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E-invoicing, SCF & E-procurement

Velotrade launches account receivables financing platform

Monday 31 December 2018 | 12:55 PM CET

Hong Kong-based financial technology company Velotrade Management (Velotrade) has launched the city’s first account receivables financing platform.

It will provide a short-term alternative investment for yield-seeking institutional investors, according to the company.

The platform has drawn interest from various institutional investors, including global long-only institutions, hedge funds, family offices and high-net-worth individuals.

The platform is just for short-term investment because the average cash receivable cycle for a supplier is only 55 days.

Moreover, the platform provides all-round services, including risk assessment, KYC, and invoice insurance to sellers and investors.

More: Link
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