GTR Ventures makes debut investments in Singapore trade-linked fintechs

Singapore

GTR Ventures, the world's first investment platform targeted at trade-related fintechs, has closed its first five investments, including in several Singapore fintechs that are taking aim at the US$5 trillion trade-finance gap globally.

It did not disclose the full valuation of each fintech, but the equity positions in the five companies collectively value them at around US$50 million, GTR Ventures said in a media release on Monday.