FinovateAsia 2017 / Velotrade

Presenter Profile:

How they describe themselves: Financing is a major pain point for corporates: traditional models of trade financing are constrained and do not address the need for more inclusive and straightforward funding.

At the same time, investors are seeking uncorrelated assets with attractive risk-return profiles.

Velotrade uses technology to empower investors and corporates: our online marketplace matches corporates looking to get financing by selling their trade receivables to investors looking to gain exposure to this new asset class.

How they describe their product/innovation: Technology allows us to streamline the procedures and offer a scalable solution to a very real funding problem.

Sellers and investors are KYC’d and on-boarded through an efficient and seamless digital platform.

The creation of the auction to sell receivables is a process that takes just a few minutes and a few clicks. Our e-verification tool allows for a swift and effective mechanism to prove the existence of the receivable and therefore reduce disputes. Receivables can also be offered with an insurance protection and fractioned so to minimize default risk. The platform provides all the necessary information for the investor to make an informed decision.

All operations can be reproduced on a mobile device.

Product distribution strategy: Direct to Business (B2B), through financial institutions


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