TRADETECH SHOWCASE 2018
In collaboration with GTR, GTR Ventures is honoured to bring you the latest #tradetechs from around the world as these firms solve problem statements in the world of trade and supply chain.
There is no better place to start looking at global trade innovation than from the vantage point of Singapore. APAC treasurers and decision makers for global corporates and trading firms sit here, striking supply chain deals for the region and inking contracts for commodities. As Asia’s leading financial centre and fintech hub, over 1,000 financial institutions provide some US$700bn of trade finance annually. Funding for fintech deals in Singapore hit almost US$700mn in 2017; and exceeded US$500mn for H1 2018.
Against this backdrop, today’s showcase is where the world’s largest trade and treasury community gather and see how they can partner or invest into new technology firms to improve their margins and enhance productivity.
Whether it is about improving financial inclusion for SMEs or making B-to-B payments more efficient, these innovators in trade offer an opportunity to see how your own organisation can adapt to changing trends in an increasingly digital world. If you are an investor, this is an opportunity for you to assess the viability of taking stakes in an evergreen sector that churns globally at US$18tn. If you are a non-bank, consider integrating with fintechs to create new products to better serve your customers.
Seabury TFX is specialist originator of trade finance. It works with direct corporates and multiple supply chain platforms to provide funding solutions for companies involved with global trade from purchase orders through to payments including inventory and invoices.
AgriDigital brings trade, finance and traceability into one global digital solution for supply chain from farmer to consumer. AgriDigital’s cloud-based, blockchain enabled commodity management platform makes agricultural supply chains simple, easy and secure. Focussed on the grains and cotton sectors, AgriDigital enables its farmer, trader, buyer, processor and storage operator users to manage all of their contracts, deliveries, inventory, orders, invoices and payments in one place and in real time.
Incomlend is a global invoice exchange where exporters from different countries can fund their cross-border receivables by selling them to private investors at
a discount. Importers can increase their credit terms to 120 days thanks to Incomlend’s Supply chain solutions. The platform trades in multiple currencies and offers an integrated digital receivables discounting solution to both suppliers and buyers across its global supply chain, dynamic discounting and factoring products.
Lucidity is a trade finance solutions provider that is paving the way for greater adoption of digitalized documents in global trade transactions. Lucidity provides comprehensive automation and digitalization solutions for supply-side documentation, ranging from transaction origination to electronic BL solutions for exporters and traders.
Trade Finance Market (TFM) provides liquidity for global trade – especially to SMEs in emerging markets ignored by funding institutions, connecting them with non bank funding sources for receivables, supply chain and long term trade finance. TFM has been operational since 2015, with blockchain applications for trade finance, including: Invoice Check – to stop multiple financing & invoice finance fraud & Collateral Check – to stop warehouse receipt fraud.
RM Technology Co., Ltd, a fintech company setup in China from 2015. The vision of the company is to make SMEs’ supply chain finance simple and safe. It collaborates with commercial banks, to provide enterprises and B2B portals with a payment, accounts and settlement platform, while enabling low cost financing. The solution – “Bank Account as a Service” have digitized and connected sellers and buyers in B2B marketplaces for their payment and settlement services, while retaining a connectivity to banks.