CMA CGM was among the investors in a series A round for the trade finance marketplace and will offer the service to its customers.
Incomlend, the Singapore-based operator of an online trade finance platform, received $20m on Monday in a series A round featuring shipping operator CMA CGM.
The round was led by Sequoia India, an affiliate of venture capital firm Sequoia Capital. It followed an undisclosed amount in March 2018 from GTR Ventures, the investment arm of trade media company Global Trade Review.
Founded in 2016, Incomlend operates an online exchange where users can access cross-border trade finance by selling export invoices to…
