Innovative FinTech TradeFlow Boosts their Trade Finance Operations with Bolero’s eBL Solution
- FinTech StartUps
- 19.04.2021 04:43 pm
The leading FinTech-powered commodities trade enabler TradeFlow Capital Management (TradeFlow) have incorporated the eBL solution from Bolero’s newest technology platform, Galileo, into its suite of digital trade solutions, future-proofing their digital trade services.
TradeFlow leverage Galileo as the platform delivers greater functionality and seamless integration with banks and other third-party systems, providing end-to-end visibility to corporate clients and banks, and supports the world’s largest, carriers, corporates and financial institutions.
Collaborating with Bolero on the Galileo platform has allowed industry-leading firms like TradeFlow Capital Management (TradeFlow) to offer access to a broader range of shipping and trade counterparts for the SME Commodity firms TradeFlow supports via its innovative trade enabling fund solution and to meet its ESG goals more effectively and efficiently.
Andrew Raymond, CEO of Bolero says: “TradeFlow has been a valuable partner to Bolero over the years with our shared goals of optimizing trade through digitisation, reducing processing times whilst increasing clarity for end-users. TradeFlow have been a key advocate of Bolero’s solution in the SME market as they continue to promote the tangible benefits brought forth by trade finance digitisation.”
Says Tom James, CEO and CIO of TradeFlow: “ Since our USD Trade Flow Fund’s executed the world’s first floating storage Diesel cargo transaction on the platform in November 2018, utilising Bolero’s electronic Bill of Lading solution, TradeFlow has supported hundreds of SME clients globally, transacting in over 26 types of commodities with over US$500m dollars of trade, with all the benefits of digitisation, including a lower carbon footprint in effecting these trades. TradeFlow is proud to be one of the fore-runners leveraging on Digitalisation for our industry in partnership with Bolero.”
John Collis, CRO of TradeFlow adds: “It’s all about the network effect; it is important for TradeFlow to offer as much connectivity as possible to shippers and counterparts. SMEs are a sector particularly affected by the COVID-19 crisis. TradeFlow is pleased that we can provide our SME customers more and more access to Digitalised trade solutions that help increase trade and reduce economic hardships brought about by higher-risk systems.”