Velotrade selected by MUFG Bank as partner for enhancement of digital trade services - Seite 2

Velotrade's account receivables financing platform commenced operations in 2017 handling cross-border financing deals in Hong Kong, Mainland China, Singapore, Taiwan, Malaysia, Thailand and Vietnam with a wide cross section of industry sectors. With its own technology built in house and the added assurance of SFC approval, the company has since been able to target increasingly large scale local and international transactions. This targeted approach to business expansion with a premium clientele has helped to establish Velotrade as a leading market player.

"Recognition by a major global bank like MUFG marks an important step for Velotrade in growing our share in the financial services market place and validating our business methodology based on in-house technology development and SFC licence," said Vittorio De Angelis, Executive Chairman of Velotrade.

About Velotrade

Customisable Platform for Financial Institutions

The Velotrade trade finance platform has been developed in-house by the company's team of technology specialists and can be customised to meet the needs of financial institutions in order to streamline their trade finance transaction processes.

Headquartered in Hong Kong and regulated by the Securities and Futures Commission (SFC), Velotrade offers the support and confidence required to help traditional banks to compete with a rising tide of virtual bank and next-generation fintech companies in the increasingly competitive financial services marketplace.

Trade financing platform

Velotrade is an Internet-based platform for businesses of all sizes to finance their cash flow needs using their unpaid invoices. Recognising that unpaid invoices represent a financial asset, businesses can use Velotrade to access funds by securing advance payment from participating investors on their outstanding invoices. Companies apply for inclusion on the Velotrade platform and upon approval may upload invoices for investors to finance on a per-invoice basis. 

Using the latest-available technologies to conduct comprehensive credit analysis and incorporating modern compliance procedures, Velotrade's platform is an efficient and rapid means for companies to obtain financing to meet their cash flow imbalances.

Backed by a Type 1 SFC licence, Velotrade provides leading financial institutions with access to new investment opportunities in the developing alternative asset class of Account Receivables Financing.

For more information please visit: https://www.velotrade.com/