Tagged: supply chain

4Trans Secures €18M Investment to Streamline Financing for Europe’s Hauliers

4Trans, a Fintech specializing in financial products for supply chain and logistics companies, has secured an €18 million investment from backers “including Atmos, Tera Ventures, and Lighthouse.” Impact investment fund management firm based in the UK, Advance Global Capital “has also extended a revolving credit… Read More

Green Link Digital Bank Commences Operations in Singapore

Green Link Digital Bank (GLDB) commences banking business. GLDB seeks to serve Micro-Small-Medium-Enterprises (MSMEs) with banking and financial services “through their supply chain financing and innovative, easy-to-use technological solutions.” GLDB seeks to leverage their experience in supply chain financing and innovative, easy-to-use technological solutions “to… Read More

Stable Finalizes $60M Series B to Address Commodity Market Crisis

Stable, the ‘home of hedging’ for the $5 trillion agricultural commodity industry, recently revealed that it has finalized a $60 million Series B. The investment round has reportedly been led by Acrew along with key investors Greycroft, Notion Capital, Syngenta and Continental Grain Company also… Read More

Transaction Disputes Surge as Supply Chain Disruptions Continue, Verifi Reports

As the COVID-19 pandemic winds on into its third year, waves of new virus variants continue to “wreak havoc with supply chains,” according to an update from Verifi. Firms responsible for taking goods through each step on the journey “from manufacturing to customers’ doorsteps find… Read More

Digitalization of Business Processes Can Effectively Connect Small Companies to International Markets: Report

Michael Froman, Vice Chair and President, Strategic Growth at Mastercard (NYSE: MA), notes that shuttered storefronts might be a lingering symbol of the pandemic’s “economic fallout.” However, entrepreneurship is continuing to soar, “with a record 5.4 million new business applications filed in 2021, according to U.S…. Read More

Supply Chain Finance Firm Demica Reports $20 Billion of Funding

Trade and supply chain finance platform Demica is reporting a new milestone; more than $20 billion in funding outstanding. According to Demica, its relationships with top banks and corporates have fueled its rapid growth enabling it to capture a good percentage of the over $130… Read More

Indian Supply Chain SaaS Firm Increff Acquires $12M via Series B

Increff, an Indian supply chain SaaS firm providing inventory optimization solutions for e-commerce, fashion, and retail brands has secured $12 million via its Series B round. Increff’s investment round included contributions from TVS Capital Funds, Premji Invest, Binny Bansal’s 021 Capital, and 6 existing angels… Read More

VeChain Is Powering Micromation’s SaaS Platform, Enabling Seamless Client Onboarding to Blockchain

New digital tools are offering powerful methods for businesses to enhance brand identities, service offerings and allow for considerable efficiency gains across many aspects of their operations. Canada’s IT consulting firm Micromation saw an opportunity and joined forces with the layer-one smart contract platform, VeChainThor,… Read More

SAP to Acquire Majority Stake in Working Capital Management Fintech Taulia

SAP SE (NYSE: SAP) has announced its plan to acquire a majority stake of Taulia, a provider of working capital management solutions. As mentioned in the update, the move is aimed at giving firms improved access to liquidity and enhancing their cash flows. The acquisition… Read More

7 Crypto Mining Predictions for 2022

Several factors will impact cryptocurrency mining in 2022 Compute North CEO Dave Perrill predicts. Compute North provides infrastructure for companies in crypto mining, blockchain, and distributed computing. The issues that made 2021 a challenging year will persist into 2022, Perrill said. Chip shortages, shipping delays… Read More

Supply Chain Finance Tech Platform, Linklogis, Establishes Singapore Office

One of Asia’s most established supply chain finance tech solution providers, Linklogis, has announced that it has launched a branch office in Singapore. The new office aims to support Linklogis’ plans to open a virtual bank in Singapore in early 2022, by using the digital… Read More

Sustainability linked Supply Chain Finance Program Introduced by Citi for APAC Region

US investment bank Citi (NYSE: C) has introduced its first sustainability-linked supply chain finance (SSCF) program in the Asia-Pacific region. Via the SCCF program, Citi intends to support customers as they work on their ESG priorities, enhance supply chain resilience, and effectively manage working capital… Read More

4.5 Per Cent Unemployment a Good Sign, But UK Businesses Still Need Help

While the recent drop in the United Kingdom’s unemployment rate to 4.5 per cent is reflective of a strengthening economy, there are still vulnerabilities, financial industry representatives believe. Conister director Douglas Grant said while the data suggests a strong and recovering UK workforce, attention needs… Read More

Standard Chartered and Linklogis to Offer Blockchain based Trade Finance Platform, Olea

Standard Chartered (LON: STAN) has launched a joint initiative with Linklogis, a supply chain finance tech solution provider from China, in order to provide a blockchain or DLT-powered trade finance platform, called Olea. Standard Chartered stated that Olea is an all-digital trade finance origination and… Read More

Supply Chain Fintech Stemly, Incubated by ING Labs, Now Operating Independently with $2.5M Investment

Stemly, a supply chain inventory management and finance firm that was incubated by ING Labs in Singapore, has decided to now operate as a separate, independent initiative. VC fund Elev8, ING Ventures and EDB New Ventures, the corporate venture building division of EDB, along with… Read More

DBS Becomes First Major Asian Bank to Finalize Trade Financing Transaction via AntChain’s Trusple Platform

After the rollout of Trusple, which is AntChain’s global trade and financial services platform, DBS (SGX:D05) has confirmed that it’s the first major Asian banking institution to finalize a trade financing transaction via the platform. The digital transaction was valued at more than $40,000. The… Read More

Dr. Joshua Ellul: Chairman of Malta Digital Innovation Authority Explains how AI, IoT, Blockchain based Smart Contracts are Improving Digital Economy

We recently caught up with Dr. Joshua Ellul, the Chairman of Malta Digital Innovation Authority and Director of Centre for DLTs, University of Malta. Dr. Ellul discussed how blockchain-based smart contracts are streamlining routine business processes. He also talked about his research interests which include… Read More

Blockchain Platform VeChain to Focus on Digital Industry Opportunities like DLT Traceability, Supply Chain Visualization

VeChain, a major blockchain platform focused on developing supply chain management solutions among other use cases, has released its latest financial executive report in order to promote “fairness, transparency, and openness.” As mentioned in the report, published on December 29, 2020: “During this quarter, the… Read More

American Express Improves Supply Chain Finance Product with Digital Payment Solution

American Express (NYSE:AXP) has announced improvements to its supply chain product. Originally launched in 2018, Early Pay allows companies and their suppliers the ability to pay and get paid through a digital platform.  Early Pay provides suppliers the ability to optimize their cash flow by… Read More

RAMSUN, an Online Marketplace for Supply Chain Finance, Joins Fintech Firm MonetaGo’s Secure Financing Network

India based RAMSUN Network, a digital or online marketplace for supply chain finance, has reportedly joined Fintech firm MonetaGo’s secure financing network. The RAMSUN Network aims to facilitate financing for SMBs via its AI-powered technology platform – which allows many lenders to be a part… Read More

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