HomeInsightsNewsFAUREE Signs MOU With Hilal (Pvt) LTD.

FAUREE Signs MOU With Hilal (Pvt) LTD.

We are delighted to announce that Fauree has signed a Memorandum of Understanding (MoU) with Hilal Foods (Pvt) Ltd.

Hilal Foods is one of Pakistan’s leading FMCG companies. The company successfully exports to more than 20 countries around the world. Since its inception in 1957, Hilal Foods is manufacturing high quality products with prime focus on continuous improvement and Research and Development. The onboarding of Hilal Food’s suppliers begins soon and will aim to support the liquidity needs of the suppliers in the prevailing market conditions.

Fauree offers a seamless, fully integrated digital platform for supply chain financing, digitizing the entire supply chain from RFQ to payments, with low-cost financing. Fauree enables suppliers to view their purchase orders, create invoices, flip purchase orders to invoices, view the status of deliveries and outstanding invoices, and accept a discount rate to accelerate the payment before due dates. The liberation of working capital helps expand operations, invest in inventory or resources and also in their employees.

Our CEO, Mr. Azhar Tasadduq had the following comments regarding the partnership, “Fauree was born with the vision of supporting large corporations and MSMEs, and of filling an existing gap in the market. We are pleased to be supporting Hilal Foods with our innovative platform. As this collaboration drives further market advantages for both parties, we believe that we will succeed together”

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