Stemly raises USD2.5m from leading investors in SEA
Stemly spun out of ING Labs Singapore incubator raising USD2.5m from Elev8, ING Ventures, EDB Ventures and Resolution Ventures. Stemly was created in 2018 to help to solve the decision intelligence problems that exist in supply chain operations and finance. Stemly’s platform helps multi-national companies to make decisions with data science tools that enable it to automate inventory forecasting and optimize the supply chain and finance processes.
Stemly is able to help businesses reduce their inventory and working capital holding costs by 10-40%. “Businesses are challenged by the uncertainty in supply chains, where demand and supply fluctuations have been amplified by the pandemic of late,” said Stemly co-founder Sanjay Saini. “Stemly empowers managers to make better and faster decisions in demand forecasting, inventory optimization, and cash flow management, ultimately reducing their operating cost and improving their operational efficiency.”
Resolution Ventures, a seed-stage Fintech fund focused on Southeast Asia, is excited to be able to support founders that are tackling an enormously complex global market with cutting edge technology that can make significant improvements in the financial operations of the underlying businesses.
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