Singapore-based trade finance platform Olea Global Pte Ltd has announced raising $30 million in a Series A funding round anchored by Spain’s Banco Bilbao Vizcaya Argentaria (BBVA).
The round was also backed by blockchain network XDC Network, maritime logistics-focused venture firm theDOCK, and existing shareholder SC Ventures, the venture-building unit of Standard Chartered.
Olea, which secured $100 million in warehouse financing last year, said it will use the proceeds to expand product development in areas such as AI-driven analytics and data tools.
It also seeks to build embedded finance services that can be integrated into trade and supply chain workflows, per the announcement.
“The confidence shown by our new and existing investors is a powerful validation of the business we’ve built–institutional-grade, scalable, and ready for the next phase of growth,” said Olea CEO Amelia Ng.
Olea was launched in 2022 and was originally formed with backing from SC Ventures and Linklogis. Olea’s platform directs global liquidity to support trade and supply chain finance. The company was incubated within SC Ventures.
The company said it has built an institutional platform spanning more than 70 trade corridors and partnered with over 30 institutional funders, delivering more than $3 billion of financing to suppliers and buyers.
BBVA said it expects the investment to support Olea’s expansion into new corridors across Europe, the United States, Latin America, and Asia, and to deepen collaboration on digital supply chain solutions and risk analytics.
Trade finance has become a focus area for lenders and fintechs seeking to automate documentation, improve transparency, and unlock more working capital for exporters and suppliers.
In April, International Finance Corporation, a member of the World Bank Group, said it was considering a $60-million trade finance facility for Vietnam’s Maritime Commercial Joint-Stock Bank.
The proposed Global Trade Finance Program (GTFP) facility is aimed at boosting trade finance operations and expanding the bank’s support to importers and exporters, including SMEs.
