Coupa has revealed that Raistone will be its initial partner for the launch of its Coupa Pay SCF supply chain finance product. While the launch of an SCF product was trailed as long ago as 2018, this is the first time a funding partner has been announced. Coupa Pay SCF primarily targets mid-sized corporations already using the Coupa Pay platform.
Raistone CEO Dave Skirzenski said the firm was "Thrilled to extend this product to Coupa customers and procurement professionals, who understand the urgent need for diverse cash management options in the current banking environment.”
The partnership announcement coincides with Coupa Inspire 2023, Coupa's own business spend management community event, being held this week in Las Vegas.
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