The global supply chain industry is in need of a tech-driven revolution, and PrimaDollar is leading the way. As a global fintech and ESGTech startup, PrimaDollar is transforming the international supply chain industry by enabling large corporates to collect real-time ESG data, shipping documents, and other information on their international suppliers and shipments. PrimaDollar is a UK-based startup that digitizes trade documents using leading-edge OCR and ML systems, generating real-time ESG scores on factories and delivering efficient trade finance and supply chain finance into the international supply chain at shipment.
PrimaDollar’s Revolutionary Worker App
PrimaDollar has developed a revolutionary worker app that collects data continuously from workers in factories on pay, conditions, safety, and governance. The social score generated from this data is used to monitor for issues such as forced labor, bad conditions, and unsafe practices. This data also drives the cost of trade finance into the supply chain, allowing continuous improvement to be delivered via supplier economics. The worker app is a game-changer for the industry, as it enables real-time monitoring and assessment of ESG performance in the supply chain.
Real-Time ESG Data Collection
One of the biggest challenges facing the supply chain industry is the lack of real-time ESG data. ESG information is typically based on annual surveys and self-certified reports, which creates a massive data gap in the market. PrimaDollar’s platform is designed to solve this problem by delivering trusted data that is continually updated at worker, factory, product, and shipment levels. By providing real-time ESG data, PrimaDollar is helping large corporates drive continuous improvement in their ESG performance while also saving money immediately.
The Value of Real-Time ESG Data for Trade Finance
PrimaDollar’s real-time ESG data collection system is designed to link to trade finance, creating significant additional value. This provides larger corporates with the tools they need to drive continuous improvement in their ESG performance while also allowing large corporate importers to save money immediately. PrimaDollar’s innovative approach to trade finance and ESGTech is a game-changer for the industry, and the startup is experiencing high demand for its services.
Barriers to Entry and Future Prospects
Barriers to entry in the ESGTech and Fintech for international supply chains industry are high. Designing and building real-time ESG data collection systems requires significant infrastructure and a lot of know-how. PrimaDollar is one of the few companies that have managed to overcome these barriers, making it a leader in the industry. With a big and global market that is poorly served and very motivated for innovation, PrimaDollar’s future prospects are bright.
PrimaDollar is a startup that is revolutionizing the ESGTech and Fintech for international supply chains industry. The startup’s innovative approach to trade finance and ESGTech is driving significant improvements in social and governance issues deep into supply chains. PrimaDollar’s platform provides real-time ESG data, enabling large corporates to drive continuous improvement in their ESG performance while also saving money immediately. With high demand for its services and a bright future, PrimaDollar is a startup to watch.
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