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Purchase Order Financing Market to Reach $12.9 Billion, Globally, by 2033 at 8.7% CAGR: Allied Market Research

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WILMINGTON, Del., Sept. 4, 2024 /PRNewswire/ — Allied Market Research published a report, titled, “Purchase Order Financing Market by Order Size ($100, 000, Above $100 and 000), Supplier Payment Method (Wire Transfer, Cash Against Document and Letter of Credit), and Application (Manufacturer, Wholesaler, Distributor and Import/export Companies): Global Opportunity Analysis and Industry Forecast, 2024-2033″. According to the report, the purchase order financing market was valued at $5.5 billion in 2023, and is estimated to reach $12.9 billion by 2033, growing at a CAGR of 8.7% from 2024 to 2033.

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130 – Tables
58 – Charts
200 – Pages

Prime determinants of growth   

The global purchase order (PO) financing market is experiencing growth due to several factors such as the necessity for businesses facing cash flow constraints to fulfill large orders, the ability to navigate seasonal demand spikes efficiently, and the opportunity to expand customer bases by leveraging purchase order financing solutions.  However, purchase order financing presents an opportunity for businesses to enhance their working capital management, secure funding for growth, and maintain healthy customer and supplier relationships. By providing access to immediate capital to fulfill orders, purchase order financing allows businesses to meet high consumer demands, expand product lines, and enter new markets. 

Report coverage & details:  

Report Coverage

Details 

Forecast Period 

2024–2033 

Base Year

2023

Market Size in 2023 

$5.5 billion 

Market Size in 2033  

$12.9 billion 

CAGR  

8.7 %

No. of Pages in Report 

200

Segments Covered 

Order Size, Supplier Payment Method, Application, and Region 

Drivers  

•   Tight cash flow  

•   Seasonal demand spikes 

•   Expanding customer base 

Opportunities 

•   Enabling growth for SMEs 

•   Increase in adoption by SMEs in developing countries  

Restraint 

•   Short-term funding only 

•   Not 100% financing

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Segment Highlights  

By order size, the $100, 000 segment is gaining traction. The increasing demand from small and medium enterprises (SMEs) for funding to fulfill large customer orders is driving the growth of the $100, 000 order size segment in the purchase order financing market. This threshold of $100, 000 represents a significant order size that many businesses struggle to finance independently, leading them to seek purchase order financing solutions to bridge this gap and capitalize on growth opportunities. 

By supplier payment method, wire transfers are growing rapidly owing to the need for secure and efficient transactions in the purchase order financing market. Wire transfers offer a quick and reliable way to transfer funds to suppliers, especially for large orders, ensuring timely payment and smooth order fulfillment.  

In addition, by application, the manufacturers segment is experiencing rapid growth in the purchase order financing market due to the need for working capital to cover production costs and fulfill orders. Manufacturers often face cash flow challenges due to the upfront costs associated with production, making purchase order financing a valuable tool to access funds and support their manufacturing operations. This segment benefits from the flexibility and tailored financing options that purchase order financing provides, enabling manufacturers to meet customer demand and expand their production capacity effectively.  

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Regional Outlook  

Tight cash flow is a major factor, as many small and medium enterprises (SMEs) in North America face monthly cash flow challenges. Purchase order financing provides a solution by funding businesses that lack the necessary capital to fulfill large customer orders. Enabling SME growth is another key driver, as PO financing allows SMEs with limited cash flow or credit history to take on larger orders and grow without incurring significant debt. However, the Asia-Pacific region is seeing increased adoption of purchase order financing, especially among SMEs, due to limited access to traditional financing options. Many small businesses in developing Asian countries face tight cash flow and a lack of working capital to fulfill large orders. PO financing bridges this gap by providing short-term funding to cover supplier costs and enable SMEs to grow. 

Players: –  

OnDeckTata Capital LimitedSMB CompassStar Funding, Inc.Liquid CapitalKing Trade CapitalExpress Trade Capital, Inc.Trade Finance GlobalCAPSTONEKotak Mahindra Bank Limited

The report provides a detailed analysis of these key players in the global purchase order financing market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.  

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Recent Development:  

In May 2023, Setscale, a FinTech startup that revolutionized the purchase order financing for small and medium-sized businesses (SMBs), raised $9.5 million in seed funding and secured up to $70 million in debt.In August 2022, Star Funding, Inc. a New York City-based provider of purchase order financing and factoring, announced the completion of a $7, 000, 000 purchase order finance and factoring facility to support a fast-growing supplier of hearing products to Walmart. The publicly traded company was invited to increase its exposure and availability in Walmart stores across the country with branded in-store displays. The company needed a pressing capital injection to satisfy several asset-based financing obligations and working capital to support its in-store role.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the purchase order financing market analysis from 2024 to 2033 to identify the prevailing purchase order financing market opportunities.The market research is offered along with information related to key drivers, restraints, and opportunities.Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.In-depth analysis of the purchase order financing market segmentation assists to determine the prevailing market opportunities.Major countries in each region are mapped according to their revenue contribution to the global market.Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.The report includes the analysis of the regional as well as global purchase order financing market trends, key players, market segments, application areas, and market growth strategies.

Purchase Order Financing Market Key Segments:

By Order Size

$100,000Above $100,000

By Supplier Payment Method

Wire TransferCash Against DocumentLetter of Credit

By Application

ManufacturerWholesalerDistributorImport/export Companies

By Region

North America (U.S., Canada)Europe (France, Germany, Italy, Spain, UK, Rest of Europe)Asia-Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)LAMEA (Latin America, Middle East, Africa)

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About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Seatrium and Karpowership Sign Contract for a Series of Whale Class Powership Conversion and Integration Projects

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SINGAPORE, Oct. 23, 2026 /PRNewswire/ — Seatrium Limited and its strategic partner, floating power leader Karpowership, have strengthened their longstanding collaboration with the award of a contract for the development, major conversion and integration of Karpowership’s third-generation hydrogen-ready Whale Class Powerships, reinforcing both companies’ commitment to delivering reliable, flexible and sustainable energy solutions to meet growing global electricity demand.

Under the contract, Seatrium will undertake the major conversion work and integration of five Whale Class Powerships. Seatrium’s scope of work encompasses equipment integration, mechanical completion and pre-commissioning works. Engineering activities are currently underway – both parties are working closely to advance the project’s execution phase progressively, with the first vessel in the series targeted for arrival in Seatrium Tuas Boulevard Yard in December 2027.

Powerships are floating power plants equipped with hydrogen-ready multi-fuel generation systems and integrated onboard substations that connect directly to national electricity grids. Leveraging Karpowership’s plug-and-play design, they can begin generating electricity in as little as 30 days. The next-generation Whale Class offers Karpowership’s highest capacity, engineered to deploy up to 600 MW of immediate, grid-ready power using an ultra-efficient footprint optimised for seamless, continuous fuel supply.

By combining advanced power generation technologies with maritime engineering excellence, these vessels will enhance energy security while providing the flexibility to support diverse market requirements.

Mr Alvin Gan, Executive Vice President, Repairs and Upgrades, Seatrium, said, “This significant milestone marks Seatrium’s first major conversion work and integration of Karpowership’s Whale Class Powerships. We are proud to support Karpowership’s drive to pioneer innovative floating power solutions and the next phase of its fleet development, bringing our capabilities in complex vessel integration and offshore engineering to the project. We thank Karpowership for the continued trust and look forward to advancing cutting-edge floating solutions that bolster energy resilience worldwide.”

Building on a strategic relationship established in 2018, Seatrium and Karpowership share an ambition to deepen their partnership and shape the next generation of energy infrastructure, strengthening energy resilience in Singapore and worldwide.

Mr Gokhan Kocak, Chief Technical Operations Officer, Karpowership, said, “Karpowership has transformed global power generation with its innovative Powership model, delivering fast-track and dependable electricity solutions to millions worldwide. The next-generation Whale Class Powerships demonstrate our continued commitment to innovation, operational excellence and energy security. We are pleased to build on our strong partnership with Seatrium, whose proven expertise in complex vessel integration make them an ideal partner.”

The contract marks the next step following an earlier Letter of Intent (LOI) signed in August 2025, solidifying the long-term partnership between the two companies. The LOI had provided for three FSRU conversions and the potential integration of up to six new-generation Powerships. Since 2018, Seatrium has successfully delivered seven FSRU conversion projects to Karpowership, with the eighth and ninth FSRU conversion projects secured this year.

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SOURCE Karpowership

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Scage Future Announces Effective Date for ADS Ratio Change

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NANJING, China, Oct. 22, 2026 /PRNewswire/ — Scage Future (“Scage Future” or the “Company”) (Nasdaq: SCAG), a provider of new energy and zero-emission heavy-duty commercial vehicles and e-fuel solutions, today announced the effective date and new CUSIP number for the previously announced change in the ratio of its American Depositary Shares (“ADSs”) to its ordinary shares (the “ADS Ratio”), from the current ADS Ratio of one (1) ADS to one (1) ordinary share to a new ADS Ratio of one (1) ADS to fifteen (15) ordinary shares (the “ADS Ratio Change”). The ADS Ratio Change will be effective on October 27, 2026 (the “Effective Date”).

For Scage Future’s ADS holders, the change in the ADS Ratio will have the same effect as a one-for-fifteen reverse ADS split. On the Effective Date, holders of ADSs will be entitled to receive one (1) new ADS for every fifteen (15) existing ADSs then held, and the exchange will occur automatically, with the then-held ADSs being cancelled and new ADSs being issued by Citibank, N.A., as the depositary bank for the Company’s ADS program (the “Depositary Bank”). Holders of ADSs will not be required to take any action in connection with the ADS Ratio Change.

No fractional new ADSs will be issued in connection with the change in the ADS Ratio. Instead, fractional entitlements to new ADSs will be aggregated and sold by the Depositary Bank, and the net cash proceeds from the sale of the fractional ADS entitlements (after deduction of fees, taxes and expenses) will be distributed to the applicable ADS holders by the Depositary Bank.

The change in the ADS Ratio will have no impact on Scage Future’s underlying ordinary shares, and no ordinary shares will be issued or cancelled in connection with the change in the ADS Ratio. Scage Future’s ADSs will continue to be traded on the Nasdaq Global Market under the symbol “SCAG.” In connection with the ADS Ratio Change, the CUSIP number for the ADSs will change from 80590A105 to a new CUSIP number of 80590A204, effective as of the Effective Date.

As a result of the change in the ADS Ratio, the ADS trading price is expected to increase proportionally, although the Company can give no assurance that the ADS trading price after the change in the ADS Ratio will be equal to or greater than fifteen times the ADS trading price before the change.

About Scage Future

Scage Future is a leading zero-emission technology provider in China, dedicated to decarbonizing global commercial transportation through its portfolio of advanced heavy-duty NEV trucks and innovative e-fuel systems. Through strategic partnerships with top-tier vehicle manufacturers and a strong quality control framework, the Company delivers intelligent, high-performance NEVs addressing the transport needs across logistics, mining and port operations. The Company has a proven track record in the design, production, and testing of next-generation heavy-duty NEVs, including the Dragon II plug-in hybrid dump truck, Galaxy II plug-in hybrid truck, and autonomous tractor trailer.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding the completion of the ADS Ratio Change on the Effective Date, the anticipated effects of the ADS Ratio Change on the trading price of the Company’s ADSs, and the Company’s expectations regarding the treatment of fractional ADS entitlements and the exchange of existing ADSs for new ADSs. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “assesses,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequently occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the U.S. Securities and Exchange Commission.

For more information, please contact:

Scage Future
Investor Relations
Emily Wang
Head of Investor Relations
Email: scageIR@scagefd.com

 

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SOURCE Scage Future

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Hanwha Power Receives ABS Approval in Principle for 1,700 TEU Battery-Powered Containership Design

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Fully electric propulsion design featuring approximately 151 MWh of energy storage strengthens capabilities in zero-carbon maritime transportIntegrated solution combines electric propulsion, and containerized battery energy storage systemsExpanded eco-friendly marine propulsion portfolio lays the groundwork for entry into the next-generation zero-carbon vessel market

SEOUL, South Korea, Oct. 23, 2026 /PRNewswire/ — Hanwha Power announced that it had received Approval in Principle (AiP) from the American Bureau of Shipping (ABS) for its design of a 1,700 TEU battery-powered containership.

The certificate presentation ceremony took place on October 22, local time, at the MHE (Maritime Hybrid, Electric & Hydrogen Fuel Cells) Conference & Exhibition 2026 in Bergen, Norway. Jong-kyu Hwang, Vice President, Technology Solutions at Hanwha Power, attended the ceremony alongside senior representatives from ABS. The event runs from October 21 to 23 at the Scandic Hotel Bergen City.

The newly approved design concept features a fully electric container vessel powered by a large-scale 151 MWh Energy Storage System (ESS). Electrical energy stored in containerized battery units serves as the vessel’s primary propulsion source, enabling operation without direct carbon emissions through the use of port charging infrastructure.

The use of containerized batteries, which can be handled and stowed like standard cargo containers, enhances space efficiency, maximizes cargo capacity, and optimizes overall vessel performance. This approach also supports flexible battery replacement and scalable operation, offering a practical pathway for the decarbonization of short-sea and regional container transport.

The AiP strengthens Hanwha Power’s capabilities in fully electric vessel design using large-scale battery energy storage and expands its portfolio of marine propulsion solutions. The company plans to build on this achievement to pursue opportunities in the next-generation zero-carbon maritime transport market.

Alongside the approval, Hanwha Power has also completed the basic design of a 1,000 TEU battery-powered container vessel. Building on its expertise in vessel design across multiple ship classes, the company aims to develop a comprehensive lineup of electric-propulsion vessels tailored to a wide range of operating conditions and customer needs.

“This AiP from ABS marks an important step in extending Hanwha Power’s marine technology capabilities to fully electric vessels powered by large-scale battery systems,” said Jong-kyu Hwang, Vice President, Technology Solutions at Hanwha Power. “We will address the needs of the next-generation zero-carbon maritime transport market with integrated solutions that combine electric propulsion and containerized battery system technologies.”

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