Miami-based trade finance platform Marco has raised $12 million in a Series A round. The funding will help support the company’s mission of helping small and medium-sized entrepreneur (SME) exporters in Latin America, according to a Tuesday (March 19) news release. “Through my own journey as an SME...
Proponents of blockchain’s underlying technical capabilities are determined to shake off its cryptocurrency-centric associations. In large part by finding historical opportunity areas within the traditional financial sector that digital assets were originally designed to replace. After all, the technology’s innovative capability for storing and moving...
FinTech platform Xalts has acquired Contour Network from a consortium of global banks. The move is aimed at accelerating digitization in trade and supply chain finance, combining Xalts’ expertise in digital finance applications with Contour’s established network connecting global banks to businesses, Xalts said in...
Web3 advisor, venture builder and investor Coinsilium Group teamed up with global trade exchange platform LC Lite. The partnership will see Coinsilium providing strategic advisory services for LC Lite’s upcoming token launch, Proactive Investors reported Tuesday (Feb. 20). LC Lite, which was acquired this month...
August 01, 2023
To eliminate paper checks and manual payment processes, you need to look for them first. But once you see them, you’ll find them everywhere. That’s why observers believe the B2B and trade finance sectors are especially ripe for digitization, because they are collectively knee deep (and sinking) within the confines of the paper check and […]
January 27, 2023
Small businesses have traditionally struggled to access the same trade finance as their larger peers. In an interview with PYMNTS, Sandra Nolasco, CEO at Madrid-based trade finance platform Twinco Capital,...
January 12, 2023
Digital technologies are driving innovation in trade finance, enabling faster decision-making and more streamlined processes. In the past, trade finance was bogged down by lengthy risk assessment and underwriting processes,...
October 27, 2022
Trade finance’s digital transformation has exploded through the past few years, and it will accelerate in the years ahead. “Treasury is the next frontier in digital payments,” Alan Koenigsberg, senior...
March 19, 2024
Miami-based trade finance platform Marco has raised $12 million in a Series A round. The funding will help support the company’s mission of helping small and medium-sized entrepreneur (SME) exporters in Latin America, according to a Tuesday (March 19) news release. “Through my own journey as an SME exporter, I’ve experienced the struggle of securing essential financing for […]
February 23, 2024
FinTech platform Xalts has acquired Contour Network from a consortium of global banks. The move is aimed at accelerating digitization in trade and supply chain finance, combining Xalts’ expertise in...
February 23, 2024
Web3 advisor, venture builder and investor Coinsilium Group teamed up with global trade exchange platform LC Lite. The partnership will see Coinsilium providing strategic advisory services for LC Lite’s upcoming...
February 12, 2024
Financial software firm Finastra has teamed with consultancy Tesselate to make trade finance digitalization easier. The Tegula Trade Finance as a Service offering, powered by Finastra Trade Innovation and digital banking platform Corporate Channels, lets banks...
