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.