Tagged: trade finance

Tradeteq Teams Up with Singapore’s eXchange inFintite or XinFin to Provide Tokenized Trade Finance

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

Cross-Border Trade Finance Provider Incomlend Boosts Factoring Solution

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

MonetaGo Provides Solution to Address Duplicate Financing Fraud in Global Trade Finance Industry

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

MODIFI Raises $24 Million, Brings Valuation to $120 Million

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

Trade Finance Network Contour Partners Global Shipping Business Network to Offer All-Digital Trading, Financing, Shipping Solution

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

XDC Network is First Blockchain Operation to Join Trade Finance Distribution Initiative

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

BBVA and Alibaba Affiliate Ant Group to Work on Integration of Financial Services via DLT based Trusple

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

Fintech Finastra and International Chamber of Commerce to Pilot Trade Funding Marketplace in Ecuador

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

Trade Finance Platform Focusing on LatAm Market Marco Financial Raises $82 Million

Marco Financial has raised $80 million in seed funding led by Kayyak Ventures while simultaneously received an increased credit line to $100M provided by Arcadia Funds. Additional investors in the seed round and expanded credit facility include Village Global VC, Flexport Ventures, Tresalia Capital, 342 Capital, Struck Capital,… Read More

DLT enabled Trade Finance Network Contour Launches Innovation Lab in Singapore to Support Digital Infrastructure

Contour, a blockchain or distributed ledger tech (DLT)-enabled trade finance network that was previously called Voltron, has established a new innovation lab in Singapore. Contour says it will be working cooperatively with its wide network of banking institutions, corporates and various other ecosystem partners to… Read More

DBS Bank and Contour to Expand Digital Trade Offerings in Australia, China, Hong Kong, Singapore

DBS Bank and Contour have expanded their digital trade offerings to four new markets in the Asia-Pacific (APAC) region. As mentioned in a release, digital letter of credit capabilities will be offered in Australia, China, Hong Kong and Singapore starting this month. The announcement also… Read More

Singapore’s #dltledgers, a Blockchain or DLT Platform for Cross-Border Trade, Secures $7M via Series A

Singapore-based #dltledgers, a blockchain or distributed ledger technology (DLT) platform for conducting cross-border trade, trade finance, and handling supply chain digitization, has secured $7 million in capital through a Series A round. The firm’s investment round was led by Regis and Savoy Capital, Vittal, Walden… Read More

AI enhanced Trade Finance Network Tradeteq Secures $9.4 Million via Series A Round from US Tech Investors

Tradeteq, a company that offers an AI-enhanced collaborative network for trade finance investors and originators to connect, interact, and transact, has finalized its $9.4 million Series A investment round from a group of US-based tech investors. Tradeteq has now raised over $16 million since it… Read More

Stockholm’s Trade Finance Fintech Mitigram Celebrates 5 Years Since Launch, has Negotiated $55 Billion in Trades

Trade finance Fintech firm Mitigram, which serves as a global platform for funding and hedging against trading risks, recently celebrated five years since its launch. Mitigram claims that it’s the first major digital market network for corporates, traders and financial institutions. Established in 2015, the… Read More

Singapore’s DBS and Standard Chartered are Leading a DLT based Digital Trade Finance Registry Project

Singapore based DBS Bank Ltd, (SGX: D05), a multinational banking and financial services corporation with over $330 billion in assets, and Standard Chartered, a major British financial services provider, are reportedly leading a workgroup of 12 other banks that are helping to develop a proof-of-concept… Read More

Triterras, a Blockchain based Fintech for Trade Finance, Reports $23.7 Million in Revenue, $14.2 Million Net Income

Triterras, a blockchain-based Fintech solution provider for trade finance, has released its financial results for the past six months (ending on August 31, 2020). Triterras generated $23.7 million in revenue during this time period. The company reported a net income of $14.2 million and its… Read More

Triterras, a Blockchain based Fintech for Trade Finance, Reports $5 Billion in Transaction Volume on its Kratos Platform during H1 2020

Triterras, a blockchain-based Fintech solution provider for trade finance, has revealed that its Kratos marketplace has handled approximately $5 billion of trade finance volume during the past six months ending on August 31, 2020. Kratos is a large commodity trading and trade finance platform that… Read More

Blockchain Platform XinFin Integrates Chainlink (LINK) which Offers Secure Decentralized Oracles for Reliable Financial Data

The developers of the XinFin [XDC] Network, an open-source, hybrid blockchain platform, have announced that they’ll be integrating their platform with Chainlink (LINK) Oracles in order to power several new trade finance use cases. Chainlink offers a market-leading decentralized oracle network. The platform has grown… Read More

BNP Paribas Securities Services to Use DAML Smart Contract Language to Develop Trade and Settlement Apps

The Securities Services division of France’s BNP Paribas, the 8th largest bank in the world in terms of total assets, has teamed up with Digital Asset (the company) to implement distributed ledger technology (DLT)-enabled trade and settlement applications. Through its partnership with Digital Asset (the… Read More

Global Trade Finance Marketplace Incomlend Raises $20 Million Series A Backed by Sequoia

Incomlend, an online invoice trading platform facilitating trade finance, has raised a substantial $20 million in a Series A funding round led by Sequoia India, according to a note from the firm. Global shipping and logistics firm CMA CGM Group also participated in the round… Read More

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