Bangkok, Thailand – January 10, 2025 – In continuation of the MOU signed between NEC Corporation Thailand (NEC Thailand) and AIRA Factoring Public Company Limited (AIRA Factoring) in May 2024, NEC Thailand and AIRA Factoring have now formed a strategic partnership to launch a Digital Supply Chain financing platform. Through this collaboration, NEC Thailand and AIRA Factoring will provide a range of key services, including utilizing "TASConnect", a solution owned by SCV Research and Development PTE. LTD., and other digital capabilities of NEC to create robust and efficient supply chain finance programs. Additionally, the partnership will focus on client acquisition by targeting specific groups and markets to identify and capitalize on new business opportunities.

Mr. Akarawit Sooksai, CEO of AIRA Factoring, emphasizes the critical role of business loans in helping SMEs sustain their operations, particularly for ongoing working capital needs. He projected that the implementation of Supply Chain Financing (SCF) would enable AIRA Factoring to increase its annual credit disbursement by over 10%, from THB 19 billion in 2024 onwards. By digitizing credit management processes, strengthening supplier relationships, and improving cash flow management for clients, AIRA Factoring aims to deliver benefits across all stakeholders—including sellers, buyers, and the company itself—while expanding its customer base sustainably.

"AIRA Factoring is committed to strengthening Thai SMEs by enhancing their financial liquidity. For new businesses, obtaining loans from traditional financial institutions can be challenging or even impossible. However, with invoices as supporting documents, SMEs can demonstrate their actual sales performance. In addition to serving our clients, we are actively sharing this knowledge with members of the Thai Factoring Association and financial institutions, showcasing the capabilities of modern solutions that enable efficient and automated processes," Mr. Akarawit concludes.

Mr. Ichiro Kurihara, President of NEC Corporation (Thailand), emphasizes that NEC remains committed to its strategy as a leading ICT provider while expanding its capabilities in the digital finance sector. By leveraging its expertise, NEC aims to support partners like AIRA Factoring in enhancing their financial services through efficient and automated digital solutions. Mr. Kurihara accentuates collaborating with AIRA factoring to launch Digital Supply Chain Platform marks a significant milestone in their partnership.

Embracing the Thailand 4.0 strategic focus, AIRA Factoring and NEC Thailand will offer innovative and sustainable technology that will allow the industry to move to a value-based economy model.

With the Thai manufacturing sector as a vital contributor to the nation's economy, AIRA Factoring and NEC Thailand have prioritized a digital supply chain financing platform that can support manufacturers with easier and faster access to funding, contributing to overall economic growth in Thailand.

About NEC Corporation (Thailand) Ltd.

NEC Corporation officially began operations in Thailand in 1962. With extensive expertise and experience across various industries, NEC Thailand provides advanced technology and enhanced customer experiences in areas such as healthcare systems, community-based elderly care including emergency alert system for Long term care integrated, communications, cybersecurity, infrastructure, and IT platforms. The company also offers manufacturing, retail, and sustainability-focused solutions to build a society where everyone is equally connected, fostering long-term social sustainability.

For more information: https://th.nec.com
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About AIRA Factoring

AIRA Factoring PCL is a Thailand-based company engaged in the business of receivable factoring. It provides short-term financing services by transferring creditor's rights or factoring services. In exchange for these services, the company finances the short-term cash flow. The company's clients vary from small to middle businesses that need short-term cash to fund their working capital. Its diversified portfolio of industries includes electronic equipment and parts, telecommunication, consumer products, and the health and beauty industry.

About TASConnect

Headquartered in Singapore, TASConnect is a wholly owned subsidiary of SC Ventures Holdings Limited and incubated through SC Ventures – Standard Chartered’s innovation, fintech investment and ventures arm. We are a leading working capital solutions platform connecting complex enterprise ecosystems to deliver economic value with end-to-end visibility and control. We are firm believers in the principles of co-creation and collaboration with our clients.

For more information, please visit http://www.tasconnect.com

PRESS CONTACTS:

NEC Asia Pacific

Jinky Cabazal

Regional Marketing & Communications

Email: regionalpr@nec.com.sg

NEC Corporation (Thailand) Ltd

Artittaya Eurfur

Marketing & Communications

Email: artittayae@nec.co.th