Olea , Refinitiv and Seabridge TFX have entered into a Memorandum of Understanding (MOU) to transform trade finance by offering a range of short-term trade finance solutions for suppliers dealing with large buyers.

Many suppliers may have limited access to trade finance which could potentially constrain their growth. They may also want a diversified portfolio on their funding sources. A recent report by the Asian Development Bank highlights that 40% of trade finance applications rejected by banks were from small and medium enterprises.

The three organisations bring their respective expertise to this collaboration: Olea brings its robust risk management practices, structuring and distribution capabilities to tap alternative liquidity pool, Refinitiv contributes through its access to supply chain communities, and Seabridge TFX offers technology to manage risks leveraging real-time information and alternative data feeds from Refinitiv that cover the entire trade cycle in addition to the close proximate access to suppliers.

“Olea supports sustainable trade finance. The pandemic has caused supply chain disruptions globally and made it increasingly challenging for companies to obtain financing. Olea believes in technology as a proven path to reshaping how supply chains are financed. This partnership aims to deliver supply chain solutions with renewed vigour."

Amelia Ng CEO of Olea

“It is clear that in the supply chain, advances in technology have helped trade to continue despite a number of disruptive challenges in recent years. By leveraging Refinitiv’s scale, platform and data assets, our ambition through this partnership is to help the ecosystem digitise as we believe it will help a wider group of buyers and sellers reduce cost, enhance efficiency and enable greater access to alternative sources of financing.”

Neil Pabari, Global Head of Focused Markets at LSEG

“The aim is to drive transparency and efficiency in trade and supply chain financing for investors through risk assessment and management solutions such as workflow digitisation and data analytics, with the ultimate objective of benefitting SMEs with access to timely and cost-competitive financing.”

Bhushan Rao, CEO & Founder of Seabridge TFX