Malaysian VC firm Vynn Capital invests in Hong Kong-based trade finance Velotrade
With the new financing and partnership with Vynn Capital, Velotrade plans to scale its technological infrastructure and expand into new geographies in Southeast Asia.
Velotrade operates a digital platform that matches corporates in need of working capital with institutional investors willing to advance funds. Launched in 2017, it has since granted short-term financing of outstanding invoices to thousands of corporates, including Fortune 500 companies and SMEs.
Through the partnership with Vynn Capital, Velotrade will further scale its operations and expand into Malaysia and other markets of Southeast Asia. In addition to financing, Vynn Capital will actively contribute company-building expertise and provide access to an extensive network of resources in Southeast Asia to Velotrade.
