GTR Ventures has announced its initial five investments in to FinTech companies.
While the value of the transactions was undisclosed, their combined deal value reached around $50m.
The companies to receive investments include Singapore-based, Incomlend, eFundSME, Culum Capital and Trade Finance Market, and UK-headquartered Tradeteq.
Incomlend is a global invoice exchange that helps suppliers receive capital back quicker, but at a discounted rate. The platform works by a supplier sending goods to a buyer and uploading the invoice to the Incomlend system. A funder then purchases the invoice at a discounted rate, the buyer will then pay the funder the full price of the original invoice.
eFundSME is a fellow invoice e-marketplace, which helps Singapore-based companies to boost cash flow and working capital, while helping investors pick up higher returns. Instead of an investor purchasing the invoice at a discounted rate, they receive an added interest from the buyer.
Culum Capital offers businesses with working capital funding through trade finance solutions in receivables and supply chain finance. Receivable financing works by a company choosing which ones to sell on the Culum Capital platform, and then allowing investors able to pick which ones to invest in. The firm’s supply chain financing service works by a buyer uploading an invoice which can be bought by an investor. The buyer pays back the investor the invoice price and interest rate.
Trade Finance Market uses blockchain technology to lower the risk and costs of trade finance transactions for SMEs. Solutions available include receivables finance, supply chain finance and trading lines. The company uses its InvoiceCheck tool to lower the risk of fraudulent invoices.
Tradeteq offers an online network for finance investors and originators to connect, interact and transact. The company uses AI-powered credit analytics, reporting, investment and operational solutions to aid transparent and scalable investments.
Tradeteq CEO Christoph Gugelmann said, “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.â€
Together, these companies have facilitated more than $160m in trade loans. GTR hopes to support each company with global expansion, new product development, and connection to a global marketplace for digital trade finance assets.
The firm has a strong pipeline of investments and is expecting to close five more transactions in the next quarter.
GTR Ventures CIO Kelvin Tan said, “The global trade sector is transforming with digitization and datadriven 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.â€
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