British banking group Standard Chartered has bought an equity stake in Chinese supply chain financing platform Linklogis.

Financial details regarding the deal were not disclosed.

The bank will use the know-how of Linklogis to offer large buyers more transparency on their supplier network and small suppliers cheaper credit access.

Standard Chartered first joined forces with Linklogis in February last year with an aim to improve client relationships in China. The pair plan to work alongside on new opportunities going forward.

Standard Chartered CEO of Corporate, Commercial and Institutional Banking Simon Cooper said: “Providing deep-tier supply chain financing is a key priority in our strategy to support our clients’ entire sales and distribution network.”

The latest deal is the first time that the British lender has backed a Chinese supply chain platform.

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With the deal, Standard Chartered intends to improve its supply chain ecosystem and Linklogis gets its first global bank investor.

Standard Chartered regional CEO for Greater China & North Asia Benjamin Hung said: “Our strategic investment into Linklogis not only allows us to better serve our clients by being a part of their integrated ecosystem, it also reinforces our efforts to support China’s opening by facilitating the flow of capital, particularly for the Greater Bay Area.”