Source: GTR Ventures
GTR Ventures, the world's first investment and venture-building platform specialized in trade and supply chain, has announced 3 new deals with Lucidity, iLoan, and RMTech.
Sopnendu Mohanty, Chief Fintech Officer of the Monetary Authority of Singapore (MAS), said, "Asia is going through a phenomenal digital transformation, on the back of innovation led by fintech entrepreneurs, financial institutions, and the rise of digital trade and e-commerce platforms. I welcome GTR Ventures' recent investee companies to our ecosystem, and look forward to greater financial inclusion for SMEs in this region."
These 3 investments, representing GTRV's expanded pivot towards markets in China and South Asia, were announced on the first day of the Singapore Fintech Festival, the world's largest fintech gathering.
Kelvin Tan, CIO of GTR Ventures said, "These latest additions to our investment portfolio correspond with our vision to create a compelling network effect of digital fintech solutions in the world of trade and supply chain, that can comprehensively cater to banks, non-banks, and SMEs. Be it geographical reach, loan products, operational efficiency, settlements, or asset distribution, we are on track to tackling different parts of the transactional value chain, with a view to deepening financial inclusion for exporters and SMEs globally."