Case Study: Accessible-fashion company Pimkie gains €8M working capital and 14-day faster supplier payments with Kyriba's reverse factoring solution

Strengthening Supplier Relationships with Reverse Factoring

Pimkie, a France‑based accessible‑fashion retailer with €563M revenue and over 200 suppliers across Asia, Maghreb, Turkey and Europe, faced inefficient purchasing and treasury processes—heavy reliance on letters of credit, error‑prone workflows and slow vendor financing (discount requests took ~25 days). The company wanted a global, scalable solution to optimize working capital, improve supplier funding timeliness, strengthen strategic partnerships and incentivize better CSR performance.

Pimkie implemented a bank‑independent reverse factoring program on Kyriba (with BNP Paribas support), targeting 60 key suppliers representing 85% of purchases (€190M eligible invoices). After a rapid rollout and supplier roadshows, suppliers receive payment about 14 days sooner, driving a €8M working‑capital benefit in year one and an expected €12–€15M annually at full scale; financing rates are tied to supplier CSR scores, and the company plans to expand the program and add dynamic discounting.

Pimkie

Grégory Ambrosio

Group Treasury Manager