Singapore's Olea secures $30M in Series A funding led by BBVA

Olea Raises US$30 Million Funding Round Backed by BBVA, SC Ventures

Singapore-based trade finance platform Olea has raised US$30 million in a Series A funding round. The round was led by BBVA, with participation from XDC Network, theDOCK, other investors and existing shareholder SC Ventures. The company said the capital will support new capabilities, including artificial intelligence, Web 3.0 and embedded finance. Olea plans to scale its origination activities across key markets, supported by its network of inst…

Singapore's Olea secures $30M in Series A funding led by BBVA

Olea Global Pte Ltd, a Singapore-based global digital trade finance platform, has announced the successful completion of its $30 million Series A funding round. The firm said in a statement on Tuesday that the round was led by Banco Bilbao Vizcaya Argentaria, S.A (BBVA), with participation from XDC Network, theDOCK, others, as well as existing shareholder SC Ventures, the venture building arm of Standard Chartered Bank. The new capital will focu…