2019

TRADETECH SHOWCASE 2019

In collaboration with Global Trade Review (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. This year, we have broadened our shortlisting criteria to include innovative firms who address the perennial pain points in cash flow and working capital gaps for SMEs. 

There is no better place to start looking at global innovation in these verticals 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, over 1000 financial institutions provide some US$700tn of trade and supply chain finance annually. Besides the 400 plus community of corporates and traders tapping into trade finance liquidities structured out of Singapore – the SME suppliers to these corporates also benefit. 

Where liquidity meets innovation Singapore is also a global hub for innovation in financial services and insurance. Most recently, the Bank for International Settlements, dubbed the central bank for the world’s central banks, set up shop in Singapore; while the Monetary Authority of Singapore announced the issuance of five digital banking licenses. The annual Singapore Fintech Festival is the largest gathering of fintech players in the world, having attracted 45,000 participants and US$12bn of capital for Southeast Asia-based firms. 

Meanwhile, investment interest in fintech ventures in the APAC region continues to rise. Singapore is ranked third after China and India. Funding for fintech deals in Singapore expanded four-fold to US$453mn in the first half of 2019, up from US$118mn last year. 

What this means for the future of trade and SMEs 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 enabling lending to be more sustainable, impactful and efficient, these innovators in trade and SME finance 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 corporate, consider integrating with fintechs to create new products to better serve your customers. 

You may contact us at info@gtrventures.vc if you’d like to find out more. 

Supporting Firms

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Featured startups:

Obillex is a UK-based startup focused on facilitating a global trade finance marketplace to help players in the trade finance space. It boasts a unique patented product suite that revolves around the securitisation of receivables into digital bills of exchange to transform efficient financing for SMEs.

iLoan is a blockchain-powered enabler service platform that strives to bridge the credit crunch experienced in trade value chains. Through transparency of the entire trade cycle from the point of invoice origination to the payback of loans taken by retailers, iLoan provides measurable metrics to banks and financial institutions to unlock credit for the under-banked MSME sector.

SourceSage platform is a plug-and-play fintech platform which aims to allow companies to build marketplaces, payments, financing and logistics gateways. Its mission is to digitise transactions in traditional industries which have fragmented procure-sales-to-pay processes. The company is founded in 2015 and headquartered in Singapore, with subsidiaries in Vietnam, and India.

Q&X Credit is an insurtech startup specialising in the risk underwriting and real- time credit monitoring for credit insurance to support SME trade finance. It helps  SMEs obtain funding  by making risks transparent and forseeable among insurers, financiers and trading partners, so insurers are able to provide coverage against SME payment risks.

CarbonChain’s digitised documentary negotiation and exchange platform acts as single source of truth where users can securely and privately share distributed versions of trade documentation in real time. The platform allow users to achieve shorter settlement times, manage risk, reduce opportunities for fraud and provide a reliable view of the transaction state.

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Nufin Data is a Singapore-based fintech trade financing firm founded by Adera Global. With its proprietary cloud-based financing platform (NEMO), that enables connections between buyers and suppliers, Nufin Data offers alternative financing solutions to SMEs through trade-related data, and trade relationships. The platform was launched in April 2019 and has to date successfully funded SMEs in Singapore, Malaysia and Indonesia with a total gross transaction value of S$6mn.

Flowcast is a VC-backed fintech startup based in San Francisco (HQ) and Singapore. Flowcast started with the mission to help the underserved market gain access to capital through its advanced machine learning platform to harness untapped complex data to automate credit decisioning.

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Tradetech Showcase Afterparty

Introducing the annual #Tradetech Showcase proudly presented by GTR Ventures and GTR at GTR Asia 2019, the largest trade and supply chain event in the world.

We would like to thank DBS Treasures, Yogofi and the Central East European Chamber of Commerce for co-hosting the #Tradetech Showcase afterparty.

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