LFX launched Air8, a supply chain fintech company to serve the financing needs of small-to-medium enterprise (SME) suppliers across the consumer goods supply chain. GLP Financial Services has joined LFX as a strategic partner with a 20% equity stake in the new company. An LFX digital venture, Air8 is building an insight-based technology platform that capitalizes on Li & Fung’s ecosystem with more than 115 years of supply chain experience, connecting suppliers, buyers, and funders in over 50 markets. Air8’s goal is to combine supply chain insights with financing expertise and digital technologies to channel capital to vendors. Air8’s vision is to promote sustainable financing while bridging the supply chain working capital gap.