LFX Drives Air8's Digital Transformation in Supply Chain Finance for SME Exporters
Air8’s factoring service for my outstanding bills was an absolute lifesaver in a time of urgent financial need. Their streamlined process and user-friendly platform made it incredibly easy for me to submit my invoices and receive quick funding.
-Syamjith, Accounts Manager of Ram Coir Mills in India.
Air8 is a digital venture of LFX with a focus on connecting small and medium-sized exporters (SMEs) in emerging economies with international funders to facilitate inclusive financing. Through its insights-driven platform, Air8 not only provides early access to capital but also helps SMEs mitigate buyer-related risks through enhanced supply chain visibility, enabling informed decision-making and market diversification.
Leveraging LFX and Li & Fung's extensive global supplier network, Air8 has rapidly expanded its supply chain finance operations. The platform harnesses LFX's comprehensive supplier network and data insights to address the specific challenges faced by SME exporters, providing crucial capital to enhance their operational capabilities. Since launching in 2021, Air8 has provided financing to SME exporters globally, surpassing US$1 billion in annual Gross Merchandise Value (GMV).
With LFX's backing, Air8 is transforming supply chain finance, fostering growth and resilience while creating value throughout the supply chain. This partnership between Air8 and LFX empowers SME exporters to confidently pursue new opportunities, contributing to a more sustainable and efficient global supply chain ecosystem.