Fintech company SUNRATE announced its partnership with digital trade finance platform Velotrade to facilitate international trade. The collaboration aims to bolster clients' trading operations with effective tech-enabled solutions, a smooth settlement process and funding support.
When it comes to import and export, corporates in China have an established competitive edge.
SUNRATE and Velotrade understand how an effortless payment and financing process can make a difference to a business's potential and competitiveness. The synergies of SUNRATE and Velotrade empower companies to operate and manage finances more effectively.
On the one hand, SUNRATE's one-stop digital solutions cover 130+ countries, which fully meet corporates’ global payment needs, improve transaction efficiency, and reduce payment costs.
On the other hand, Velotrade's digital trade finance platform provides professional funding solutions to thousands of enterprises. Global businesses in need of financing receive multi-currency capital support from investors.
The growth of China's imports and exports remained robust in 2021, recording a high of USD 7 trillion in total trading values. Compared to 2020, the increment was about $1.4 trillion, equivalent to the sum of the increases in the past decade.
There is still room for development.
Cross-border sellers, importers and exporters shall adopt efficient solutions to seize opportunities.
Velotrade is a digital trade finance platform used by global businesses to support their capital needs.
In 2018, Velotrade completed the very first of its kind RMB cross-border regulated trade financing transaction. In 2020, Velotrade was selected by MUFG Bank to provide the fintech solution for internal trade service enhancement.
Awarded by the Hong Kong Monetary Authority and regulated by the Securities & Futures Commission of Hong Kong, Velotrade is currently active across regions, including Greater China, Vietnam, and Europe.
SUNRATE started in 2016 and is committed to offering ‘intelligent’ global payment and treasury solutions for business clients around the globe.
SUNRATE has presence in Shanghai, Hong Kong, Tokyo, Singapore, Jakarta and London, supporting clients with international business in 130+ countries. As a strategic partner with top banks like Citibank, Standard Chartered Bank, and the principal member of Mastercard and Visa, SUNRATE continually provides one-stop digital services to global businesses.