Texas Border Business
BROWNSVILLE, Texas – Supply Pay, a rapidly expanding fintech company revolutionizing cross-border trade financing, is set to host an Exclusive Investor Showcase on Tuesday, November 26 at 6:00 p.m., at Crosshatch BTX in the historic Coca-Cola Building (1018 E Washington St.). RSVP is required. The event will feature William Steele, co-founder of Supply Pay, who will share insights into the company’s remarkable growth and how it supports U.S.-Mexico trade through innovative financial solutions.
About Supply Pay
With a track record of over $2 million in trade financed without a single loss and a $15 million monthly backlog, Supply Pay is transforming the traditional approach to cash flow management and financing between US buyers and Mexican suppliers. Attendees will be uniquely able to explore how Supply Pay leverages an AI-driven platform to support importers and exporters with the capital and tools they need.
We are on track to become the world’s leading cross-border fintech platform. Building Supply Pay has been an incredible journey,” said William Steele, co-founder of Supply Pay. “Our unique position in the border region has allowed us to create significant momentum in the U.S-Mexico supply chain. We have successfully financed over $2M in trade with $0 in losses and have built up monthly demand for our platform that totals over $25M. We are on a mission to provide indispensable software and financial solutions to importers of developed nations and exporters of developing nations—beginning with U.S-Mexico trade.”
Within four months, Supply Pay achieved profitability and reached $100K in Annual Recurring Revenue (ARR) in its first year. It has managed over $2 million in trade financing and serves a client list with buyers such as Walmart, H-E-B, HelloFresh, and Kroger.
Supply Pay addresses the urgent need for financing solutions in cross-border trade, particularly for perishables, by offering fast and flexible access to capital, real-time cash flow tracking, and predictive financial forecasting. Their AI-powered platform seamlessly integrates with clients’ tax and accounting systems, providing an unmatched advantage in managing receivables.
“Supply Pay embodies the innovative spirit we strive to foster at BCIC and the eBridge Center,” commented Nathan Burkhart. “We are incredibly proud of Supply Pay’s achievements and are dedicated to fostering an environment where others can follow in their footsteps, starting and growing their ventures right here at the eBridge Center. Our commitment to supporting startups is rooted in a vision to drive economic growth and innovation not just in Brownsville but throughout the Rio Grande Valley.”
Supply Pay is currently amidst a significant fundraising effort to scale its innovative platform further. The company has secured $200,000 in initial funding and is negotiating with several global and US venture capital funds for a spot on their cap table, with commitments to invest totaling $1.6 million. Supply Pay is raising $1 million in this round, targeting a close date of December 4, 2024.
The company has attracted investments from experienced operators who have successfully built and exited high-growth companies, as well as experts in fintech regulation and banking across the U.S. This strong investor interest underscores confidence in Supply Pay’s mission and growth trajectory.
Investor Event Details
Supply Pay’s Exclusive Investor Showcase will be held 6:00 p.m. – 8:00 p.m. on Tuesday, November 26, at Crosshatch BTX in the historic Coca-Cola Building at 1018 E Washington St. Guests will enjoy an intimate evening with Supply Pay’s leadership, gaining insights into their impactful fintech solutions, growth trajectory, and investment opportunities. A virtual attendance option may be available for those unable to attend in person.
RSVP through Eventbrite.
Space is limited, so interested investors must RSVP promptly. This exclusive evening promises a deeper look into Supply Pay’s journey and an opportunity to invest in the next wave of innovation in trade financing.
About BCIC The Brownsville Community Improvement Corporation (BCIC) is a Type B economic development corporation. It is dedicated to driving sustainable economic development, enhancing quality of life, fostering innovation, empowering entrepreneurs, supporting strategic projects, and cultivating partnerships that support Brownsville’s thriving and vibrant community. BCIC operates under three core pillars. The first is Community Development, achieved through initiatives like the BIG Grants, which support the revitalization and preservation of Historical Downtown Brownsville, and the Quality of Life Grants, designed to enhance the community’s well-being. These grants fund projects that create welcoming and inclusive spaces, improve amenities, and promote activities that benefit both residents and visitors. The second pillar is Finance Programs, which support local small businesses by providing financial resources to help them start or expand. This, in turn, creates jobs with livable wages, contributing to the overall economic stability of the region. The third pillar is Innovation & Entrepreneurship, where BCIC supports the entrepreneurial journey with incubation, acceleration, and continuous assistance. |
