GTR Ventures Invests in Five Trade Fintechs: Tradeteq, eFundSME, Culum Capital, IncomLend & Trade Finance Market
Summary
GTR Ventures, an investment and venture platform that is specializing in the global trade and supply chain financing sector, has announced investments in five Fintechs based in the UK and Asia: Tradeteq, Trade Finance Market, Culum Capital, eFundSME and Incomlend. Launched in September 2017 with offices in London, Singapore and Hong Kong, GTR Ventures will work with their portfolio companies and build their businesses via global expansion, development of new products such as trade finance indices, and connections to a global marketplace for digital trade finance assets. These deals are indicative of a “strong pipeline of transactions” as GTR expects to back additional Fintechs in the trade financing industry. The opportunity for forward thinking platforms to disrupt the US$ 16 trillion global trade business is huge. “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.” emergence of “Tradetechs” presents a new opportunity for private equity and other investors looking to diversify.
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