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Finance platform aims at $2.5trn trade funding hole

Trade is the backbone of the world economy. Yet, trade finance today is underfunded by traditional banks and insurers, creating a "multi-trillion-dollar hole" some call "the trade finance gap".


The need for alternative financing solutions is clear. And at the forefront of this new space is LC Lite, the trade finance fintech recently acquired our very own investee company Incomlend. Leveraging their private blockchain to facilitate transactions, the Incomlend-LC Lite platform provides "access to working capital to SMEs around the world by connecting the participants in our marketplace", according to co-founder Jean-Charles Devin.


Read more here or click on the PDF below.


Article by Matt Smith, Arabian Gulf Business Insight


AGBI - Finance platform aims at $2.5trn trade funding hole
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