Global FinTech venture, 129Knots, has officially entered the market with a robust $10m funding, spearheaded by Sing Fuels.
With a formidable $500m deal pipeline in place, 129Knots is poised to disrupt traditional asset management through its innovative real-world asset origination to distribution (OTD) technology.
The firm’s cutting-edge OTD technology is designed to transform deep-tier industries by implementing scalable liquidity solutions secured by chain technologies. This advancement is expected to elevate supply chains, transforming them into high-value, investment-grade assets.
Central to its operation is 129Knots’ proprietary data-driven credit engine, Tribal Knots, which harnesses advanced machine learning to amalgamate both structured and unstructured data from global networks. This integration enables real-time insights into buyer behavior, transaction patterns, and industry benchmarks, thereby enhancing decision-making processes.
The financial infusion from Sing Fuels, coupled with strategic support from the Singapore Economic Development Board (EDB) through its Corporate Venture Launchpad programme, McKinsey & Company, Enterprise Singapore, and IBM Consulting, is set to catalyze 129Knots’ global expansion. This collaboration aims to bridge the staggering $2.5 trillion gap between trade finance demands and approvals, marking 129Knots’ initial market entry strategy.
Looking ahead, 129Knots plans to offer a spectrum of next-gen OTD solutions including trade credit, asset tokenization, programmable money, and blockchain-powered transactions. These offerings are designed to redefine asset management within the marine energy transition sector initially, with ambitions to penetrate other high-growth industries. The overarching goal is to enhance transparency and risk management in real-world asset trading.
Founder & Group CEO, Vikash Dhanuka, emphasized the transformative potential of their platform: “The homogeneous approach of balance-sheet led lending is obsolete. At 129Knots, we redefine the game with a tailored integration of OTD technology, business risk management, and finance.”
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