2024-11-18 22:31:40
Author: TradeFlow Capital Management / 2023-07-24 23:34 / Source: TradeFlow Capital Management

Leading Singapore FinTech Trade Innovators Join Forces to Provide Enhanced Digital Trade Solutions to SME Firms

Leading Singapore FinTech Trade Innovators Join Forces to Provide Enhanced Digital Trade Solutions to SME Firms

SINGAPORE,March 11,2021 -- TradeFlow Capital Management (TradeFlow),has entered into a partnership with #dltledgers promising to reduce the liquidity shortage for small and medium enterprises (SMEs) trading bulk commodities around the globe. Estimated by the Asian Development Bank in 2019 to be US$ 1.5 Tn,this trade gap has worsened since the COVID-19 pandemic,and is projected to increase to US$3.4 Tn. International Labour Organisationstudies indicate SMEs provide more than two-thirds of all jobs worldwide and account for the majority of new job creation; Enabling trade for SMEs may help alleviate the hardships caused by the pandemic.

This partnership leverages on the strengths of both companies to enable trade that traditionaltrade finance lending cannot effectively support. TradeFlow will look to leverage the distributed ledger technology of #dltledgers.This enables firms to capture,authenticate,and sharedata and documents linked to physical commodity cargoes,and supports the speedy and accurate validation,reconciliation and matching of the information exchanged between trading parties.

TradeFlow,which has been employing digitisation approaches in its business for scalability since 2018,utilises its proprietary Digital Transaction and Risk Transformation Engine (DTRTE) to enable global physical commodity trade for SMEs,leveraging on its innovative non-credit,non-lending investment model. TradeFlow's DTRTE architecture provides the added advantage of superior risk-adjusted returns and capital preservation for investors and is highly complementary to traditional trade finance lending institutions like banks.

Through this partnership oftwo leading industry innovators,TradeFlow and #dltledgers will enhance proven capabilities to support SME trade at scale.#dltledgers will expand its reach among SMEs,and bring existing subscribers anon-credittrade enabling solution,which is an alternativeto trade credit or financing. As a result of the collaboration,SMEs can expect to benefit from shorter turnaround times,less effort spent on repetitive and manual processes,and fewer rejected trade finance applications.

Farooq Siddiqi,CEO of #dltledgers said,"At a time when many trade finance providers are retreating,we are delighted to advance through this partnership with TradeFlow to help create more optionality for traders globally. This is good news for the 400+ SMEs on our platform. We're excited to align ourselves with industry-leading firms like TradeFlow for urgently needed,innovative approaches to enabling trade among SMEs."

Tom James,CEO of TradeFlow said,"TradeFlow and #dltledgers are aligned in that both our firms strive to innovate and bring digitised solutions to the international trading community that add value in operational and capital efficiency." John Collis,CRO of TradeFlow commented,"Cooperating with #dltledgers and enteringinto thispartnership will furtherTradeFlow's mission in enabling SME trade worldwide."

Oswald Kuyler,Managing Director of the ICC's Digital Standards Initiative,said: "As countries around the world grapple with vaccines and ongoingfallout from the crisis,a dependable supply chain is more critical than ever. We're delighted to see companies like TradeFlow and #dltledgersworking together to create better trade and more functional supply chains,especially among SMEs,which in many cases have been the worstaffected. This unique partnership will enable SMEs both to move beyond paper and to complete trades that may otherwise have been starved of capital. It's great to see businesseschipping away at the trade finance gap,and another example of innovation in Singapore."

About TradeFlow

TradeFlow Capital Management (TradeFlow) is the world's first FinTech-powered commodities trade enabler focused on SMEs. TradeFlow consists of a diverse team of experts with the focused mission of addressing the increasing trade finance gap faced by global SMEs operating as producers/traders/end-users in the bulk commodity trading space. By performing an enabling role in international trade and globalization,TradeFlow creates growth opportunities for businesses and economies. To date,TradeFlow has successfully invested in more than US$500mn of physical commodity trade through 700+ transactions across 15+ countries and 25+ commodity types,with more than 800 SME counterpart entities KYC reviewed.

The TradeFlow Funds*,advised by TradeFlow,were conceived in 2016 and launched in 2018.

Headquartered in the Asian financial hub Singapore,TradeFlow is a FinTech Certified Company (SFA),a Corporate Member of the Singapore FinTech Association (SFA),and a Member of the Alternative Investment Management Association (AIMA).

*No.1 SME-focused trade finance fund in annual net returns to investors in 2020,as reported by Preqin AlternativeInvestment Database records

www.tradeflow.capital

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About #dltledgers

#dltledgers is the leading,independent blockchain platform for trade and supply chaindigitisation,headquartered in Singapore. The platformhelps companies to digitise their commercial documents,contracts,and bank interactions,enabling them to automate multi-party transactions,streamline processes,and reduce cost.The net result is faster,more cost-effective trade execution,more robust,auditable collaboration between enterprises,and often improved capacity to obtain financing. Network participants include buyers,sellers,trading companies,banks and alternative lenders,as well as carriers,logistics partners,insurers,ports,and a variety of certifying bodies and government agencies. The #dltledgers blockchain platform is a pioneer in enterprise blockchain. It was the first platform of its kind globally to go into full production,and it has processed several billion dollars-worth of live transactions.

www.dlt.sg

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