Singapore-based trade finance platform Olea has raised US$30 million in a Series A funding round.
The round was led by BBVA, with participation from XDC Network, theDOCK, other investors and existing shareholder SC Ventures.
The company said the capital will support new capabilities, including artificial intelligence, Web 3.0 and embedded finance.
Olea plans to scale its origination activities across key markets, supported by its network of institutional funding partners.
The equity round follows a separate funding facility announced in November 2024.
That facility was arranged by HSBC and Manulife | CQS Investment Management.
Olea operates an institutional-grade trade finance platform and holds a Capital Markets Services licence from the Monetary Authority of Singapore.
Since launching in 2022, it has facilitated more than US$3 billion in financing.
The company works with over 30 institutional funders and serves more than 1,000 suppliers and buyers across more than 70 trade corridors.
Amelia Ng, CEO of Olea, said,
“This funding marks an important milestone in Olea’s journey. The confidence shown by our new and existing investors is a powerful validation of the business we’ve built – institutional-grade, scalable, and ready for the next phase of growth.
We are committed to building an efficient and accessible trade ecosystem that connects capital, commerce, and technology.”
BBVA said the investment would support Olea’s expansion across Europe, the United States, Latin America and Asia, with collaboration planned on digital supply chain solutions and risk analytics.
SC Ventures reaffirmed its backing and said it is exploring further work in digital assets and artificial intelligence.
XDC Network cited tokenised and stablecoin-based trade flows, while theDOCK pointed to new partnerships in maritime logistics.
Olea is headquartered in Singapore and was founded with investment from SC Ventures and Linklogis.
Featured image: Edited by Fintech News Singapore, based on image by masaideeabdulkoday70 via Freepik
