KUALA LUMPUR, Malaysia, July 13 (Bernama-PRNewswire) —Velotrade, a Hong Kong-headquartered growing leader in trade finance, has secured funding and partnership with Vynn Capital, a Southeast Asia-focused venture capital firm with notable investments such as Carsome from Malaysia and Travelio from Indonesia. Velotrade operates a digital platform that matches corporates in need of working capital with institutional investors willing to advance funds. With the new financing and partnership with Vynn Capital, Velotrade plans to scale its technological infrastructure and expand into new geographies in Southeast Asia.
Velotrade, launched in 2017, has since granted short-term financing of outstanding invoices to thousands of corporates, including Fortune 500 companies and SMEs – demonstrating the urgent need for supplier financing. Furthermore, driven by the objective to provide long-term sustainable results, the company follows prudent risk management and complies with additional risk management rules as the only trade finance platform licensed by the Securities and Futures Commission of Hong Kong, which positions Velotrade as a trusted source of new asset class of trade receivable for institutional investors. With the growing ecosystem of clients, Velotrade is continuously adding products to its offering and is very active in e-commerce financing, purchase order financing, export loans, etc.