Singapore's trade finance startup Incomlend raises $20M led by Sequoia Capital India

techcrunch.com
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Incomlend, a Singapore-headquartered startup that operates a trading platform to connect exporters and importers with investors, has raised $20 million in a new financing round, it said on Tuesday. Sequoia India, the India and SEA investment arm of the storied U.S.-headquartered venture firm, led the Series A round in four-year-old Incomlend. The CMA CGM Group, […]
Incomlend, a Singapore-headquartered startup that operates a trading platform to connect exporters and importers with investors, has raised $20 million in a new financing round, it said on Tuesday.

Sequoia India, the India and SEA investment arm of the storied U.S.-headquartered venture firm, led the Series A round in four-year-old Incomlend. The CMA CGM Group, one of the world's largest shipping and logistics firms, also participated in the round.

Incomlend's invoice trading platform is solving three pain points. Exporters typically get paid weeks or months after shipping goods and lack working capital to move to service other orders until they have received their due. Incomlend says its platform employs AI-powered underwriting technology to enable exporters to receive early payment.

Similarly, the startup says importers on its platform are…
Manish Singh
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