Supporting Seabank’s B2B positive Expansion

Supporting Seabank’s B2B positive Expansion

How we are supporting USD 1x million to USD 4x million business expansion

Now imagine, last quarter you launched a product and it's a big success. At the peak point, it's stagnant because the loan flow is too linear, causing a bottleneck in approval, and upscaling requires more people. We were thinking it's a banking sector that should be linear and cautious. Like the common B2B product, the name itself, Supply Chain Financing, gives a feel of complexity.

So, what is Supply Chain Financing?

Supply Chain Financing involves a third-party financial institution (like a bank) providing financing to either the buyer or the supplier, allowing for early payment or extended payment terms, which is used to improve the working capital and liquidity of businesses involved in a supply chain.

Let's see this illustration

Imagine 'SMart,' a large retailer, needs to pay its smaller supplier, 'PT Creative Goods,' $100,000 for a shipment. SMart's policy is to pay in 90 days to manage its own cash flow, but this long wait puts a financial strain on PT Creative Goods, who needs money now to cover its operational costs. This is where Supply Chain Financing (SCF) provides a perfect solution, initiated by MegaMart to support its valued supplier. SMart approves Creative Goods' $100,000 invoice, essentially guaranteeing to a finance company that the payment is legitimate and will be paid in 90 days. Based on SMart's strong credit, the finance company immediately offers to pay PT Creative Goods upfront, for example, $99,000. PT Creative Goods happily accepts the immediate cash, and the finance company earns a small fee. When the 90 days are up, SMart pays the full $100,000 directly to the finance company, fulfilling its original payment term. This way, PT Creative Goods gets paid quickly, SMart keeps its extended payment terms, and the entire supply chain remains financially healthy.

What is the core problem?

Every role had rigid capabilities that limited permissions, and the Approval Chain was multi-layered, adding friction and complexity.

Our solutions?

Before, only the Principal could request a loan, but now we want to give the Supplier the same ability, turning it from a one-to-many to a many-to-many setup. The idea is that the Principal should ultimately be aware of what their Suppliers are doing. So we created a centralized hub where every request lives, which we call Bucket Approval.

Sounds good?

Of course, we've managed to increase productivity dramatically; the latest data shows it has grown to 6x-7x the initial throughput, which has been fantastic for our overall business expansion.

Previously, our flow was like this:

To this…

Despite the initial challenges and resource commitment required, pursuing this initiative was worthwhile from both a business and platform scalability perspective. The long-term benefits—creating new revenue streams, expanding market share, and improving operational efficiency—significantly outweighed the upfront effort.

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