PANews reported on December 16th that Singapore-based digital trade platform Olea has completed a $30 million Series A funding round. Investors include BBVA, XDC Network, theDOCK, and SC Ventures (a subsidiary of Standard Chartered Bank). The funds will be used to accelerate the deployment of AI and Web3 solutions in high-growth markets and strengthen products such as embedded finance and risk analytics. Since its inception in 2022, Olea has obtained CMS license from the Monetary Authority of Singapore (MAS) and has provided over $3 billion in financing to more than 1,000 companies across over 70 trade channels.
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