Singapore-based trade finance platform Olea has secured $30 million in a Series A funding round, led by Spanish banking giant BBVA. According to reports, the round also saw equity participation from XDC Network, theDOCK, SC Ventures, and other investors.
About Olea & Its Platform
Founded in 2021 as a joint venture between Standard Chartered Bank and China-based tech firm Linklogis, Olea connects firms seeking supply chain financing with investors looking to deploy capital into trade finance assets as an alternative asset class. With a Capital Market Services (CMS) licence from the Monetary Authority of Singapore (MAS), the platform currently supports suppliers and buyers across over 70 trade corridors, partners with more than 30 institutional funders, and claims to have delivered more than $3 billion in financing to clients.
Expansion Plans with BBVA
Olea highlighted that BBVA’s participation in the funding round accelerates its expansion into new corridors across Europe, the US, Latin America, and Asia. This follows BBVA’s initial collaboration with Olea in June, which extended the bank’s supply chain finance solutions into Asia to improve access to credit for mid-sized suppliers outside their local markets.
Digital Assets & Web3 Integration
The involvement of SC Ventures and XDC Network in the Series A round will help Olea explore trade avenues in digital assets and stablecoins. The company plans to use the new funds to enhance technology capabilities, including AI-driven analytics and Web3 readiness, while scaling origination in high-growth markets, leveraging its global partnership ecosystem.
Olea’s success demonstrates a rising appetite for cross-border trade finance solutions. The platform’s integration of institutional investors and technology-driven processes allows it to operate efficiently in multiple regions, positioning it as a key player in global trade finance innovation.
