SupplierPlus

What SupplierPlus does

SupplierPlus is a privately held, tech-driven Supply Chain Finance (SCF) platform headquartered in Tallinn, Estonia, founded in 2015 as SupplierPlus OÜ and previously operating the Inwise.co P2P invoice financing product launched in 2016. The current platform, launched in 2019 as SupplierPlus.com, facilitates reverse factoring (payables finance) in which corporate buyers initiate SCF programs and invite their suppliers to sell approved receivables to a network of banks at buyer-risk-based pricing. The platform serves two primary customer segments: (1) corporate buyers with strong credit profiles seeking extended payment terms without harming suppliers, and (2) SME suppliers seeking early payment on receivables at lower cost than traditional factoring, with banks and financial institutions participating as funders acquiring the approved invoices. Underlying technology is a 100% online platform with digital document exchange, electronic signatures, and automatic data exchange, built on AWS RDS MySQL with TLS 1.2 transport encryption and data-at-rest encryption, GDPR-compliant under Estonian law, with hosting infrastructure aligned to SOC and ISO standards.

The business model is fully transactional: SupplierPlus charges a discount fee on each financed invoice, calibrated to the buyer's credit profile and applied only for the actual financing period, with no recourse to suppliers and no additional fees. An indicative example cites a 50 EUR fee on a 10,000 EUR invoice over 30 days, implying fee rates meaningfully lower than standard factoring (claimed reduction from 24% to 6% annualized). The company employs 11-50 staff and operates through six country offices across Estonia, Latvia, Lithuania, Poland, Ukraine (with a licensed factoring subsidiary established in April 2020), and Bulgaria. Notable named buyer partners include Food Union, YIT (since 2016), HKScan, DHL Estonia, Stora Enso, Coop, Utilitas, Auga, and the Estonian Road Administration, with supplier customers spanning construction, food processing, retail, and electric mobility. Revenue is concentrated around invoice-financing transaction fees across this multi-country platform, with the company remaining self-funded, founder/management-led (CEO Kaspar Kägu, CBO Peeter Puppart, CCO Indrek Vilms, COO Uve Poom, CFO Janek Stalmeister, CLO Airi Jansen-Uueda, Expansion Director Maria Mogilnaya), and with no public revenue or funding figures disclosed.

Name

SupplierPlus

Legal name

SupplierPlus OÜ

Website

https://supplierplus.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

SupplierPlus is a Tallinn-based Supply Chain Finance platform founded in 2015 that enables corporate buyers to initiate reverse factoring programs, allowing their SME suppliers to sell approved invoices to a network of banks at buyer-credit-based pricing across six Baltic and Eastern European markets.

Ownership category

akta.pro rank

Product category

Supply Chain Finance Software

akta.pro primary industry

Supply Chain Finance (Approved Payables / Reverse Factoring) (FSABAHAC)

Keywords

• Supply chain finance
• Invoice financing
• Reverse factoring
• Working capital
• Trade receivables

Headquarters

HQ city

Tallinn

HQ country

Estonia

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Invoice Discount/Transaction Fees: SupplierPlus charges a discount fee on financed invoices. Under reverse factoring, the supplier pays for the service via the discount on sold invoices. The fee includes financing costs and platform margin. No additional fees of any kind.
2. Platform Services: Revenue generated from facilitating invoice financing between buyers, suppliers, and financial institutions. Pricing is based on actual financing volumes with fees calculated only for the actual financing period.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

SupplierPlus is a tech-driven Supply Chain Finance (SCF) platform that enables buyers to release working capital from approved invoices while allowing suppliers to receive same-day payment at buyer-risk-based rates. The platform digitizes document exchange, electronic signatures, and approvals, then connects approved invoices to an international network of bank financiers who acquire them on a non-recourse basis.

Product overview

SupplierPlus is a unified Supply Chain Finance (SCF) platform that operates through two interconnected products: Invoice Finance (allowing suppliers to sell approved invoices for immediate payment) and Reverse Factoring (where buyers initiate programs enabling suppliers to receive early payment at buyer-risk-based rates). The platform also offers SP Solutions as a comprehensive turnkey ecosystem for all SCF participants. The company was preceded by Inwise.co (2016 P2P invoice financing platform) before launching SupplierPlus.com in 2019.

Differentiator

Problem solved

Functional benefit

Products and services

• SupplierPlus Platform A tech-driven Supply Chain Finance (SCF) platform that enables buyers to leverage their supply chains while improving suppliers' access to working capital by financing approved purchase invoices. The platform facilitates the full invoice financing workflow with digital documents, electronic signatures, and automatic data exchange.
• Invoice Finance Invoice financing solution that allows suppliers to sell their approved invoices to obtain immediate payment, with full payment (100% less financing fee), same-day disbursement, and non-recourse invoice selling to bank financiers.
• Reverse Factoring (Payables Finance) Supply Chain Finance mechanism where buyers initiate the program, allowing suppliers to sell receivables to financiers without recourse, with risk and pricing based on the buyer's credit profile rather than the supplier's, enabling competitive financing rates.
• SP Solutions Turnkey Supply Chain Finance ecosystem solution for buyers, suppliers, and financiers, covering the technological, legal, and operational needs of all participants with full supply chain financing capabilities.

Quantifiable outcome

• Financing costs reduced from 24% annually (standard factoring) to 6% annually with SCF
• +3 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Food UnioncoreStrategic or Co-development Partner · 1 January 2016Corporate buyer partner in the SupplierPlus SCF platform. Food Union is a major dairy and beverage company in the Baltic region.
• YIT EstoniacoreStrategic or Co-development PartnerCorporate buyer implementing SCF with SupplierPlus since 2016. YIT is a major construction and real estate company.
• HKScancoreStrategic or Co-development PartnerCorporate buyer partner - major Nordic meat company with operations in the Baltic region.
• DHL EstoniaminorStrategic or Co-development PartnerLogistics company participating as buyer in the SCF program.
• Finance EstoniaminorGTM or Marketing PartnerIndustry association membership providing networking and credibility in the Estonian financial services sector.
• ITFA (International Trade & Forfaiting Association)coreGTM or Marketing PartnerInternational trade and forfaiting association membership. Co-organizer of Tallinn SCF Summit 2023.
• IFC (International Finance Corporation)minorStrategic or Co-development PartnerPartner in Tallinn SCF Summit 2023, focuses on SCF market development in CEE region.
• The Working Capital ForumminorGTM or Marketing PartnerEvent partner for Tallinn SCF Summit 2023.

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• PrimeRevenue: Global SCF platform operating multi-bank supply chain finance programs for large corporates; offers comparable buyer-initiated reverse factoring and supplier financing functionality to SupplierPlus.
• C2FO: World's largest non-bank supply chain finance and working capital platform, serving enterprise buyers and suppliers globally; the most prominent direct competitor to SupplierPlus in the buyer-led SCF category.
• Taulia: SCF and dynamic discounting platform (acquired by SAP) connecting buyers and suppliers for early payment; competes with SupplierPlus in the buyer-initiated, multi-financier SCF space.
• MarketFinance / Kriya: UK-headquartered invoice finance and supply chain finance platform rebranded under Kriya; competes with SupplierPlus in providing tech-enabled invoice discounting and SCF to SMEs and corporates.
• Demica: London-based supply chain finance technology provider offering reverse factoring and payables finance to corporates and banks; directly comparable to SupplierPlus in buyer-initiated SCF platform model.

Broad incumbents

• Citi Supply Chain Finance: Major global bank's SCF offering providing payables financing to large corporates; a key incumbent competitor for SupplierPlus's enterprise buyer prospects.
• HSBC Trade & Supply Chain Finance: Global bank running large in-house payables finance and SCF programs for enterprise clients; competes with SupplierPlus for the same buyer-issuer mandates, with the advantage of in-house financing capacity.

Others

• Fundbox / Kilde (invoice factoring): Alternative fintech invoice financing platforms; adjacent to SupplierPlus in the broader B2B working capital/fintech ecosystem rather than direct enterprise SCF competition.

Emerging players

• Hokodo: European B2B payments and trade credit platform offering invoice financing and SCF solutions; comparable to SupplierPlus as a fintech-led SCF alternative in Europe.
• TradeIX / Marco Polo Network: Distributed ledger-based trade finance network for SCF and receivable financing; comparable in providing an alternative tech platform for buyer-supplier-financier SCF workflows, though more blockchain-focused.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/watch?v=aOcGKeKWdts&list=PLphVOp-6Z8Nptd4lLflmd9l02bnmHOi3m&ab_channel=SupplierPlus
• Xx.com/ivilms
• Facebookfacebook.com/supplierplus
• LinkedInlinkedin.com/company/supplierplus

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SupplierPlus