In a move aimed at addressing persistent supply chain disruptions and improving financial access for small and medium-sized enterprises (SMEs), fintech-driven logistics company, Suitroh Nigeria Limited, has launched a new digital trade platform known as X-Inventory.
The platform, unveiled yesterday at a conference in Lagos, is designed to connect key players across the supply chain, including banks, manufacturers, distributors, wholesalers, and retailers, in a bid to streamline inventory management, payment processes, and market accessibility.
According to Suitroh’s Chief Executive Officer, Ridwan Oderinu, X-Inventory is a strategic tool that seeks to bridge the long-standing gaps between financial institutions and producers, particularly in the pharmaceutical and manufacturing sectors.
“X-Inventory is a system created to solve core supply chain problems,” Oderinu stated. “It builds bilateral relationships between banks and manufacturers, and ultimately ensures that products reach retailers efficiently, with easy and transparent financial transactions.”
While still in its onboarding phase, the platform has already attracted the interest of several banks, which are actively working with Suitroh to onboard manufacturers and facilitate access for downstream stakeholders. The company believes the participation of banks is central to the platform’s success, particularly in linking manufacturers to distributors, wholesalers, and retailers in a sustainable and efficient manner.
“The banks are doing a fantastic job by staying close to manufacturers and bringing them into the ecosystem. Our next task is to ensure that products are easily accessible to all stakeholders in the value chain,” Oderinu said.
Suitroh emphasised that the success of the platform will depend not only on corporate collaborations but also on government support and a stable macroeconomic environment. To that end, the company is advocating for participation from at least 10 financial institutions during the platform’s full-scale launch.
X-Inventory is more than just an inventory management tool, it is a comprehensive ecosystem that supports financial inclusion, real-time marketing, and capital expansion for businesses. By offering a centralized system for managing product visibility, transactions, and financing, Suitroh aims to provide SMEs with the tools needed to scale effectively and sustainably.
“We are not just solving inventory issues,” Oderinu explained. “We are giving SMEs access to finance, product visibility, and a platform for business growth.”
The company also highlighted recent government policies that enhance its ability to operate within the financial technology space. These include the Open Banking policy, which encourages interoperability among financial institutions, and the Global Standing Instruction (GSI) framework launched in 2020, which supports loan recovery and credit access.
According to Suitroh, these regulatory developments offer a competitive advantage, enabling more efficient financial inclusion for stakeholders in the supply chain.
“These policies lay the groundwork for a fully functional digital trade ecosystem. They make it easier for SMEs to access credit and products through our platform,” Oderinu noted.
