Meatbox Global , a B2B livestock products distribution platform company, announced on the 29th that it will establish an investment fund specializing in meat-backed financing together with Stonebridge Asset Management and enter the distribution finance market in earnest.
The purpose of this fund is to provide asset-based financial services including livestock product collateral loans and import sales, and Meatbox Global established a subsidiary, Meat Match Loan, for this purpose. The subsidiary operates financial services specialized in livestock product distribution using funds raised by Stonebridge Asset Management, and the service began on the 25th.
'Mitron No. 1' launched by Meatbox Global is a livestock product-specific financial product that covers everything from secured loans to imports and purchases, and was developed to improve the limitations of the existing meat collateral market. It is explained that it has improved the problems of the existing system, such as errors in collateral value assessment, losses due to price declines, and false and duplicate collateral settings.
The service operation utilizes MIT (Meatbox Insight Tech-Service), a proprietary livestock data analysis system. Based on customer and transaction data, the collateral value is reasonably calculated and real-time price monitoring is provided to respond to price fluctuations. Collateral is managed through physical inspection at a designated logistics warehouse operated by Stonebridge Asset Management, and the safety of the storage and distribution process has been enhanced through collaboration with Ace Refrigeration, a specialized imported meat frozen logistics company.
Meatbox Global plans to provide the service to various livestock distribution companies based on its platform and distribution network.
A company official said, “This investment and business expansion is the first step toward creating a livestock-based financial ecosystem,” and “We will present a new business model that combines distribution and finance by utilizing Meat Box’s industry expertise and network.”
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