TechFlow news, December 16 — According to an official announcement, Singapore-based trade finance platform Olea Global has announced the completion of a $30 million Series A funding round led by Spanish banking group BBVA, with participation from XDC Network, theDOCK, and existing investor SC Ventures, the venture arm of Standard Chartered Bank.
Olea stated that the new capital will be used to advance AI-driven analytics and Web3 technology innovation, as well as scale operations in high-growth markets. Since its launch in 2022, the platform has facilitated $3 billion in financing for over 1,000 supplier and buyer clients across more than 70 trade corridors, supported by over 30 institutional funders.
As the lead investor, BBVA will accelerate Olea's expansion across Europe, the United States, Latin America, and Asia.
