Singapore-based trade finance platform Olea completes $30 million Series A funding round, led by BBVA.

Odaily reports that Singapore-based trade finance platform Olea Global has announced the completion of a $30 million Series A funding round, led by BBVA, with participation from XDC Network, theDOCK, and Standard Chartered's venture capital arm SC Ventures.

Olea stated that this round of financing will be used to accelerate the development of AI-driven data analytics capabilities, advance the deployment of Web3-related technologies, and expand embedded financial solutions in high-growth markets. Simultaneously, the company plans to leverage its global partner network to expand its business coverage in trade corridors across Europe, the United States, Latin America, and Asia.

Public information shows that Olea holds a capital markets services license issued by the Monetary Authority of Singapore (MAS). Since its establishment in 2022, it has partnered with more than 30 institutional investors to provide trade finance support totaling approximately US$3 billion to more than 1,000 suppliers and buyers across more than 70 trade channels.