Author: gtrventures

GTR Ventures在新加坡金融科技節上宣佈達成三項新交易

I透過與金融科技公司合作,為新興亞洲市場提供更大的金融包容性

倫敦和新加坡2018年11月13日電 /美通社/ — 全球首個專門從事貿易和供應鏈業務的投資與創業支持平台GTR Ventures已宣佈,公司已與Lucidity、iLoan和融脈科技達成了三項新交易。公司在全球最大的金融科技活動 — 新加坡金融科技節舉辦的第一天公佈了這三項投資,這些投資代表了公司在中國和南亞市場的業務拓展舉措。

新加坡金融管理局(簡稱MAS)的金融科技總監Sopnendu Mohanty表示:「在金融科技企業家、金融機構以及崛起的數碼貿易和電商平台領導的創新的支持下,亞洲市場正處於重大數碼轉型階段。我歡迎GTR Ventures最近投資的企業加入我們的生態系統,期望為該地區中小企業提供更大的金融包容性。」 

Lucidity是一家貿易金融文檔解決方案提供商,透過採用自動化和機械學習,提升信用證等人工文檔工作的效率,使出口商能夠更快地收款和提升他們的生產率。Lucidity還為銀行提供自動化貿易金融合規檢查服務,在全球合規監管日趨嚴格的背景下,幫助他們縮減營運成本並降低業務風險。Lucidity由新加坡的全球港口營辦商新加坡國際港務集團 (PSA International) 旗下企業風投公司PSA unboXed提供支持。  

PSA unboXed副總裁Elton Fong就此次交易表示:「我們非常高興投資Lucidity。透過使用全球貿易行業資源,我們期待與銀行等所有利益相關者進行合作,以提升貿易數碼化水平。」

iLoan為中小企業、批發商和分銷商貸款提供區塊鏈解決方案。其技術使貸款商能夠減少發票詐騙,降低處理成本和對每筆交易進行高效追蹤。iLoan是John Keells X旗下公司,後者是斯里蘭卡最大的商業集團John Keells Group發起成立的初創企業加速器,其宗旨是為早期初創企業提供支持。 

據亞洲開發銀行的一項研究顯示,新興亞洲市場目前佔全球1.5萬億美元貿易融資缺口的40%。同時,據世界銀行的一份中小企業融資研究報告稱,營運資金缺口為2.6萬億美元。法律複雜度、外匯風險和跨境支付總成本進一步擴大了這些融資缺口,使得新興亞洲市場上的中小企業難以迅速且具成本效益地開展全球支付。

融脈科技為銀行、企業和B2B電商平台提供金融科技解決方案。其系列產品支持多渠道支付,且與銀行系統有著無與倫比的連通性,幫助實現清算和結算服務。融脈科技與中國七家銀行對接,擁有300多家中國客戶,每月處理的交易金額超過1億人民幣。融脈科技正在與 GTR Ventures合作,透過其現有的銀行和中國出口商網絡,提供具有成本效益的跨境B2B支付服務。  

GTR Ventures信息總監Kelvin Tan稱:「我們的願景是創建貿易和供應鏈領域具有吸引力的數碼金融科技解決方案,完全滿足銀行、非銀行和中小企業的需求,這些最新的投資符合我們的這一願景。憑藉業務覆蓋地區、貸款產品、營運效率、結算或資產分配優勢,我們將能夠解決交易價值鏈上的不同問題,從而為全球出口商和中小企業提供更大的金融包容性。」   

GTR Ventures簡介(聯繫電郵:info@gtrventures.vc,網址:http://www.gtrventures.vc/) 

GTR Ventures 在倫敦、新加坡和香港設有總部,是全球第一個致力於貿易和供應鏈的投資平台。GTR Ventures 與全球貿易與貿易融資信息、出版、新聞、網絡和活動領導者Global Trade Review(全球貿易評論,簡稱「GTR」)進行獨家合作,調集私人資本進入貿易和貿易融資領域,投資和支持關注貿易領域的金融科技公司(貿易科技公司)的發展,並與多方利益相關者進行合作,將技術整合進貿易之中。GTR Ventures主要關注四大投資領域:交易銀行業務(貿易融資、資金管理和現金)、貿易保險和風險管理、中小企業 (SME) 融資和供應鏈,以及實物貿易。 

PSA unboXed簡介 (聯繫電郵:psaunboxed@globalpsa.com;網址:https://unboxed.globalpsa.com ) 

PSA unboXed是新加坡國際港務集團旗下企業創新與風險投資公司。PSA unboXed力求利用來自初創企業的技術和創新,主要關注港口、海運、物流和集裝箱貨流領域。新加坡國際港務集團是全球領先的港口集團,集裝箱處理量為6400萬TEU(全球集裝箱處理總量為7億TEU),港口項目遍佈亞洲、歐洲和美洲。   

Lucidity簡介:(聯繫電郵:corporate@lucidity.asia;網址:http://www.lucidity.asia/ )  

Lucidity為出口商和交易商提供從交易發起到電子提單解決方案等自動化和數碼化供應端文檔解決方案。除了數碼化文檔之外,公司還運用機械學習來應對其中一項最重要的貿易文檔挑戰,即對人工體驗和理解的深度依賴。Lucidity使金融機構能夠在現如今企業成本意識越來越強的大環境下,與對手進行競爭甚至超越他們。 

約翰-基爾控股公司簡介(聯繫電郵:jkh@keells.com;網址:http://www.keells.com/ )

約翰-基爾控股公司(簡稱JKH)是斯里蘭卡最大的上市集團,公司股票在科倫坡證券交易所上市交易。從在斯里蘭卡和馬爾代夫管理酒店和度假村,到提供港口、海運燃料和物流服務,再到IT解決方案、食品飲品生產、連鎖超市營運、茶葉經紀、股票經紀、人壽保險、銀行和房地產,JKH的業務幾乎遍及所有行業領域。JKH是世界經濟論壇的正式成員,已在盧森堡證券交易所發行全球存托憑證,同時公司也是第一家在海外上市的斯里蘭卡企業。JKH擁有150多年的歷史,最初是19世紀70年代的生產商和交易所經紀商,透過不斷再創造、調整策略和重新定位,探索新的增長途徑,並以此聞名。

iLoan簡介(聯繫電郵:shamraz@iloan.lk網址:http://www.iloan.ik/

iloan成立於2017年,是一家新興金融科技公司,致力於為南亞前沿市場上的微型和中小企業提供營運資金獲取途徑。公司已開發了一項專有貸款聚合引擎和發票驗證協議,利用分散式總帳技術,幫助金融機構提高基礎貸款資產透明度。

融脈科技簡介(聯繫電郵:marketing@rm-tech.com.cn;網址:http://www.rm-tech.com.cn)  

融脈科技是一家總部位於中國廣州的金融科技公司。公司與中國七家銀行聯網,為企業和B2B電商平台提供支付、帳戶和結算平台,並支持低成本融資。迄今為止,融脈科技處理的交易額已超過10億人民幣,每月處理的交易額超過1億人民幣。

圖片 – https://photos.prnasia.com/prnh/20181112/2296399-1



聯繫人:Aidan Beresford,電話:+65-8445-1335

GTR Ventures Announces Three New Deals During Singapore Fintech Festival

From left to right-  Poh Teck Tan EVP GTR Ventures, John Khaw CEO Lucidity Digital Pte Ltd, Rupert Sayer CEO GTR Ventures, Sopnendu Mohanty Chief Fintech Officer Monetary Authority of Singapore, Fazley Azhar Director iLoan Sri Lanka, Ningwa Lau Co-Founder iLoan Sri Lanka, Kelvin Tan CIO GTR Ventures

GTR Ventures Announces Three New Deals During Singapore Fintech Festival

Deepening Financial Inclusion Across Emerging Asia Through Fintech Partnerships 

London/Singapore – November 12 2018GTR Ventures, the world’s first investment and venture-building platform specialised in trade and supply chain, has announced three new deals with Lucidity, iLoan and RM-Tech. These three investments, representing an expanded pivot towards markets in China and South Asia, were announced on the first day of the Singapore Fintech Festival, the world’s largest fintech gathering.

Sopnendu Mohanty, Chief Fintech Officer of the Monetary Authority of Singapore (MAS), says: “Asia is going through a phenomenal digital transformation on the back of innovation led by fintech entrepreneurs, financial institutions, and the rise of digital trade and e-commerce platforms. I welcome GTR Ventures’ recent investee companies to our ecosystem, and look forward to greater financial inclusion for SMEs in this region.”

Lucidity is a trade finance documentation solutions provider that employs automation and machine learning to improve efficiencies in manual paperwork such as letters of credit, allowing exporters to get paid faster and improve their productivity. Lucidity also enables automation in trade finance compliance checks for banks, helping them to reduce operational costs as well as lower their risks against the global backdrop of increasing compliance oversight. Lucidity is backed by PSA unboXed, the corporate venture capital arm of Singapore’s global port operator PSA International.

Commenting on the deal, Elton Fong, Vice-President of PSA unboXed, elaborates: “We are pleased to have invested in Lucidity. Leveraging our access to the global trade community, we look forward to working with all stakeholders, including banks, to increase the digitisation of trade.”

iLoan provides blockchain solutions for loans to SMEs, wholesalers and distributors. Its technology allows lenders to reduce invoice fraud, lower processing costs and have efficient traceability of each transaction. iLoan is a part of John Keells X, which is a startup accelerator designed to support early stage startups, initiated by John Keells Group, Sri Lanka’s largest business conglomerate.

According to an Asian Development Bank (ADB) study, emerging Asia constitutes 40% of the global US$1.5tn trade finance gap. Meanwhile, a World Bank study on SME finance attributes the working capital gap at US$2.6tn. Adding to these finance gaps are the legal complexities, FX risk, and overall costs of cross-border payments that make it difficult for SMEs in emerging Asia to quickly and cost-effectively make payments globally.

RM-Tech is a fintech solution provider to banks, corporates, and business-to-business (B2B) portals. Its product suite allows for multi-channel payments and unparalleled connectivity to banks for clearing and settlement services. Connected to seven banks in China, it has over 300 Chinese customers and processes over RMB100mn of transactions each month. RM-Tech is working with GTR Ventures to offer cost-efficient cross-border B2B payment services from its existing network of banks and Chinese exporters.

Kelvin Tan, CIO of GTR Ventures, says: “These latest additions to our investment portfolio correspond with our vision to create a compelling network effect of digital fintech solutions in the world of trade and supply chain that can comprehensively cater to banks, non-banks and SMEs. Be it geographical reach, loan products, operational efficiency, settlements or asset distribution, we are on track to tackling different parts of the transactional value chain with a view to deepening financial inclusion for exporters and SMEs globally.”

About PSA unboXed (Contact: psaunboxed@globalpsa.com; website: https://unboxed.globalpsa.com)

PSA unboXed is the corporate innovation and venture capital arm of PSA International. PSA unboXed seeks to harness technology and innovation from startups with a focus on ports, maritime, logistics and containerised cargo flow. PSA International is a leading global port group handling about 64mn containers (TEUs) out of 700mn globally, with port projects spanning across Asia, Europe and the Americas.

About Lucidity: (Contact: corporate@lucidity.asia; website: www.lucidity.asia)

Lucidity provides automation and digitalisation solutions for supply-side documentation, ranging from transaction origination to electronic bill of lading (BL) solutions for exporters and traders. Going beyond digitised documents, the company employs machine learning to solve one of the most important challenges surrounding trade documentation ‑ its deep reliance on human experience and comprehension. Lucidity allows financial institutions to compete and stay ahead of their competitors in today’s increasingly cost-conscious macro-environment.

About John Keells Holdings (Contact: jkh@keells.com; website: www.keells.com)

John Keells Holdings PLC (JKH) is Sri Lanka’s largest listed conglomerate in the Colombo Stock Exchange. From managing hotels and resorts in Sri Lanka and the Maldives to providing port, marine fuel and logistics services to IT solutions, manufacturing of food and beverages to running a chain of supermarkets, tea broking to stock broking, life insurance and banking to real estate, JKH has made its presence felt in virtually every major sphere of the economy. JKH is a full member of the World Economic Forum and having issued Global Depository Receipts on the Luxemburg Stock Exchange, was the first Sri Lankan company to be listed overseas. With a rich history of over 150 years, since modest beginnings as a produce and exchange broker in the early 1870s, JKH has been known to constantly re-invent, re-align and reposition ourselves in exploring new avenues of growth.

About iLoan (Contact: shamraz@iloan.lk; website: www.iloan.ik)

Founded in 2017, iloan is an emerging fintech company that provides access to working capital for micro and SMEs in South Asian frontier markets. It has developed a proprietary loan aggregation engine and invoice verification protocol using distributed ledger technology to enhance transparency on underlying loan assets for financial institutions.

About RM-Tech: (Contact: marketing@rm-tech.com.cn; website: http://www.rm-tech.com.cn)

RM-Tech is a fintech company based in Guangzhou, China. Connected to seven banks in China, it provides enterprises and B2B portals with a payment, accounts and settlement platform, as well as enabling low-cost financing. RM-Tech has processed over RMB1bn of transactions to date and processes over RMB100mn-worth each month.

GTR Ventures Makes First Africa Investment

GTR VENTURES MAKES FIRST AFRICA INVESTMENT

VENTURE BUILDING FIRM BACKS DIGITAL TRADE AND INVESTMENT PLATFORM ORBITT

London/Singapore – October 30 2018: GTR Ventures, the world’s first investment and venture-building platform specialized in trade and supply chain, has announced an investment in Orbitt – a pan-African focused fintech deals platform.

Orbitt connects investors with trade and investment opportunities through its smart-matching technology. The company has facilitated over $100m of equity, debt and trade finance transactions to date and is digitising the African investment ecosystem.

While becoming GTR Ventures first Africa-focused investment, Orbitt joins a growing portfolio of tech-enabled companies that are delivering products for the global trade and investment community. GTR Ventures, based out of London, Singapore, and Hong Kong, will work with Orbitt to strengthen their trade finance capabilities from a product and innovation perspective as well as growing the platform’s relationships within the global marketplace of traditional and digital trade finance players.

“Our partnership with GTR Ventures comes at an exciting time for us,” said Lanre Oloniniyi, Co-Founder of Orbitt. “GTR Ventures’ network of trade and export organisations will be important in helping us attract major banks and funds across Asia, Europe and the Middle-East, to increase trade finance lending and investment into Africa.”

The announcement falls during the Global Trade Review (GTR) Africa Trade and Investment Conference in London, which has become a key annual gathering for international trade, export and project finance professionals interested in the continent. Key financial institutions present at the conference include Afreximbank, Ecobank, Standard Chartered, SMBC and BACB.

Singapore-based Kelvin Tan, Chief Investment Officer of GTR Ventures elaborated, “Africa-Asia trade today stands at $500 bn, annually. However, capital providers to Africa remain hampered by the lack of financial tools and access to data. Orbitt’s technology can help lenders manage their risks, and to complete timely transactions in otherwise disconnected markets. We welcome partnerships with all stakeholders to improve credit transparency on the continent. Collectively, our vision is to enhance the bankability of every firm, SME, and transaction in Africa.”

Peter Gubbins, Managing Director of GTR and co-founder of GTR Ventures, added: “Although the continent has a trade finance gap of over $100bn, we see an increasing amount of institutional and impact capital keen on doing more with Africa. Leveraging GTR’s tremendous African footprint – Nigeria, Kenya, Zambia and South Africa, we see Orbitt working alongside our partner banks and funds to bridge this gap.”

Fintechs Partner To Use Blockchain To Eliminate Invoice Finance Fraud

For the first time, alternative funders will be able to derisk invoice and receivable finance transactions – reducing compliance costs and fraud.

Singapore, October 16 , 2018 – Fintech global invoice discounting platform Incomlend has adopted Invoice Check – a blockchain application developed by Trade Finance Market (TFM) – to quickly and easily determine if an invoice on their platform is potentially being double financed on the outside.  

Invoice finance fraud is a huge problem because a financier has no way of knowing if an invoice is fraudulent or has already been financed by another funder. The International Chamber of Commerce found almost 20 percent of banks reported an increase in fraud allegations over the past year – representing a major threat for businesses and organizations around the globe. When a default occurs, there may be several funders who all think they own the invoice or receivable. This problem is magnified in cross border transactions, especially when only paper invoices are used and in markets where there is no central registry with which to register a charge.

Using blockchain technology, Invoice Check encrypts transaction data whilst also providing information on whether an invoice is potentially fraudulent or being double financed. A key difference with Invoice Check is that it does not rely on a central registry – using instead the power of decentralized ledger technology. Data is protected from potential competitors and is tamper resistant once on the blockchain. Invoice Check works alongside existing technologies and can be easily deployed via an API, which keeps costs down and increases accessibility.

Founding Partner of Incomlend, Dimitri Kouchnirenko, sees this as an important development:

“Partnering with TFM on invoice fraud risk mitigation through practical blockchain technology is a major milestone for Incomlend. We are proud to be on the forefront of innovation with TFM’s Invoice Check deployment into our systems, reinforcing even further our cross-border risk management framework. We invite all the fintech invoice trading platforms and other financiers to join the TFM initiative to build the world’s first global immutable registrar of receivables finance transactions based on decentralized ledger technology, contributing to making international trade finance a safer place.”

“We are extremely pleased to be working with Incomlend – demonstrating how fintechs are taking the lead in pioneering practical use of distributed ledger technology.” said TFM Executive Director, Raj Uttamchandani.”The inability to validate invoices is an obstacle for SMEs in obtaining finance and slows growth. Invoice Check fills this gap and utilizes blockchain in a way that has never been done before – with the end goal of providing funders with security and SMEs with liquidity.”

Kelvin Tan, Co-founder and Chief Investment Officer of GTR Ventures, which has invested in both TFM and Incomlend, adds:  

“We are very happy to see both our portfolio companies in the fintech lending space, working together to enhance their risk management processes. Multiple invoicing is a global, industry-level risk that afflicts not only alternative fintech lenders and factors, but also banks, insurers, and credit funds.

Such collaboration fulfills our vision to go beyond mere venture capital investing, and, as a venture builder,  take proactive steps to solve structural pain points in the lending sector.”

Leveraging Singapore as a starting point as a trusted digital data hub, we welcome all lenders, banks, non-banks, and fintechs,to partner us in our vision to build an alliance to reduce risks in the lending sector, and mitigate fraud.”

Heng Swee Keat, Minister for Finance, at the Official Launch of NTP​

Date: 26 September, 2018 

Location: Orchard Hotel Singapore 

Time: 10:30 AM 

At the launch of the Networked Trade Platform (NTP), Minister of Finance Heng Swee Keat outlined key initiatives for the new organization.

NTP seeks to digitalize trade documentation and processes, transforming the trade landscape while raising productivity and creating new opportunities for digital trade service providers and the trading community more generally.

Heng Swee Keat also hopes to broaden and globalize the Singapore trading community by integrating B2B and B2G transactions.

He described NTP as a transformational platform that will give Singapore traders a “one-stop” interface for all trade related regulatory transactions. He believes NTP will help boost productivity and competitiveness, while unveiling new opportunities to traders. 

Click below for a link to the speech. 

GTR Ventures Tradetech Showcase Competition

Date: 5 September, 2018 (Day 2 of the conference)

Location: Marina Bay Sands 

Time: 11:00 to 13:00

With the trade finance market seeing a constant stream of new entrants, from invoice financing platforms to blockchain-based technology consortia, this showcase competition brought various start-ups together for the chance to “pitch” their business models, strategies and activities to a panel of expert judges. Strong emphasis was placed on innovation, efficiency and providing greater access to finance particularly for the underserved SME market.

Host: Jolyon Ellwood-Russell, Partner, Simmons & Simmons

Judging Panel:

  • Juliet Zhu, Vice President (Investment), Fosun RZ Capital Southeast Asia
  • John Bugeja, Managing Director, Trade Advisory Network (TAN)
  • Kenny Leung, President & CEO, Premium Technology
  • Joshua Cohen, Managing Director of Financial Institutions, Mitigram

Competition Entrants: 

Robert Lin, President & CEO, Seabury Trade Finance Exchange

Seabury TFX provides businesses with the freedom to run, to grow, and to succeed. As specialists in supply chain finance, the company’s expertise lies in having the “right financing product at the right place at the right period at the right price”-the Four Pillars’ of Seabury TFX. Seabury TFX excels at providing the “right financing product” as it ensures that manufacturing businesses can replenish their capital at the fastest speed and lowest cost to keep the supply chain moving. Seabury liberates businesses from the constraints of liquidity and gives them the capital necessary to be successful.

John Khaw, Co-Founder & CEO, Lucidity

Lucidity is a trade finance solutions provider in Singapore, specializing in automating manual processes and reducing the knowledge deficit that often contributes to documentation discrepancy. Lucidity’s platform enables companies to create, review and approve paper trade documents with its supply chain. Lucidity counts PSA (the world’s second largest port operator) as one of its key shareholders

Emma Weston, Co-Founder & CEO, AgriDigital

In December 2016, AgriDigital achieved the world’s first settlement of a physical agri-commodity on a blockchain between a farmer and a buyer in New South Wales, Australia and was recognised by Fintech Australia presenting AgriDigital the Excellence in Blockchain and Distributed Ledger Technology award for 2017. AgriDigital recently launched its digital supply chain platform for the agricultural sector and continues to work with blockchain and other novel enabling technologies to bring efficiency and transparency to global supply chains

Raj Uttamchandani, Executive Director, Trade Finance Market

Singapore-based Trade Finance Market is a fintech leader in providing alternative trade finance solutions for small and medium enterprises. TFM also develops blockchain-based tools to derisk and lower the cost of trade finance transactions – including InvoiceCheck, a tool designed to reduce invoice finance fraud.

Dimitri Kouchnirenko, Founder, Incomlend

Operating in Hong Kong and Singapore, Incomlend is a global invoice exchange where companies from different countries can fund their export receivables by selling them to private investors at a discount. The platform trades in multiple currencies and offers an integrated digital receivables discounting solution to both suppliers and buyers, dynamic discounting and factoring products. Investors’ capital is protected against debtors’ credit risk by world leading credit insurers

Gideon Ong, Co-Founder, RM-Tech Co

RM Technology Co Ltd, a Fintech company setup in China from 2015. The vision of this company is to make SMEs supply chain finance simple and safe. RM Technology collaborates with commercial banks, to provide enterprises and B2B portals with a payment, accounts and settlement platform, as well as enabling low cost financing

Startups Pitch at GTR Asia Tradetech Forum

 

On June 11, approximately 150 delegates representing over 100 countries gathered at the JW Marriott Hotel in Hong Kong for the GTR Asia Tradetech Forum. The conference brought together an array of trade and industry experts all featuring the latest technological developments for trade and supply chain.

The conference featured a discussion on the latest around the Global Trade Connectivity Network. The Global Trade Connectivity Network is the first joint venture innovation project arising from the agreement signed by the Hong Kong Monetary Authority and the Monetary Authority of Singapore. The panel was moderated by David Koh, Regional Head of Transaction Banking for Greater China and North Asia for Standard Chartered Bank, and featured Nelson Chow, Chief Fintech Officer for Hong Kong Monetary Authority, and Serene Ho, Director of the National Trade Platform Office for Singapore Customs.

To close out the conference, a #tradetech technology showcase panel was led by the following experts:

  1. Musheer Ahmed (General Manager of the Fintech Association of Hong Kong);
  2. Frankie Tam (Vice President of Hong Kong Internet Finance Association),
  3. Angie Lin (Co-CEO of AMTD Strategic Capital).

 

Featuring Our Portfolio Companies

The showcase featured four different presentations led by fintech startups.

  1. Tradeteq, led by Nils Behling, opened the showcase with a presentation on Achieving Transparency in Distributing Trade Finance Assets.
  2. Culum Capital’s CEO Ginnie Chin followed with a presentation on Unlocking Working Capital with Trade Finance.
  3. RM-Tech’s Gideon Ong presented on Enabling Low-Cost Financing Through Bank Accounts
  4. Finally, the showcase concluded with Diginex’s, led by Thomas Glucksmann, presentation on Enhancing Working Capital Positions with Smart Contracts.

GTR Ventures Shortlisted for Wild Digital Venture Tech Conference

The Wild Digital Venture Tech Conference, hosted on July 4-5 in Kuala Lumpur, Malaysia, featured presentations from 70 speakers with over 1200 delegates from an array of industries. The conference centred on the theme Inspire Connect Disrupt and brought together top internet players, entrepreneurs, investors, executives and founders. Day one of the conference featured a presentation on venture capital funding by GTR Ventures’s CIO Kelvin Tan, and it was truly an honour to be selected to appear at this prestigious event.

GTR Ventures Makes New Appointments

GTR Ventures has recently appointed Poh Teck Tan as its new Executive Vice President, as well as Audrey Weber as the new summer analyst. They join a well-established team led by co-founders, Rupert Sayer and Kelvin Tan.

Poh Teck Tan: Executive Vice President

Poh Teck is a seasoned international business and investment veteran, backed by more than 40 years of working experience in various sectors ranging from real estate, infrastructure, to M&A and group level investments. 

 

Notably, he has worked in various companies within the Singapore government linked investment arm Temasek Group, including many years with Sembcorp Industries Ltd. He was involved in several large-scale commercial/industrial townships & infrastructure development projects in Abu Dhabi, Bahrain, Dubai, Fujairah, China, Indonesia, Myanmar and more recently in Bangladesh. He was also instrumental in successfully setting and managing various overseas offices and joint-venture companies.

 

Having served as the Deputy to CEO of the Singapore Business Federation (SBF) and Head of Global Business Division, Poh Teck brings to GTR Ventures a wealth of experience in making global alliances in emerging markets. During his time at the SBF, he forged strong connections with Singapore based companies and led various business missions to Africa, Asia, China, & the Middle East. At the same time, he was responsible for all commercial ventures, including large scale business events in Singapore such as the Global Entrepolis@Singapore and APEC 2009. In terms of setting up and managing various international cross-border initiatives, under his charge were the following platforms: the Abu Dhabi Singapore Business Forum, the Africa Business Group, the ASEAN Business Group, the China Business Group, the Middle East Business Group, the Malaysia Singapore Business Council, the Russia Singapore Business Forum, and the Saudi Singapore Business Council.

 

Audrey Weber: Analyst

Audrey Weber is final year Economics and Finance student at the University of Exeter. Audrey has prior experience as an accounts specialist at a psychotherapy clinic in Washington, DC, and as a program intern at the National Association of Regional Councils. 

Tradeteq: Making trade finance investable

By Mike Dimelow at Accelerated Ventures

The global trade finance market is worth $12trn USD annually, which is largely funded by banks and currently isn’t an investable asset class for institutions.

Tradeteq’s founding team want to change all that through an AI-driven marketplace platform which opens up trade finance to a more diverse set of companies than traditional credit scoring models do.

A platform approach to trade finance can remove the friction currently preventing institutional investment at scale and enable fast growing internationally focused SME/SMB’s to access competitively-priced finance.

Initially the marketplace connects trade finance originators with institutional investors and provides them with an arena to interact and transact efficiently. Machine learning is used to deliver advanced credit analytics and reporting, making trade finance asset investment transparent and scalable.

Since launch in 2016, $150m of assets have been processed through Tradeteq’s platform – resulting in Wealth and Finance Magazine naming it ‘Best Trade Finance Collaboration Network 2018’.

This is a huge opportunity and a space that Tradeteq’s founding team have years of world-leading trading experience within and are ready to redefine the industry. We’re really excited to play a small part in this big mission!

Christoph Gugelmann, co-founder and CEO of Tradeteq (formerly Goldman Sachs, Merrill Lynch, Morgan Stanley): “We started Tradeteq with the vision to make trade finance investable and to establish trade finance as an alternative asset class. This funding is a significant milestone for Tradeteq as it will allow us to aggressively expand our sales and marketing efforts as well as broaden and expedite product development.”

Nils Behling, co-founder and CFO (formerly Weil Gotshal, Merrill Lynch, Trafigura), added: “This successful funding round allows us to significantly accelerate Tradeteq’s development and to secure our position as innovation leader in the digital transformation of trade finance.”

Previous investors include GTR Ventures (trade industry experts), which in invested in the company in March 2018 and since then Tradeteq has opened an office in Singapore to lead its expansion into Asia Pacific.

 

This article first appeared at Accelerated.Ventures

Investors: how will you leverage the expected growth of the trade finance market?

By Christoph Gugelmann

A new study by Technavio came out at the end of May, stating that the global trade finance market would grow at a compound annual growth rate of 3.75% between 2018 and 2022. The prediction is based on market analysis with inputs from industry experts including key financiers like BNP Paribas, Citigroup and HSBC, amongst others.

Despite an increase in protectionist rhetorics, trade flows are forecast to grow by 4.3% a year, reaching nearly US$19tn by 2020, according to the 2017 ICC Trade Register. In the same report, the ICC points out that trade finance revenues are expected to reach US$44bn by 2020, based on growth projected in markets where trade is conducted to a significant degree on the basis of traditional trade finance.

The numbers are clear: the trade finance market is on an upward trajectory – one that no one in the financial sector can afford to miss.

Unsurprisingly, the trend of rapid technological advances has been identified as a key trend driving this market growth. “Technological advances boost the increased automation and standardisation of trade financing transactions. This reduces the risk of manual transactions,” a Technavio analyst comments in the firm’s study.

In particular, the involvement of clearing houses as intermediaries between buyers and sellers of financial instruments are seen as crucial to growth by the authors. Such intermediaries are making transactions safer, but also more investable.

More and more trade finance players are investing in fintech platforms that can streamline and facilitate their processes, but also allow them to distribute parts of their trade finance portfolios to other banks and institutional investors, as a way to maximise the opportunity.

There is a recognition in the market that trade finance assets are attractive to investors, since they present a lower default risk than many other asset categories. Yet, distribution to institutions other than banks remains rare. Why is that? Various surveys cite a lack of standardisation, fear of non-compliance to regulations and the low efficiency of transactions (which so far have mainly been conducted on an isolated basis) as reasons why investors are still rarely present in transactions.

All these obstacles can be overcome with the use of technology such as artificial intelligence and machine learning, which are already operational in many sectors – including credit analytics. The emergence of new platforms increasing the transparency and efficiency of trade transactions, combined with the expected growth of the sector in coming years, means there has never been a better time for institutional investors to get involved.

To learn more, visit https://www.tradeteq.com/insights

Can tighter oversight rein in risks in Singapore’s booming invoice finance market?

The industry’s unregulated nature renders investors vulnerable as revealed by a massive S$6.9m fraud case.

Investors are treading more cautiously after an unravelling $6.9m sham at a Singapore crowdfunding site laid bare the vulnerabilities and risks associated with an industry promising quick returns to growth-hungry SMEs.

The move comes as a local news report revealed that invoice financier Capital Springboard sold around 60 fake invoices worth $6.9m to investors from Vangard Project Management (VPM), an SME specialising in interior design.

Cautionary tale
As the lion city throws open its doors to SMEs with the hopes of driving innovation and attracting international talent, a number of financing methods have similarly cropped up to meet the various capital needs of growing businesses. Obtaining financing has been cited as the fourth greatest growth challenge hounding startups, ceding only the top spots to chronic manpower problems and limited market size, according to a report from NUS Enterprise.

From venture capital and angel investing to traditional business loans to various incubator and accelerator programmes, invoice financing has emerged as another viable funding method for cash-strapped SMEs.

Invoice financing enables businesses to secure cash by leveraging against the value of payments they are owed from their customers for an agreed return to investors, providing them with instantly available capital to pursue further growth opportunities. Investors assume the cost of between 70 to 90% of a business’ total invoices which works best for short period of time ranging from two weeks to a year.

Higher flexibility, easier access to funding and speedier funds provision as opposed to traditional banking loans are invoice financing’s greatest strengths, Dimitri Kouchnirenko, founder and CEO of online multi-currency invoice exchange platform Incomlend told Singapore Business Review.

“Businesses with tight cash flows due to large receivables or long credit terms from customers usually utilise this product. Historic or existing cash balances do not matter as much as repayments are secured via payment on invoice,” added Pawel Kuznicki, CEO of peer-to-peer and invoice financing platform Capital Match.

Whereas it would take months for a traditional lender to review a facility limit, invoice financing can disburse funds often within 24 hours and borrowers often have little to no collateral to provide, Kouchnirenko added.

“A rising rate environment also makes it difficult for SME’s to acquire funding through traditional methods such as the banks and the scrupulous vetting procedures generally expose fundamental flaws in the SME’s structure,” explained Oriano Lizza, a sales trader at CMC Markets.

This means that the method arguably carries less risk of default for lenders than short-term financing as the borrower has already delivered to its customers amidst reasonable expectations of being repaid.

However, the method is not entirely without risk as the unraveling fraud with Capital Springboard revealed, especially as VPM’s invoices with CS were non-notified in nature. An invoice financing of this type means that the SME did not inform its customers of its working relationship with platforms like Capital Springboard including the fact that it was tapping the financier for its funding needs.

This method of invoice finance inherently raises the risk premium, noted Kouchnirenko, as the lender is left with little option to verify the authenticity of the invoice as it is not able to confirm it directly with the buyer.

“Most often this could lead to the lender being exposed to fraud. Due to its highly risky nature, not only does it increase the probability of fraud but it also raises the risk premium hence the cost of financing for the borrower,” the Incomlend founder pointed out.

Capital Match’s Kuznicki similarly suggested that, whilst non-notified invoice financing is more troublesome in terms of verification, the platform is able to verify invoices as well as provide supporting documents including certified delivery orders and progress claims with the buyer to guarantee that the financing is backed by a legitimate invoice where the work has already been completed, although this is not necessarily practiced by all lenders in the market.

Regulation and risk management
The recent fraud that took place calls attention to the relatively unregulated nature of the industry that has allowed fraudsters to slip to the cracks and take advantage of a legitimate funding method that has provide the necessary financing fuel for countless businesses in the past.

Although demand from SMEs for invoice financing has not dampened significantly, investors are proceeding with more caution amidst calls for greater oversight to prevent similar lapses in the future.

“It could be argued that a Monetary Authority of Singapore regulated company would not have got[ten] this far or even set up in the first place,” explained Lizza. “The market is somewhat regulated but not completely so this leaves it open to exploitation and abuse.”

With this case as the catalyst, MAS could possibly proceed to reduce the number of new market entrants or intensify its regulatory reach and set more stringent risk management standards to set a precedent for similar cases in the future.

Although the number of approved funding applications may diminish in the short term as a result of intensified regulatory scrutiny, the industry is poised to benefit in the long run from common basic standards and practices in place to ensure the stability and transparency of the funding process, Kouchnirenko added.

Crowdfunding platforms are similarly doing their part by ramping up their risk management capabilities. Carrying out regular background checks on borrowers, scrutinising new applicants and creating a shared database of blacklisted borrowers between platforms and traditional lenders can also do wonders to avoid multiple finance for the same receivable title, he added.

“Different lending platforms are communicating, albeit unofficially, to ensure errant SME owners are blacklisted by the various credit teams,” said Kuznicki.

For Kouchnirenko, the case is not only a timely reminder of the pitfalls of investing but also an opportunity to improve funding methods for SMEs.

“We think that the industry will be called upon coming together to improve collaboration, risk management measures and common standards. This event is an opportunity for everybody to re-think and improve the industry’s working practices and we are confident this will happen.”

This article first appeared in Singapore Business Review.

A new way to play trade

By Global Trade Review

GTR Ventures is a new investment firm formed in partnership with GTR, investing in the equity of trade technology companies and underlying trade finance debt. Here, Kelvin Tan, CIO of GTR Ventures, discusses the global opportunities in trade investment and how he hopes GTR Ventures will create value.

 

What does GTR Ventures bring to the table that’s different?

Tan: We saw an opportunity to leverage GTR’s unique and huge global trade finance intelligence hub to bridge the gap between capital, technology and investment. As a global funnel for origination, information and distribution, GTR Ventures addresses two big challenges for investors and bankers: we can find good deals and are also able to sustain a pipeline of good deals to match optimal capital deployment.

 

Why now?

Tan: The global trade game is changing for all stakeholders and at a pace faster than we in the trade world ever anticipated. We see the governments, corporates, banks, insurers and investors we deal with globally coming to terms with disruption in an industry that has not meaningfully changed for decades. The unified system built around established rules and relationships is giving way to decentralisation, digitalisation and derisking; technology solutions are blooming, new sources of capital are emerging and trade corridors opening.

There’s a huge amount of innovation in this environment and opportunities for those playing it smart. Since our debut, we’ve set a blistering pace when it comes to engaging innovative companies in the trade sector. We’ve taken strategic stakes in some of them and are forming new partnerships and alliances.

 

How are you approaching your goal to bridge the gap between capital, technology and investments in trade? Where are you seeing opportunities?

Tan: We have been actively tracking non-bank trade lenders and platforms and shortlisting the ones who have sound credit assessment processes, good governance and potential to scale through the astute use of technology. In particular, digital lenders from markets such as the UK, France, China, Hong Kong and Singapore present interesting opportunities for investors and banking capital to access attractive returns from SME trade lending.

Post Brexit, we expect UK firms and entrepreneurs – as well as the government – will look to Asia’s fastest growing economies. After the 9th UK-China summit in December last year, the two countries announced plans for a UK-China US$1bn private equity fund, focused on connectivity deals under the Belt and Road Initiative.

 

What broader trends do you think are important in global trade?

Tan: We’ve thought a lot about this as we curate deals for our stakeholders in the global banking and investment community. We have five core beliefs about the future that guide our actions today.

First, the future of trade is digital, automated, backed by analytics and increasingly real time.

Second, technology and innovation can liberate liquidity within supply chains, lower credit risk for suppliers and improve global financial inclusion.

Third, bank lending is here to stay, while non-bank lending will play an increasingly large role – we see that with shipping lines and e-commerce now providing trade finance loans. Beyond equity capital, trade finance startups need debt capital to grow. This is particularly pertinent for digital non-bank lenders as they grow their loan books and diversify their base of borrowers, particularly to SMEs.

Fourth, private debt, comprising trade finance loans, will rise as an alternative asset class for investors looking for stable returns, portfolio optimisation and low volatility akin to investment grade bonds.

Finally, blockchain has potential multiple use-cases for trade, and can be disruptive; however, it should not be the starting point and raison d’être for any trade product offering, but as an enabler.

 

Kelvin Tan is the CIO of GTR Ventures following a career spent at IFC, Singapore’s ministry of trade and the Monetary Authority of Singapore (MAS). Visit www.gtrventures.vc

 

This article first appeared on Global Trade Review.

Global News Mail: GTR Ventures makes debut investments in Singapore trade-linked fintechs

Global News Mail

Tue, Mar 13, 2018

Singapore

GTR Ventures, the world’s first investment platform targeted at trade-related fintechs, has closed its first five investments, including in several Singapore fintechs that are taking aim at the US$5 trillion trade-finance gap globally.

It did not disclose the full valuation of each fintech, but the equity positions in the five companies collectively value them at around US$50 million, GTR Ventures said in a media release on Monday.

GTR Ventures is the venture capital arm of trade finance intelligence firm Global Trade Review, and has offices in Singapore, Hong Kong and London.

Singapore-based Kelvin Tan, chief investment officer of GTR Ventures, said that the founders behind these fintech firms are using technology and data analytics to mitigate risks, make lending more efficient, and close the trade finance gap.

“The global trade sector is transforming with digitisation and data-driven infrastructure connecting diverse players across the physical and financial aspects of trade. Our vision is to work with these companies and build strategic first-mover stakes in the future of trade.”

The fintech companies collectively have helped to tie up more than US$160 million in trade loan deals since their inceptions.

They include Singapore-headquartered Culum Capital, which provides companies with working capital funding using trade finance solutions particularly in receivables purchase and supply chain finance.

Another is Singapore-based Trade Finance Market, a fintech that has developed a digital tool to reduce invoice finance fraud.

GTR Ventures said it is working on a “strong pipeline” of additional investments and expects to close five more deals and global partnerships in the next quarter.

This article first appeared on Global News Mail.

XueHua: GTR Ventures宣布首次对五家贸易领域的金融科技公司进行投资

Xue Hua

伦敦和新加坡2018年3月12日电 /美通社/ — 全球首个专门从事贸易和供应链业务的投资与创业支持平台 GTR Ventures,宣布首次对五家贸易领域的金融科技公司 — Tradeteq、Trade Finance Market、Culum Capital、eFundSME 和 Incomlend 进行投资。这些投资为后续的一系列强大交易拉开了帷幕。GTR Ventures 已经由此入股这五家公司,总值为5000万美元左右。

GTR Ventures首席执行官鲁伯特-萨伊尔和首席投资官Kelvin Tan(陈循奕)与五家贸易领域的金融科技公司的创始人,一起大胆重塑未来贸易

在这五家公司中,有四家是数字贸易借贷公司,还有一家是让机构投资者能够获得全球贸易工具的平台,自成立以来,这五家公司已经促成了金额超过1.6亿美元的贸易贷款交易。GTR Ventures 于2017年9月建立,将和这五家公司进行合作,并将通过全球拓展,开发新产品(例如贸易融资指数),以及接入全球数字贸易融资资产市场等方式,帮助发展他们的业务。

Tradeteq(总部位于英国)首席执行官克里斯托夫-古格尔曼(Christoph Gugelmann)说:“我们很高兴能够在 Tradeteq 继续发展的时候与 GTR Ventures 进行合作。这项合作将会帮助我们覆盖贸易生态系统中的所有参与者,加强我们在欧洲的基础,同时支持我们扩展进入包括新加坡、香港、上海和东京在内的亚洲市场。”

GTR Ventures 首席投资官 Kelvin Tan(陈循奕)表示:“全球贸易领域正在为数字化和数据驱动型基础设施所改变,而后者能够连接贸易实物和融资方面的各种参与者。Tradeteq、Trade Finance Market、Culum Capital、eFundSME 和 Incomlend 背后的创始人们利用技术和数据分析来降低风险,让借贷更为高效,弥合贸易融资上面的缺口,以此来推动这一变革。而我们的愿景是与这些公司进行合作,在未来贸易方面构建战略性的先发优势。”

GTR Ventures 首席执行官鲁伯特-萨伊尔(Rupert Sayer)则表示:“贸易领域的形势迅速改变为投资者带来了令人激动的机遇。正像我们首批投资交易所显示的那样,GTR Ventures 现在居于独一无二的有利地位,能够发现出色的投资项目,并能通过建立合作关系和联盟,打造将能塑造未来贸易和贸易融资的全球网络。”

GTR Ventures 正在进行一系列其它卓越投资,预计将在下个季度达成另外五项投资交易和全球合作。

贸易融资为年度金额达到16万亿美元的全球贸易提供支持,是一个新兴的专业性投资领域。不过,约有30%的全球贸易(金额约为5万亿美元)出现了资金不足的问题。这样的贸易融资缺口为债券和股权投资者带来了日益发展的良好机遇。贸易的投资回报传统上来自于债务资本提供方,而“贸易科技公司”的崛起为寻求实现业务多元化的私募股权和其他投资者带来了新的机遇。

This article first appeared on Xue Hua News.

Fintech Istanbul: GTR Ventures’dan ticari FinTech girişimlerine yatırım

Fintech Istanbul

14 Mar 2018 – Yatırım alan FinTech girişimlerinin isimleri şu şekilde sıralanıyor; TradeteqTrade Finance MarketCulum CapitaleFundSME ve Incomlend.

Crowd Fund Insider’ın haberine göre Eylül 2017’de Londra, Singapur ve Hong Kong’daki ofislerini açarak yatırım dünyasına adım atan GTR Ventures, küresel büyüme, ticaret finansmanı endeksleri gibi yeni ürünlerin geliştirilmesi ve dijital ticaret finansmanı için küresel bir pazar oluşturmaya çalışan girişimlere odaklanmak üzere yola çıktı.

GTR yetkilileri yaptıkları ilk açıklamada şu ana dek FinTech girişimlerine gerçekleştirdikleri yatırımların toplam 50 milyon dolar değerinde olduğunu belirttiler.

Yatırım alan girişimlerinden dört tanesinin şu ana dek küresel ticaret araçları sunarak 160 milyon dolar tutarında ticari kredi anlaşması sağlanmasına yardımcı olduğu açıklanan bilgiler arasında yer alıyor. GTR Ventures, önümüzdeki çeyrekte beş yeni anlaşma ve küresel ortaklık ile ek yatırımlar yapmayı ehdefliyor.

GTR Ventures CIO’su Kelvin Tan, “TradeteqTrade Finance MarketCulum CapitaleFundSME ve Incomlend’in arkasındaki kurucular; hizmet verdikleri işletmeler için riskleri azaltmak, kredilendirmeyi daha verimli hale getirmek ve ticaret finansmanı açığını kapatmak için teknoloji ve veri analizi kullanarak bu değişimi yönlendiriyor” açıklamasını yaptı.

Ticaret finansmanı çok büyük bir pazar oluşturuyor. Yaklaşık 16 trilyon dolarlık küresel ticaret hacmine sahip bu pazarda yenilikçi FinTech girişimlerinin pazarın dinamiklerini ciddi ölçüde şekillendirebileceği değerlendiriliyor.

 

This article first appeared on Fintech Istanbul.

Be Beez: GTR Ventures investe in cinque aziende trade-fintech

Be Beez

14 Mar 2018 – GTR Ventures ha annunciato i propri investimenti di debutto in cinque società di trade fintech – Tradeteq, Trade Finance Market, Culum Capital, eFundSME e Incomlend – valutandole collettivamente a circa $ 50 milioni. I dettagli finanziari di ciascun investimento non sono stati resi noti. Assumendo una posizione azionaria nelle cinque società, la società con sede a Londra, Hong Kong e Singapore ha annunciato lunedì che le operazioni sono state le prime in una solida pipeline di transazioni. Il “venture builder” ha inoltre aggiunto che prevede di chiudere altre cinque operazioni e partnership globali nel prossimo trimestre.

Le società recentemente finanziate – quattro istituti di credito commerciali digitali e una piattaforma per gli investitori istituzionali per accedere a strumenti di commercio globale – hanno facilitato oltre 160 milioni di dollari di contratti di prestito commerciale sin dal loro inizio. Tra le società, tre sono con sede a Singapore – eFundSME è un e-marketplace per il trading di fatture. Trade Finance Market (TFM) fornisce soluzioni alternative di finanziamento commerciale per le piccole e medie imprese e Culum Capital offre alle PMI di Singapore accesso al capitale circolante finanziato da investitori accreditati. GTR Ventures ha inoltre investito in Incomlend, che opera a Hong Kong e Singapore, uno scambio di fatture globale in cui le società di diversi paesi possono finanziare i loro crediti all’esportazione vendendoli a investitori privati ​​con uno sconto.

La quinta società a ricevere investimenti è la Tradeteq con sede nel Regno Unito che fornisce la rete collaborativa per investitori e creatori di finanza commerciale, per connettersi, interagire e negoziare. Lanciata a settembre 2017, GTR Ventures investe in società fintech specializzate nel commercio e si concentra su quattro principali aree di investimento: operazioni bancarie (finanza commerciale, tesoreria e cassa), assicurazione commerciale e gestione dei rischi, finanza e filiera delle PMI e commercio fisico.

La finanza commerciale, che sostiene un commercio globale annuale di $ 16 trilioni, è un’area di investimento emergente di nicchia. Tuttavia, circa il 30% del commercio globale, o $ 5 trilioni, è sotto-finanziato. Questo divario finanziario commerciale presenta una crescente opportunità per gli investitori in titoli di debito e di capitale. Mentre i guadagni dal commercio provengono tradizionalmente dai fornitori di capitale di debito, l’emergere di tecnologie commerciali rappresenta una nuova opportunità per il private equity e altri investitori che cercano di diversificare, ha detto una dichiarazione di GTR Ventures.

“Il settore del commercio globale si sta trasformando con la digitalizzazione e l’infrastruttura basata sui dati che collega diversi attori attraverso gli aspetti fisici e finanziari del commercio. I fondatori di Tradeteq, Trade Finance Market, Culum Capital, eFundSME e Incomlend, guidano questo cambiamento utilizzando la tecnologia e l’analisi dei dati per mitigare i rischi, rendere più efficiente il prestito e chiudere il gap finanziario commerciale “, ha dichiarato Kelvin Tan, CIO di GTR Ventures.

 

This article first appeared in Be Beez.

Morning Star: GTR Ventures announces debut investments in five trade FinTechs

LONDON and SINGAPORE, March 12, 2018 — GTR Ventures, the world’s first investment and venture-building platform specialized in trade and supply chain, has announced its debut deals with five trade FinTech companies — Tradeteq, Trade Finance Market, Culum Capital, eFundSME and Incomlend. These deals are the first in a strong pipeline of transactions. GTR Ventures has taken equity positions in the five companies, collectively valuing them at around US$50 million.

Rupert Sayer, CEO, and Kelvin Tan, Chief Investment Officer, from GTR Ventures – boldly reshaping the future of trade, together with the founders of 5 trade fintechs.

The companies — four digital trade lenders and a platform for institutional investors to access global trade instruments — have facilitated over US$160 million of trade loan deals since their inception. Launched in September 2017, GTR Ventures will work with the companies and build their businesses including through global expansion, development of new products such as trade finance indices, and connection to a global marketplace for digital trade finance assets.

“We are excited to partner with GTR Ventures as Tradeteq continues to grow,” said Christoph Gugelmann, CEO of UK-headquartered Tradeteq. “This partnership will help us expand our reach to all players within the trade ecosystem and consolidate our European bases while expanding to markets in Asia, including Singapore, Hong Kong, Shanghai and Tokyo.”

Kelvin Tan, CIO of GTR Ventures said, “The global trade sector is transforming with digitization and data-driven infrastructure connecting diverse players across the physical and financial aspects of trade. The founders behind Tradeteq, Trade Finance Market, Culum Capital, eFundSME and Incomlend, are driving that change by using technology and data analytics to mitigate risks, make lending more efficient and close the trade finance gap. Our vision is to work with these companies and build strategic first-mover stakes in the future of trade.”

Rupert Sayer, CEO of GTR Ventures, said, “The rapidly changing landscape of trade presents exciting opportunities for investors. As our debut deals show, GTR Ventures is uniquely positioned to identify exceptional investments and, through partnerships and alliances, build a global network that will shape the future of both trade and trade finance.”

GTR Ventures is working on a strong pipeline of additional investments and expects to close five more deals and global partnerships in the next quarter.

Trade finance, which supports annual global trade of US$16 trillion, is an emerging niche investment area. However, some 30% of global trade, or US$5 trillion, is under-financed. This trade finance gap presents a growing opportunity for debt and equity investors. While returns from trade have traditionally come from providers of debt capital, the emergence of tradetechs presents a new opportunity for private equity and other investors looking to diversify.

About GTR Ventures (Contact: info@gtrventures.vc, website: www.gtrventures.vc)

Based out of London, Singapore, and Hong Kong, GTR Ventures is the world’s first investment platform dedicated to trade and supply chain. In exclusive partnership with Global Trade Review (GTR), the world’s leader in global trade and trade finance intelligence, publishing, news and events, GTR Ventures mobilizes private capital for trade and trade finance, investing in and supporting the development of trade-focused fintech companies (tradetechs) while working with multiple stakeholders to integrate technology into trade. GTR Ventures focuses on four main investment areas: transaction banking (trade finance, treasury, & cash), trade insurance & risk management, SME finance & supply chain and physical trade.

AboutCulumCapital (contact: enquiry@culumcapital.com, website: www.culumcapital.com)

Culum Capital is a Singapore-headquartered fintech which provides companies with working capital funding using trade finance solutions particularly in receivables purchase and supply chain finance. It is also an investment platform for investors seeking alternative investment opportunities. The company has a proprietary risk assessment and management system to ensure the quality of deals flowing through its platform.

About eFundSME (contact: enquiry@efundsme.com, website: www.efundsme.com)

eFundSME Global Pte Ltd is an e-marketplace for invoice trading, founded, owned and managed by industry veterans from Singapore. Its key management team comprises professionals from the banking industry with aggregate experience exceeding 100 years. The company leverages the power of online technology to transform trade finance for the mutual benefit of SME sellers and investor buyers.

About Incomlend (contact: info@incomlend.com, website: www.incomlend.com)

Operating in Hong Kong and Singapore, Incomlend is a global invoice exchange where companies from different countries can fund their export receivables by selling them to private investors at a discount. The platform trades in multiple currencies (USD, EUR, SGD, and HKD) and offers an integrated digital receivables discounting solution to both suppliers and buyers across its global supply chain, dynamic discounting and factoring products. Investors’ capital is protected against debtors’ credit risk by world leading credit insurers.

About Tradeteq (contact: Nils Behlingnbehling@tradeteq.com, website: www.tradeteq.com)

UK-headquartered Tradeteq provides the collaborative network for trade finance investors and originators, to connect, interact, and transact. Tradeteq delivers AI-powered credit analytics, reporting, investment and operational solutions. Tradeteq transforms trade finance assets into transparent and scalable investments.

About Trade Finance Market (contact: media@tradefinancemarket.com, website: www.tradefinancemarket.com)

Singapore-based Trade Finance Market (TFM) is a fintech leader in providing alternative trade finance solutions for small and medium enterprises. TFM also develops blockchain-based tools to derisk and lower the cost of trade finance transactions — including InvoiceCheck, a tool designed to reduce invoice finance fraud.

This article first appeared on Morning Star.

Yahoo! Finance: News: GTR Ventures announces debut investments in five trade FinTechs

Yahoo! Finance

LONDON and SINGAPORE, March 12, 2018 /PRNewswire/ — GTR Ventures, the world’s first investment and venture-building platform specialized in trade and supply chain, has announced its debut deals with five trade FinTech companies — Tradeteq, Trade Finance Market, Culum Capital, eFundSME and Incomlend. These deals are the first in a strong pipeline of transactions. GTR Ventures has taken equity positions in the five companies, collectively valuing them at around US$50 million.

The companies — four digital trade lenders and a platform for institutional investors to access global trade instruments — have facilitated over US$160 million of trade loan deals since their inception. Launched in September 2017, GTR Ventures will work with the companies and build their businesses including through global expansion, development of new products such as trade finance indices, and connection to a global marketplace for digital trade finance assets.

“We are excited to partner with GTR Ventures as Tradeteq continues to grow,” said Christoph Gugelmann, CEO of UK-headquartered Tradeteq. “This partnership will help us expand our reach to all players within the trade ecosystem and consolidate our European bases while expanding to markets in Asia, including Singapore, Hong Kong, Shanghaiand Tokyo.”

Kelvin Tan, CIO of GTR Ventures said, “The global trade sector is transforming with digitization and data-driven infrastructure connecting diverse players across the physical and financial aspects of trade. The founders behind Tradeteq, Trade Finance Market, Culum Capital, eFundSME and Incomlend, are driving that change by using technology and data analytics to mitigate risks, make lending more efficient and close the trade finance gap. Our vision is to work with these companies and build strategic first-mover stakes in the future of trade.”

Rupert Sayer, CEO of GTR Ventures, said, “The rapidly changing landscape of trade presents exciting opportunities for investors. As our debut deals show, GTR Ventures is uniquely positioned to identify exceptional investments and, through partnerships and alliances, build a global network that will shape the future of both trade and trade finance.”

GTR Ventures is working on a strong pipeline of additional investments and expects to close five more deals and global partnerships in the next quarter.

Trade finance, which supports annual global trade of US$16 trillion, is an emerging niche investment area. However, some 30% of global trade, or US$5 trillion, is under-financed. This trade finance gap presents a growing opportunity for debt and equity investors. While returns from trade have traditionally come from providers of debt capital, the emergence of tradetechs presents a new opportunity for private equity and other investors looking to diversify.

About GTR Ventures (Contact: info@gtrventures.vc, website: www.gtrventures.vc)

Based out of London, Singapore, and Hong Kong, GTR Ventures is the world’s first investment platform dedicated to trade and supply chain. In exclusive partnership with Global Trade Review (GTR), the world’s leader in global trade and trade finance intelligence, publishing, news and events, GTR Ventures mobilizes private capital for trade and trade finance, investing in and supporting the development of trade-focused fintech companies (tradetechs) while working with multiple stakeholders to integrate technology into trade. GTR Ventures focuses on four main investment areas: transaction banking (trade finance, treasury, & cash), trade insurance & risk management, SME finance & supply chain and physical trade.

This article first appeared on Yahoo! Finance.

PE Hub Network: GTR Ventures backs five trade fintech companies

PE Hub Network

By Iris Dorbian

GTR Ventures, an investment and venture-building trade and supply chain-focused platform, has invested in five trade fintech companies: Tradeteq, Trade Finance Market, Culum Capital, eFundSME and Incomlend. The collective value of the transactions is around $50 million.

PRESS RELEASE

LONDON and SINGAPORE, March 12, 2018 /PRNewswire/ — GTR Ventures, the world’s first investment and venture-building platform specialized in trade and supply chain, has announced its debut deals with five trade FinTech companies — Tradeteq, Trade Finance Market, Culum Capital, eFundSME and Incomlend. These deals are the first in a strong pipeline of transactions. GTR Ventures has taken equity positions in the five companies, collectively valuing them at around US$50 million.

Rupert Sayer, CEO, and Kelvin Tan, Chief Investment Officer, from GTR Ventures – boldly reshaping the future of trade, together with the founders of 5 trade fintechs.

The companies — four digital trade lenders and a platform for institutional investors to access global trade instruments — have facilitated over US$160 million of trade loan deals since their inception. Launched in September 2017, GTR Ventures will work with the companies and build their businesses including through global expansion, development of new products such as trade finance indices, and connection to a global marketplace for digital trade finance assets.

“We are excited to partner with GTR Ventures as Tradeteq continues to grow,” said Christoph Gugelmann, CEO of UK-headquartered Tradeteq. “This partnership will help us expand our reach to all players within the trade ecosystem and consolidate our European bases while expanding to markets in Asia, including Singapore, Hong Kong, Shanghai and Tokyo.”

Kelvin Tan, CIO of GTR Ventures said, “The global trade sector is transforming with digitization and data-driven infrastructure connecting diverse players across the physical and financial aspects of trade. The founders behind Tradeteq, Trade Finance Market, Culum Capital, eFundSME and Incomlend, are driving that change by using technology and data analytics to mitigate risks, make lending more efficient and close the trade finance gap. Our vision is to work with these companies and build strategic first-mover stakes in the future of trade.”

Rupert Sayer, CEO of GTR Ventures, said, “The rapidly changing landscape of trade presents exciting opportunities for investors. As our debut deals show, GTR Ventures is uniquely positioned to identify exceptional investments and, through partnerships and alliances, build a global network that will shape the future of both trade and trade finance.”

GTR Ventures is working on a strong pipeline of additional investments and expects to close five more deals and global partnerships in the next quarter.

Trade finance, which supports annual global trade of US$16 trillion, is an emerging niche investment area. However, some 30% of global trade, or US$5 trillion, is under-financed. This trade finance gap presents a growing opportunity for debt and equity investors. While returns from trade have traditionally come from providers of debt capital, the emergence of tradetechs presents a new opportunity for private equity and other investors looking to diversify.

About GTR Ventures (Contact: info@gtrventures.vc, website: www.gtrventures.vc)

Based out of London, Singapore, and Hong Kong, GTR Ventures is the world’s first investment platform dedicated to trade and supply chain. In exclusive partnership with Global Trade Review (GTR), the world’s leader in global trade and trade finance intelligence, publishing, news and events, GTR Ventures mobilizes private capital for trade and trade finance, investing in and supporting the development of trade-focused fintech companies (tradetechs) while working with multiple stakeholders to integrate technology into trade. GTR Ventures focuses on four main investment areas: transaction banking (trade finance, treasury, & cash), trade insurance & risk management, SME finance & supply chain and physical trade.

About Culum Capital (contact: enquiry@culumcapital.com, website: www.culumcapital.com)
Culum Capital is a Singapore-headquartered fintech which provides companies with working capital funding using trade finance solutions particularly in receivables purchase and supply chain finance. It is also an investment platform for investors seeking alternative investment opportunities. The company has a proprietary risk assessment and management system to ensure the quality of deals flowing through its platform.

About eFundSME (contact: enquiry@efundsme.com, website: www.efundsme.com)
eFundSME Global Pte Ltd is an e-marketplace for invoice trading, founded, owned and managed by industry veterans from Singapore. Its key management team comprises professionals from the banking industry with aggregate experience exceeding 100 years. The company leverages the power of online technology to transform trade finance for the mutual benefit of SME sellers and investor buyers.

About Incomlend (contact: info@incomlend.com, website: www.incomlend.com)
Operating in Hong Kong and Singapore, Incomlend is a global invoice exchange where companies from different countries can fund their export receivables by selling them to private investors at a discount. The platform trades in multiple currencies (USD, EUR, SGD, and HKD) and offers an integrated digital receivables discounting solution to both suppliers and buyers across its global supply chain, dynamic discounting and factoring products. Investors’ capital is protected against debtors’ credit risk by world leading credit insurers.

About Tradeteq (contact: Nils Behling – nbehling@tradeteq.com, website: www.tradeteq.com)
UK-headquartered Tradeteq provides the collaborative network for trade finance investors and originators, to connect, interact, and transact. Tradeteq delivers AI-powered credit analytics, reporting, investment and operational solutions. Tradeteq transforms trade finance assets into transparent and scalable investments.
About Trade Finance Market (contact: media@tradefinancemarket.com, website: www.tradefinancemarket.com)
Singapore-based Trade Finance Market (TFM) is a fintech leader in providing alternative trade finance solutions for small and medium enterprises. TFM also develops blockchain-based tools to derisk and lower the cost of trade finance transactions — including InvoiceCheck, a tool designed to reduce invoice finance fraud.

 

This article first appeared on PE Hub Network.

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