
New Delhi (India), February 14: Polytrade Finance, a Dubai based DeFi lending platform on the Polygon chain, proudly announces to have financed the first-ever pool of real-world invoices with crypto liquidity.
Polytrade ($TRADE) is a technology-enabled Trade Finance Platform, allowing SMEs to get unprecedented direct access to trade financing opportunities while offering attractive rewards to those that support the lending pools.
Mr. Piyush Gupta, Founder of Polytrade: “We are here to make trade financing more accessible, efficient and transparent by bridging TradeFi and DeFi. We are thus on a journey to create a fundamental paradigm shift by expanding, through technology and crypto, access to trade finance. We are leveling the investment playing field and democratizing the access to this asset class.”
Polytrade collaborates with VoloFin, a Singapore and US-based fintech company, to carry out the first pool of invoices to be financed: the partnership between the two parties has kickstarted with funding three global buyers based in US, United Kingdom and New Zealand.
Mohit Agarwal, CEO of Volofin: “We found a mutual fit with Polytrade in combining our expertises with technology, blockchain and Artificial Intelligence: we are finally providing our investors with the much-needed transparency and risk mitigation that ensures a free flow of funds”.
This lending pool is backed by Lio Factory, an alternative investments platform building disruptive ventures in fintech and deep tech. Lio Factory is currently based in Milan, Luxembourg, London and Boston.
Francesco Marini, CEO of Lio Factory: “Extremely pleased to have Lio Factory be the main partner of Polytrade in what I think is a truly disruptive event for this whole industry and SMEs in particular. Technology and blockchain allow talented entrepreneurs like Piyush and his team to break the outdated mode of trade finance.”
For more information contact:
Polytrade Website – https://polytrade.finance
VoloFin Website: https://www.volofincorp.com
Lio Factory Website: https://liofactory.com
Receive and send emails through your temporary messaging system. Use our webmail or your favorite email software with our absolutely free disposable email. temp mail
640642 430142I think other website proprietors need to take this website as an model, extremely clean and superb user genial style . 136150
942686 303282This post post produced me believe. I will write something about this on my weblog. 388474
611624 752480Awesome post , Im going to spend much more time researching this topic 99059
514190 668753I enjoy your writing style truly enjoying this internet site . 669210
67692 742520Thanks for the auspicious writeup. It in fact used to be a leisure account it. Glance complicated to far more delivered agreeable from you! Nonetheless, how can we be in contact? 1851