Umati Capital Wins Mobile App Award from Citi

Innovative apps enable supply chain financing between farmers, traders, and processors.The Umati Supply Chain Finance Solution is a suite of mobile and web-based applications that allow corporations to approve invoices and SME suppliers to access working capital against those approved invoices. The company received the “Most Innovative Solution for Business” award in the Citi Mobile Challenge for creating apps to support supply chain financing. Based in Nairobi, Kenya, Umati Capital works with farmer cooperatives, traders, and processors to simplify financing for small- to medium-sized enterprises in emerging markets. www.umaticapital.com

Innovative technology like Umati’s solution will help drive the adoption of supply chain finance in emerging markets. AGC is committed to building a stronger foundation for economic and social development in the communities where we operate. In addition to working with factors to provide funding for supply chain finance to SMEs, we offer our expertise in business development and technology assistance to strengthen the financial institutions that serve local enterprises.

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