Tagged: trade finance

June 26, 2022 @ 11:01 pm By Omar Faridi  |  

Surecomp recently announced that two financial institutions have subscribed to its newly launched RIVO platform “for collaborative trade finance.” DZ Bank is the first bank “to sign-up, alongside the leading provider of guarantee insurance in the Nordics.” Frankfurt-based DZ BANK – which also acts as… Read More

June 10, 2022 @ 3:07 pm By JD Alois  |  

Serai, an HSBC-founded venture based in Hong Kong that offered a B2B supply-chain platform, has shut down. The move was foreshadowed in an executive change last month when Vivek Ramachandran, formerly CEO of Seria, was appointed as Head of Global Trade and Receivables Finance (GTRF)… Read More

June 10, 2022 @ 7:56 am By Omar Faridi  |  

LiquidX, the global fintech platform for digitization, monetization, and risk mitigation for working capital, trade finance, and insurance assets, announced a strategic investment from Citi (NYSE: C), one of the largest trade finance banks. The funding round was “led by Broadridge, LiquidX’s largest strategic investor.”… Read More

June 9, 2022 @ 10:29 am By Omar Faridi  |  

Triterras Inc., a Fintech company focused on trade and trade finance, and Unqork, the no-code enterprise application platform, recently announced that they have entered a partnership “to further digitize global trade finance.” Unqork will be used “to enhance the end-to-end trading lifecycle of Triterras’ Kratos… Read More

April 19, 2022 @ 10:09 am By Omar Faridi  |  

Societe Generale (GLE.PA) recently introduced its first acceleration program that’s dedicated to startups linked to Trade Finance, Cash Management, Factoring, and Cash Clearing & Correspondent Banking activities. The Group, a partner of many startups, is launching “a new call for projects to improve the customer… Read More

April 12, 2022 @ 9:07 am By JD Alois  |  

Stenn, an SME financing platform based in the UK, has raised $50 million in equity at a $900 million valuation, according to the company. Stenn was founded in 2015 by Greg Karpovsky, who has more than 20 years’ experience in digital trade finance. Centerbridge, based… Read More

March 24, 2022 @ 8:35 pm By Omar Faridi  |  

  Surecomp, which claims to be a market leader in international trade finance solutions for banking institutions and corporations, has confirmed that Societe Generale has now gone live with the latest version of its IMEX solution for back-office trade finance processing automation across four nations… Read More

March 22, 2022 @ 4:46 pm By Tony Zerucha  |  

Fishtail announced today it has raised $4.5 million in seed funding, led by Thursday Ventures, with participation from Rackhouse Ventures, Amara Ventures, and project44 CEO Jett McCandless and chief growth officer Jason Duboe. “Trade finance has been an under-invested asset class for far too long,” said Fishtail CEO Marc Held…. Read More

February 21, 2022 @ 6:25 pm By JD Alois  |  

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

February 10, 2022 @ 5:51 pm By Omar Faridi  |  

Surecomp has announced that Banco Pichincha – Ecuador’s financial institution with $4.5 billion in assets – has chosen its trade finance processing tech for front-to-back-office operations. The bank will deploy Surecomp’s Cloud-enabled Trade Finance-as-a-Service (TFaaS) solution “to support the growth of current and future trade… Read More

January 28, 2022 @ 10:04 am By Omar Faridi  |  

Surecomp has announced that Rabobank, the second-largest Dutch banking institution, is now fully operational with its integrated back and front-office digital trade finance services DOKA-NG and allNETT. Rabobank has introduced one of its Marketplace partner services – the digital adoption platform Walkme™, which is reportedly… Read More

November 24, 2021 @ 8:13 pm By Omar Faridi  |  

Drip Capital, Inc., a digital cross-border trade finance platform providing financing solutions to small and medium businesses, is pleased to confirm that Rahul Nath has joined the firm’s leadership team as the Product Head. With head offices in Palo Alto, California, Rahul brings more than… Read More

September 28, 2021 @ 10:40 pm By Omar Faridi  |  

Tradeteq has teamed up with Singapore-headquartered eXchange inFinite (XinFin) to provide tokenized trade finance products to institutional investors and has carried out its very first transaction. This is reportedly the first complete end-to-end transaction “following a unique set of regulatory guidelines and trade finance standards,”… Read More

September 22, 2021 @ 11:14 pm By JD Alois  |  

Incomlend, a global invoice financing marketplace and cross-border trade facilitator, has announced a new invoice financing program for a pan-European metal trading firm. Founded in Singapore and with offices around the world, Incomlend connects SMEs globally with communities of investors. This enables them to buy… Read More

September 14, 2021 @ 11:23 am By Omar Faridi  |  

MonetaGo, a Fintech-focused services provider, reveals that it has created a platform to address financing fraud in the trade finance sector on an international level. The trade finance industry has been impacted by duplicate financing fraud. In these types of cases, companies can acquire financing… Read More

September 14, 2021 @ 11:16 am By JD Alois  |  

MODIFI has raised $24 million in funding raising its valuation to $120 million, according to a company release. MODIFI is a global fintech company that helps SMEs finance and manage their international trades, currently serving over 1,000 buyers and sellers across more than 40 countries… Read More

August 18, 2021 @ 8:17 am By Omar Faridi  |  

Online trade finance network Contour has teamed up with the Global Shipping Business Network (GSBN) in order to provide an all-digital solution for participants involved in trading, financing and shipping goods across the globe. As mentioned in the announcement: “Pandemic-induced lockdowns and the subsequent explosive… Read More

August 17, 2021 @ 11:49 pm By JD Alois  |  

XDC Network, a hybrid blockchain platform for global trade and finance, has been selected as the first blockchain company to join the global Trade Finance Distribution (TFD) Initiative, according to a note from XDC. The TFD Initiative is a consortium of trade originators, credit insurers,… Read More

August 11, 2021 @ 8:46 am By Omar Faridi  |  

BBVA and Ant Group (Alibaba affiliate) have entered an agreement to work on the integration of financial services in their platform, Trusple. Based on blockchain or distributed ledger technology (DLT), this network aims “to accelerate the digital transformation and facilitate the financing of international trade… Read More

July 29, 2021 @ 11:04 am By Omar Faridi  |  

The International Chamber of Commerce (ICC) and Finastra have announced that they are bringing the trade funding marketplace pilot to Ecuador. ICC TRADECOMM – designed to tap into the international $1.5 trillion trade finance gap – should enable local SMEs to unlock new financing options…. Read More