Pilon offers a cloud-based supply chain financing system that digitises factoring, automating transactions and invoice tracking to help suppliers, buyers, and financial institutions manage cash flow. The platform enables suppliers to access owed payments early while giving buyers more time to pay. Pilon has implemented its system outside Singapore with partners including Robinsons Bank and Universal Robina and is onboarding buyers in retail/supermarts, construction & development, and F&B in the Philippines. The company established a Metro Manila division and added relationship managers, live chat, and walkthroughs to improve adoption among varying tech-savviness. Pilon plans to expand further in the Philippines and Cambodia and explore new markets including Vietnam, Thailand, and Indonesia, and to integrate with other business units such as Energy, Retail and Airlines. Founded in 2020, Pilon collaborates with banks and financial institutions across Southeast Asia to digitalise factoring processes. Pilon builds a cloud-based supply-chain financing platform to help suppliers access working capital and streamline payment flows with their buyers. The company offers digital financing solutions aimed at SMEs that are often excluded from formal finance. Pilon plans to use new funding to improve its digital product offerings and scale operations. It intends to expand its footprint in existing markets such as the Philippines and Cambodia and enter either Vietnam, Thailand or Indonesia within the next year. Pilon also aims to grow its team, scale business acquisition, onboard another 1,000 suppliers, and collaborate with five additional financial institutions across the region. The company emphasizes improving cash-flow access and predictability for suppliers and buyers.

Total raised

$5M

Funding rounds

2

Latest round

Seed

Latest activity

Jan 2023