Singapore – Incomlend, a global multi-currency invoice exchange platform connecting businesses and private funders, has been VC backed by Singapore-based GTR Ventures. GTR has taken an equity position in the platform and will work with Incomlend to secure its rapid business expansion and development worldwide.
Launched in 2017, GTR Ventures is the world’s first platform to pioneer investments in fintech companies dedicated to trade and supply chain finance. GTR Ventures is an investment arm of Global Trade Review (GTR), the world’s leader in global trade and trade finance intelligence, news and events.
“The strategic partnership between the two companies is an exceptional opportunity for Incomlend to benefit from the global network coverage and expertise of GTR Ventures and its team. The deal will allow us to accelerate our expansion to new markets as well as contribute to better efficiency of global trade finance in alliance with GTRV and its partner digital platforms.” – commented Dimitri Kouchnirenko, co-founder and Director of Incomlend.