The Business Times
business-time-50

GTR Ventures makes debut investments in Singapore trade-linked fintechs

Published Mon, Mar 12, 2018 · 09:50 PM

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.

Trade finance

TRENDING NOW

From shy teenager to outspoken philanthropist, Chloe Tong has come a long way.

Grab CEO’s wife Chloe Tong on life with Anthony Tan and finding her purpose

US Trade Representative Jamieson Greer said he did not want to prejudge the outcome of a pending Section 301 investigation into China’s trade practices.

US trade chief to consider trade deal tariff caps in excess capacity probe

This was the first time that Bee Cheng Hiang, a home-grown traditional food products company known for its bak kwa, used an AI tool for its business operations.

Bee Cheng Hiang customers’ e-mail addresses exposed in Singapore’s first case of AI-related data breach

The Starbucks-licensed business that DFI will take over reported revenue of US$750 million in 2025, with an underlying operating margin of 7%.

DFI Retail to take over Starbucks business in Asia from Maxim’s Caterers

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More