13 Mar 2018 – 投资平台GTR Ventures以5000万美元（6573万新元）投资五家贸易领域的金融科技公司，其中四家来自新加坡。 这五家公司中，四家是数码贸易借贷公司，另一家是让机构投资者获得全球贸易工具的平台。 这五家公司成立以来，已促成了超过1亿6000万美元的贸易贷款交易。 首席投资官陈循奕：利用数据分析降低风险 GTR Ventures首席投资官陈循奕说，全球贸易领域正在转型，数码化和数据驱动的基础设施连接了贸易实物和融资方面的各种参与者。 他指出，这五家公司利用技术和数据分析来降低风险，让借贷更为高效，弥合贸易融资中的缺口。 总部位于新加坡的Culum Capital利用贸易融资解决方案，尤其是应收账款购买和供应链融资方面的投资机会，为企业提供营运周转资金。 由本地业内人士创立的eFundSME、以及在香港和本地拥有业务的Incomlend是发票交易电子市场平台。 Trade Finance Market总部位于新加坡，为中小企业提供贸易融资解决方案，也开发基于区块链的工具，帮助降低贸易融资交易的风险和成本。 去年9月成立的GTR Ventures预计将在下个季度达成另外五项投资交易和全球合作。 This article first appeared on Lian He Zhao Bao (联合早报).
Two former investment bankers have launched Tradeteq, a cloud-based platform that matches trade finance originators with institutional investors. The platform […]
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Our press release is available in multiple languages (pdf): Mandarin | Japanese | French | English London/Singapore Mar 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. […]
Our debut deals will be announced at 4 PM GMT +8 on the 12th of March 2018. Watch this space!
Evergreen Line has partnered with Bolero International to offer paperless bill of lading and dispatch documentation via its ShipmentLink portal. […]
The post Evergreen goes paperless as first shipping line to adopt Bolero’s e-bill of lading appeared first on Global Trade Review (GTR).
Pacific International Lines (PIL), PSA International and IBM Singapore have successfully tested a blockchain platform on a supply chain network […]
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HSBC is on the verge of doing live trade finance blockchain transactions with clients, with the bank set to announce […]
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The group behind the Marco Polo blockchain trade finance project – R3, TradeIX and a number of international banks – […]
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Ten international law firms have joined a new initiative by R3 to develop advice on the legal aspects of blockchain technology. The […]
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The long-anticipated trade war between the US and China looks to be underway, with the Trump administration readying global tariffs on […]
The post Could fintech be caught in crosshairs of US-China trade war? appeared first on Global Trade Review (GTR).
An increase in the accumulation of large datasets on agribusiness in Africa is proving crucial to the financing of a […]
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Two former senior bankers have launched a new blockchain-powered auction platform for the distribution of trade finance assets, the first […]
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Traydstream, a UK-headquartered fintech company whose platform digitalises and automates trade finance, has hired Jayan Menon as its new country […]
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Could technologies such as blockchain and AI bring greater diversity to the trade finance industry? The technologies that are changing […]
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At GTR‘s China Trade and Commodity Finance conference in Shanghai, experts discussed the Global Trade Connectivity Network (GTCN), a Hong […]
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Singapore bank OCBC is trialling the use of deep learning satellite technology in a bid to reduce risks in the […]
The post Exclusive: OCBC to use deep learning satellite technology in oil financing appeared first on Global Trade Review (GTR).
US blockchain company Skuchain has partnered with Japanese tech giant NTT Data to build a blockchain platform for supply chain […]
The post Skuchain uses blockchain and IoT for new supply chain platform appeared first on Global Trade Review (GTR).
Businesses across the UK can look forward to better access to financing and other financial offerings now that the country’s […]
The post Open banking: Banks will face “head-to-head competition” from alternative lenders appeared first on Global Trade Review (GTR).
A joint venture between Maersk and IBM is to release a blockchain-powered digital platform for use by the entire global […]
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Alisa DiCaprio left her job as a senior economist at a development bank to join the frontline of blockchain technology […]
The post “How we do trade finance today is not how we’ll do it in five years” appeared first on Global Trade Review (GTR).
As 2017 draws to a close, there are signs that we are moving beyond the proof of concept era for […]
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2017 was the year IBM made serious foray into the trade finance space, bringing blockchain technology and cognitive computing to […]
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Three international banks, three large corporates and four fintech startups have today announced a pioneering project that will explore how […]
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The Bank of Tokyo-Mitsubishi UFJ (BTMU) and NTT Data Corporation have launched a blockchain proof of concept (PoC) aimed at […]
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Tungsten Network, a global electronic invoicing firm, has joined forces with BNP Paribas to offer receivables purchase and supply chain […]
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Culum Capital, a Singapore-based lender, has launched its online lending marketplace, where institutional investors can bid to fund supply chain […]
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The we.trade blockchain consortium has added another founding partner, extending its geographical coverage into the Nordics market. Nordea joins Santander, […]
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By Jacqueline Woo 29 November 2017 – French container shipping giant CMA CGM continues to put down roots in Singapore, where it is establishing a hub for its digital activity in Asia. A recent step has been to name a new chief digital officer for Asia based here. The role involves seeking opportunities in relation […]
Ovamba, a fintech firm that uses blockchain and other new technologies to connect investors with African SMEs, has facilitated a […]
The post Fintech firm Ovamba moves into African commodities exports appeared first on Global Trade Review (GTR).
By Andrea Soh 21 Nov 2017 – TRAFIGURA, one of the largest independent oil traders in the world, has launched bonds for a structured financing programme backed by a portfolio of commodities – the first of its kind in the commodity financing landscape. Some US$470 million in notes, offered by a special purpose vehicle incorporated […]
Two successful blockchain pilots have been completed in Australia’s grain industry, which show that the technology can eliminate counterparty risk […]
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By Jamie Lee First published in The Business Times 13 Nov 2017 – FINTECH investors are beginning to find pockets of opportunity in this market, as startups mature to find niches even in this burgeoning space. Among the fresh fintech funds that have come into this space is GTR Ventures (GTRV), the venture capital arm […]
One of the world’s largest business networks has teamed up with a fintech startup to develop a blockchain-powered marketplace for […]
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A cross-border blockchain solution for trade finance between Hong Kong and Singapore is to go live in early-2019, according to […]
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Every year, GTR gathers some of the most influential names in Asian trade finance to discuss the challenges the market […]
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By Nguyen Thi Bich Ngoc 3 Nov 2017 – AddVentures, the corporate venture arm of Thailand’s Siam Cement Group (SCG), has led a Series A investment into logistics startup GIZTIX. GIZTIX is backed by 500 TukTuks and KK Fund who invested in the startup’s funding round last year. The series A round saw participation from other VC […]
The news that Hong Kong and Singapore are to collaborate on a blockchain-based solution for trade finance has received a […]
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By Steven Beck, Head of Trade Finance 20 October 2017 – I was wrong to think that financial technology (fintech) would automatically reduce financing gaps. Blockchain, as well as other applications for fintech, has the potential to solve lots of problems. But we’re not there, yet. Despite the billions of dollars invested, all the proof […]
Founding member banks of the Digital Trade Chain (DTC) consortium, now re-branded as we.trade, are taking the final steps to […]
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South Africa’s Standard Bank has become the first African bank to join CCRManager’s digital trade finance platform, a global project […]
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By Lara Edwards August 15, 2017 – An invoice lands on your desk. Let’s say it’s for some printer cartridges. It’s a bit strange because it isn’t from the local printer company you usually work with, but you don’t really give it a thought. Perhaps the cartridges needed to be sourced elsewhere for some reason […]
16 Oct 2017 – Digitization in the freight transport industry is inevitable, and investment in technology savvy startups is a gateway for formerly traditional transporters. The world’s third-largest shipping line has recently shown it is willing to partner with digital natives offering innovative solutions. The company was one of the four major shipping lines to […]
After months of testing, Swift has published its first conclusions on its blockchain proof of concept (PoC), and presented a […]
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CGI has together with Bank of Montreal, Royal Bank of Canada and MUFG completed what they claim is a “first-ever” […]
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Trade finance digitisation solutions provider Bolero has partnered with fintech consortium R3 to redesign its electronic bill of lading (eBL) […]
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Global insurer AIG and fintech firm TradeIX are building a blockchain-powered platform for invoice finance. Having completed their first pilot […]
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Seven banks, including BNP Paribas, HSBC, ING, BNY Mellon and State Street, have joined forces with R3 and Finastra to […]
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Blockchain Pioneers in Trade Finance Launch Token Pre-Sale to Open Global Trade for Small Enterprises
ModulTrade, one of the first blockchain projects in the trade finance sector, comes to market with a new digital trade concept, to allow small businesses from around the world to trade efficiently, securely, and with ease. A smart-contract based eco-system, ModulTrade will provide micro, small and medium enterprises (MSME’s) a comprehensive range of services, minimise […]
Commerzbank, Bank of Montreal, Erste Group and CaixaBank have joined an initiative by UBS and IBM to build a new […]
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Two companies in Hong Kong are to launch a blockchain-based solution for trade finance lending over the coming weeks. Novamundo, […]
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R3 has partnered with fintech firm TradeIX and 12 international banks to develop an open account trade finance application powered […]
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The Dutch development bank FMO has come together with fintech firm Above & Beyond to launch an innovation programme that […]
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Click here to read the Alternative Finance Report by Trade Financing Matters.
An increasing number of non-bank lenders are looking to initial coin offerings (ICOs) as a source of funds for trade […]
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Business finance company MarketInvoice has signed an agreement with Varengold Bank AG to provide £45m funding annually on its invoice finance platform. This will fund working capital solutions for businesses across the UK. 20 September – Overall, sums advanced to UK businesses from institutional investors via MarketInvoice have increased more than 4-fold since 2014 from […]
19 September – Noted bank robber Willie Sutton explained why he robbed banks. Willie replied, “I rob banks because that’s where the money is.” Once true for supply chain finance as well, as a credit class, that clean, simple view is going through changes. Orbian’s Non bank sources of capital double in size form 2010 to 2017 New […]
The Hague, 18 September 2017 – FMO, the Dutch Development Bank, together with Miami based Fintech and digital transformation strategists above & beyond (a&b), today launch “ FinForward”, a marketplace where Fintech companies, Financial Institutions (FIs) and Mobile Money Providers (MMPs) in Africa are matched. After matching, they enter a testing environment where the banks […]
The International Chamber of Commerce (ICC) Banking Commission’s new head of policy, Olivier Paul, discusses how the Banking Commission’s role […]
The post A view from the ICC: Changing times call for a collaborative approach appeared first on Global Trade Review (GTR).
5 Sept – International Finance Corporation (IFC), a member of the World Bank Group on Tuesday has invested USD 10 million as equity in Power2SME, an e-commerce platform that helps small and medium companies to buy raw materials at bulk prices and get working capital without collateral. In addition to the investment, IFC will also […]
SINGAPORE (5 September 2017) — Businesses of all sizes continue to struggle to access sufficient credit, resulting in a global trade finance gap of $1.5 trillion in 2016, according to an Asian Development Bank (ADB) Brief released today. Developing Asia’s share of the trade finance gap was 40% of the global total. In its fifth […]
IE Singapore’s Industry Transformation Map for Wholesale Trade focuses on digital platforms and skill development
The Wholesale Trade Industry Transformation Map (ITM) was unveiled today by Mr. S. Iswaran, Minister for Trade and Industry (Industry) at International Enterprise (IE) Singapore’s event, “Digitalisation of Trade – New Mindsets, New Skillsets”. The ITM will help companies digitalise to enhance global growth and productivity, and targets to create 10,000 new jobs by 2020. Comprising […]
Press Release: Trade just got smarter – GTR investment platform is world’s first dedicated to fintechs for trade (#tradetechs)
Singapore, September 5th, 2017 – The world’s leading trade finance-focused media and events firm Global Trade Review (GTR) has launched its investment arm, GTR Ventures (GTRV), during its annual GTR Asia Trade & Treasury Week in Singapore ─ the world’s largest gathering of global trade finance decision makers. GTR Ventures is the world’s first investment […]
SINGAPORE — The Supply Chain and Logistics Innovation Playground, a start-up incubator for logistics solutions, was launched yesterday by Dr Koh Poh Koon, Senior Minister of State (Ministry of Trade and Industry and Ministry of National Development). The incubator at Supply Chain City is already home to 27 partners specialising in supply chain and logistics […]
A new blockchain-based solution has been launched with the aim of stopping the double financing of invoices. The tool allows […]
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27 June 2017 – The Monetary Authority of Singapore (MAS) announced today that it will streamline the regulatory requirements for banks seeking to conduct or invest in permissible non-financial businesses. In a speech at the 44th Annual Dinner of The Association of Banks in Singapore, Mr Heng Swee Keat, Minister for Finance, said that these will […]
Euler Hermes, the world’s leading trade credit insurer, today announced an innovative partnership with fintech credit risk analysis company, CRiskCo. With a focus on revolutionizing factoring, trade and supply chain finance, CRiskCo uses state-of-the art artificial intelligence (AI) credit analysis and fraud detection processes. Christophe Spoerry, Euler Hermes Digital Agency (EHDA) co-founder, said, ” EHDA […]
IBM and a group of leading food companies are taking a major step towards making food supply chains more transparent […]
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FOUR partnerships were launched at the Singapore Regional Business Forum on Tuesday to give the Belt and Road Initiative (BRI) a boost. The Singapore Business Federation (SBF) and Chinese Enterprises Association (CEA) inked a memorandum of understanding (MOU) to roll out an online and offline platform for regional businesses to connect and work on BRI […]
Gurucargo, an online logistics company based in Uruguay, will launch in the US next month, with the aim of cutting […]
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New fintech startup Populous is introducing smart contracts, blockchain technology and digital tokens to the invoice financing space. Having raised […]
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Traydstream, a trade finance fintech firm, has entered into two partnerships to expand its newly-launched trade digitalisation and compliance screening […]
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The trade industry’s newest fintech company, TradeIX, has developed the first trade finance-specific open-source blockchain platform. The platform, called TIX, is described by TradeIX CEO Robert Barnes (former founder and CEO of PrimeRevenue) as “infrastructure to connect different players in the trade ecosystem”. TIX is targeted at large corporates, banks, alternative financiers, business-to-business networks and […]
Payments provider WorldFirst has launched World Account, a platform allowing small businesses and online sellers to open local bank accounts around the world and make international payments. Presented as an alternative to UK banks’ international business banking services, the platform will be available in the UK and Europe on limited release in Q3 2017, online […]
Blockchain technology has moved one step closer to production phase in trade finance, with the launch of Hyperledger Fabric 1.0. Fabric 1.0 is Hyperledger’s first production-ready blockchain platform, and can be used by banks to bring the pilots and proof of concepts they’ve been trailing for months, to the operational stage. While other platforms, such […]
Bitcoin continues to be the subject of much debate and controversy, but for many African companies the choice is simple. For them, the cryptocurrency is not at all related to anonymous black market business – it’s about enabling them to flourish. Sanne Wass speaks with Elizabeth Rossiello of BitPesa to find out more. “It’s like […]
Trade credit insurer Atradius has rolled out its new global credit management portal, giving businesses “an advanced way to complete credit insurance transactions”. Under the name Atradius Atrium, the portal enables its customers to constantly monitor and smoothly interact with their buyers and with the insurer. They will have instant access to information about buyers’ […]
UniCredit has started testing with EBA Clearing’s pan-European, real-time payment platform RT1. Customers in Italy and Germany will be the first to use the new payment method, due to be available from November. Around 39 financial institutions are working on the development of the new infrastructure, which will provide a real-time payment processing platform, 24 […]
African Capital Investments (ACI) and the African-focused asset manager Barak Fund Management have entered into a strategic partnership to expand their financing offerings for African SMEs. ACI is a boutique merchant bank that helps raise equity capital for African companies, with offices in London, Dubai and Cape Town. Since being founded in 2013 it has […]
Banks around the world are expecting a sharp decline in the usage of traditional trade finance instruments over the coming year. The annual Rethinking Trade Finance report from the International Chamber of Commerce (ICC)’s Banking Commission references “the long-anticipated disappearance of the documentary letter of credit” and reports that 80% of those surveyed expect little or no […]
Seven European banks have come together to develop a shared platform that aims to make domestic and cross-border commerce easier for European SME businesses through the use of distributed ledger technology (DLT). Deutsche Bank, HSBC, KBC, Natixis, Rabobank, Société Générale and UniCredit signed a memorandum of understanding (MoU) to collaborate on the development and commercialisation […]