On any given day around the world there are around $43 trillion of accounts receivable or accounts payable on the books of businesses, of which, banks only finance around $3 trillion of the total (Kemper, 2016). On a more granular level, there is a gap in global trade finance of around $1.6 trillion, most arising from Asian companies (Asian Development Bank, 2016). The International Chamber of Commerce refers to trade financing as the ‘oil’ in the engine of international commerce and highlights the unmet demand for such financing (International Chamber of Commerce, 2017).
This gap is a result of a misalignment in terms of the demand for trade related credit and the liquidity of funds provided. It is disproportionately available to multinationals and large corporates – the top end of the market – and consistently absent in the SME segment (International Chamber of Commerce, 2017). Simply said, SMEs are faced with little choice but to accept their large customer’s payment terms, no matter how onerous they may be.
Financial Technology (FinTech) companies have come up with solutions to this gap in global trade finance. However, in the absence of new instruments and marketplaces that connect and bring together different trade actors, new ventures have been unable to make a major difference, yet.
V1 (alpha) & V1 (beta)
V2
V3
Verified 0%
Attention. There is a risk that unverified members are not actually members of the team
Verified 0%
Attention. There is a risk that unverified members are not actually members of the team
This offer is based on information provided solely by the offeror and other publicly available information. The token sale or exchange event is entirely unrelated to ICOholder and ICOholder has no involvement in it (including any technical support or promotion). Token sales listed from persons that ICOholder has no relationship with are shown only to help customers keep track of the activity taking place within the overall token sector. This information is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice or carry out your own due diligence before taking, or refraining from, any action on the basis of the content on our site. Any terms and conditions entered into by contributors in respect of the acquisition of Tokens are between them and the issuer of the Token and ICOholder is not the seller of such Tokens. ICOholder has no legal responsibility for any representations made by third parties in respect of any Token sale and any claim for breach of contract must also be made directly against the Token issuing entity listed herein.
If you have any concerns about the nature, propriety or legality of this token sale or the persons involved in it please contact [email protected] with detailed information about your concerns.