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Incomlend raises USD 20 million from Sequoia Capital India

Singapore: Incomlend Pte Ltd, which operates a platform focussed on trade finance and global invoice trading, has raised $20 million (Rs 150 crore) in a Series A funding round.

The round in the Singapore-based company was led by Sequoia Capital India, marking the latest investment in a Southeast Asian startup by the domestic arm of the global venture capital firm.

French-based CMA CGM, the world’s fourth-largest container shipping group, also participated in this round, Incomlend said in a statement.

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