Daily Pay (CEO Hae-Woo Lee) , a small business financial solutions company, announced on the 20th that it signed a 'MOU for mutual cooperation for innovation in the mart/food supply chain and revitalization of the local economy' with retail tech startup Azwemake.
This agreement aims to leverage the data analysis capabilities and distribution networks of both companies to improve supply chain efficiency in regional supermarkets and food distribution industries, and to expand the provision of liquidity solutions to small business owners.
DailyPay provides financial services to small business owners, helping them improve their credit ratings and cash flow based on over 100 million real-time big data points. Key services include accounts receivable factoring, purchase financing, and flexible business card limits. The maximum daily transaction amount reached approximately 13 billion won.
Azwemake provides digital transformation solutions based on its network of approximately 1,600 grocery stores nationwide, and has been improving the management efficiency of its affiliated stores through over 400 million sales data items annually.
Through this collaboration, the two companies plan to jointly develop financial solutions for the food distribution sector, establish a data-based analysis system for supply chain innovation, support digital transformation and liquidity improvement for small business owners, and pursue cooperative measures to revitalize local commercial districts.
DailyPay CEO Lee Hae-woo said, “Our real-time big data-based liquidity solution will be able to contribute to coordinating diverse stakeholders within complex supply chains,” adding, “We expect that the collaboration between our two companies will bring about positive changes to the supply ecosystem centered on small businesses.”
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