U.S.-based GlobalTrade Corporation (GTC) announced it has been acquired by Swiss-headquartered Komgo. Terms of the deal, which sets the stage for a merger of two of the biggest names in trade finance software, were not disclosed. The two companies provide trade finance digitization solutions to...
Banco Latinoamericano de Comercio Exterior (Bladex) announced on Thursday (Nov. 10) that it is joining Swiss FinTech Komgo’s trade finance platform. Bladex said in a press release that it is the first Latin American bank to join the Komgo platform, which enables companies to send...
Trade finance blockchain company Komgo has closed a funding round with $29 million, a press release said on Tuesday (June 1). The round featured both new and existing investors. SMBC was one of the new investors bought in. There was also an unnamed global financial...
Trade finance software company komgo has acquired the Trade Finance Exchange Console (TRAFEC), according to a press release. TRAFEC was developed by the Swiss association STSA, in league with a number of prominent trade finance banks. It’s been live since 2011, and had almost “100...
January 12, 2023
Digital technologies are driving innovation in trade finance, enabling faster decision-making and more streamlined processes. In the past, trade finance was bogged down by lengthy risk assessment and underwriting processes, and accessing credit could take days or weeks, especially if it was a business’s first time doing so. But as the digital toolkit deployed by […]
December 01, 2022
U.S.-based GlobalTrade Corporation (GTC) announced it has been acquired by Swiss-headquartered Komgo. Terms of the deal, which sets the stage for a merger of two of the biggest names in trade finance software, were not disclosed. The two companies provide trade finance digitization solutions to over 120 multinational clients, helping them connect to sources of […]
September 26, 2019
Automaker Daimler has completed its first transaction on the blockchain-based Marco Polo network. The firm used the network to process the data required to exchange payments with engineering firm and...
