,Hong Kong

Standard Chartered, Linklogis launch new trade finance platform

The companies formed a joint venture to create the Olea platform.

Standard Chartered and Linklogis have formed a joint venture to create a fully-digitised trade finance platform, Olea.

Olea will be led by Amelia Ng as CEO and Letitia Chau as Deputy CEO.

Ng is from SC Ventures, the innovation, fintech, and ventures unit of Standard Chartered; whilst Chau is the current Vice-Chairperson and Chief Risk Officer of Linklogis.

“By marrying Standard Chartered’s international trade and risk management expertise and unparalleled knowledge of Asia, Africa, and the Middle East with Linklogis’ innovations in supply chain technology, Olea is uniquely positioned to reinvent trade finance and be a force for good,” Ng said in a statement.

“Olea aims to disrupt today’s trade finance model by matching suppliers’ financing needs with alternative liquidity from investors seeking a compelling asset class linked to the real economy.”

The platform will offer investors access to investment options for returns that align with their risk profiles.

It will also provide a transparent and faster way to access working capital for supply chain participants regardless of size.

Standard Chartered and Linklogis added the platform will provide access to a full range of trade finance assets globally, particularly in Asia, including insights on asset quality.

Supply chains partners, meanwhile, will have access to financing via transparent and frictionless processes.

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

The Hong Kong-China stock connect and derivatives markets were also halted.
The market recorded a positive net absorption of 327,700 sq.ft in Q3 2021.
Secretary for Commerce and Economic Development Edward Yau laid out plans for the sector under the latest Policy Address.
The total corporate debt issuance tripled from last year.
This is due to its dependence on other industries, as well as global economic activities.
Jobs with a monthly salary ranging from $12,000 to $22,000 are up for grabs.
The reforms will target large multinational enterprise groups.
This represents about seven times the currency in circulation.
A total of 2,051,387 adults is projected to be virtual bank owners in five years.
The firm’s remaining stake is being bought at HK$1.91b.
Specifically, it welcomes the planned establishment of a high-end aviation industrial cluster.
But the number of homes to be built under the project are 'fewer than expected'.
Amongst the projects she laid out was the development of a 'smart port'.
Embattled Chinese developer owes the agencies millions in commissions.