Olea, a Singapore-based infrastructure platform that works with supply chain companies, announced that it has secured a $100 million financing agreement from global bank HSBC and Manulife | CQS, a credit-focused asset management firm.
“This financing arrangement is a pivotal moment for Olea,” said Amelia Ng, CEO of Olea in a statement. “This is a testimony to our effort in building a trusted platform for participants of global trade. We are excited about the new opportunities this brings as we continue to scale and grow.”
The agreement came in the form of a collateralized loan known as warehouse financing, which the company says will enable it to scale its tech solutions and grow its market presence.
Olea’s tech platform supports global trade and supply chain operations by providing financing, risk management and liquidity management. For example, it offers real-time asset monitoring, global payment security, customer onboarding and liquidity pools, which enable businesses to use blockchain technology for faster and more secure transactions.
