schertel
30.05.2024
News
finmid raises €35 million and partners with industry leaders
Alexander Talkanitsa
16.04.2024