eCargo Secures US$5 Million Debt Facility to Grow Supply Chain Platform
eCargo Holdings Limited (ASX: ECG), a leading supply chain company specializing in helping brands expand and sell more in the Asian market, has announced the acquisition of a new private debt facility. The facility, valued at US$5 million, has been secured with AlteriQ Global, an Asia-focused private credit investment firm. The funds will be used to fuel the growth of eCargo’s proprietary B2B eCommerce platform, Flow.
Flow offers comprehensive B2B supply chain solutions for international trade, including buyer-supplier management, international logistics, and credit management. With this new funding, Flow will be able to facilitate a higher number of B2B transactions as well as support higher transaction values for its expanding client base of buyers and suppliers. This will enable Flow to attract new clients, assist existing clients in scaling their operations, and expand into new regions while ensuring scalability, security, and reliability.
Over the past year, the Flow platform has experienced significant growth in user adoption and transaction volume, driven by evolving market dynamics and supply chain disruptions. This surge highlights the demand for a reliable supply chain partner like eCargo, capable of overseeing end-to-end order management from origin to destination.
Numerous proposals were reviewed from a variety of lenders, and AlteriQ emerged as the preferred choice due to its extensive experience in the credit sector and portfolio of companies that can leverage the technology and services provided by Flow. Following an extensive due diligence process covering all aspects of eCargo’s business, AlteriQ has granted a 12-month debt facility.
Commenting on the new debt facility, eCargo CEO Lawrence Lun expressed his satisfaction with Flow’s performance over the past year, emphasizing the platform’s significant sales transaction growth. Lun highlighted the vital role that Flow plays in supporting brands and retailers as they navigate supply chain disruptions, prolonged cash conversion cycles, and changing import regulations. He also noted that securing external funding for the first time since listing demonstrates the maturity of eCargo’s business model in the market. Lun expressed excitement about partnering with AlteriQ, citing their robust experience in the sector, and promised to keep shareholders updated on the company’s progress as it continues to grow.
eCargo Holdings Limited, an ASX-listed company, provides comprehensive supply chain solutions that enable brands to expand and sell more effectively in the Asian market, with a special focus on China. The company offers a one-stop service encompassing logistics, eCommerce, online-to-offline distribution, and B2B supply chain solutions. Trusted by brands in various industries, eCargo builds an agile, digitalized, and integrated supply chain infrastructure to drive operational efficiency and support omnichannel growth in new markets.
AlteriQ Global, on the other hand, is an Asia-focused private credit investment firm specializing in Southeast Asia. The company is dedicated to building a fully integrated financing ecosystem, acting as a capital partner with a regional presence, proprietary network of relationships, and risk management expertise. Tailored financing solutions are offered to AlteriQ’s portfolio companies and partners, unlocking value through its resources and ecosystem.
As eCargo secures this new debt facility, the company is well-positioned to accelerate the growth of its supply chain platform, Flow. With the demand for reliable supply chain solutions on the rise, eCargo’s strategic partnership with AlteriQ is set to further solidify the company’s position as a leading player in the industry.
