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About Us
Peridot Group (Peridot) | www.peridotfinancing.com | Americas / Europe / Asia
Peridot is a leading fintech company in the working capital finance space, serving some of the largest tech manufacturers globally. By funding, structuring, and servicing accounts receivables portfolios for our customers, we help companies get the most out of their working capital. We help our customers grow their sales, strengthen their balance sheets, and eliminate risk.
Our formation in 2021 gives us a start-up culture and mindset, while our origins bring deep industry knowledge, extensive specialised expertise, and geographic reach across 59 countries. Despite being a new player in our space, Peridot serviced more than $60 billion in tech accounts receivables volumes in 2021. We are wholly owned and funded by Blackstone, the worlds largest alternative asset manager, which provides us with a large and flexible funding pool, significant relationships, and strategic guidance. We are a fintech start-up that packs a heavyweight punch.
Our field, global working capital finance, represents a $5.5 trillion total addressable market that is
expected to grow an additional 50% by 2026, driven by increased supply chain complexity, digitisation of the invoicing process and growing demand for longer payment terms. Our aim is to become the global leader in the working capital finance space. Peridot is a global employer with more than 300 employees across 20+ countries.
Background:
Peridot was formed through Blackstones acquisition of Swiss-based Global Supply Chain Finance
(GSCF) and a portion of IBM Global Finance (IGF), both of which specialise in complex working capital finance programmes in the technology manufacturing space. Going forward, Peridot will leverage GSCFs technology platform as the foundation for expansion. Once we have adapted, optimised, and enhanced this platform, we will meaningfully scale the business within the core technology manufacturing sector and expand into other adjacent industries (e.g. working capital programmes for companies outside the technology sector). Given that major global trends namely increasing complexity of supply chains and longer payment terms in industries that have seen consolidation are driving growth in the working capital finance space, we see significant opportunity for growth and product expansion, including: 1) moving into embedded finance (e.g. integrating directly into other B2B data and payments platforms), 2) expanding into other working capital offerings and 3) building a comprehensive funder marketplace.
The role
Candidates are expected to exhibit analytical technical skills as well as exceptional communication skills to support the Peridot team. Candidates should be energetic, self-motivated, and a team-oriented individual with fresh ideas and innovative solutions who will thrive on challenge in a fast-paced, dynamic environment.
Role Functions:
Required Skills and Experience:
Date Posted: 04/06/2024
Job ID: 80790179