(Alliance News) - TXT e-solutions Spa made it known Tuesday that it has entered into a strategic partnership with Azimut Direct, a fintech company of the Azimut Group that specializes in direct lending, minibonds and private equity.

"The collaboration," the statement reads, "was created to pool the fintech know-how of the two companies, particularly in relation to the promotion of the Polaris platform: an innovative Made In Italy suite developed by TXT, aimed at fostering collaboration between buyers, suppliers and financial partners, to enhance strengths and minimize risk along the entire supply chain.

"With Azimut Direct, TXT Group strengthens the positioning of its Smart Solutions portfolio in the fintech market," the company points out.

Polaris is the solution developed by TXT for Supply Chain Finance, i.e., a digital platform within which corporate clients feed their trade debt to their suppliers and make it negotiable. Polaris thus allows client companies and their suppliers to collaboratively manage the financial component of their relationship, ensuring liquidity to the supply chain through the intervention of investors who can purchase certain and uncontestable trade receivables.

TXT e-solutions gives up 0.4 percent to EUR22.80 per share while Azimut Holding gives up 0.7 percent to EUR24.61 per share.

By Chiara Bruschi, Alliance News reporter

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