Incomlend, a world on-line bill buying and selling platform, has been acknowledged on the World Commerce Evaluation (GTR) Leaders in Commerce Awards 2020 because the “Best Fintech Startup”. GTR acknowledges international top-performing firms in commerce, commodity, provide chain, export finance, and fintech markets.
Since launching in December 2016, Singapore-based Incomlend studies having onboarded greater than 450 suppliers and consumers in 50 nations, accomplished over 2,300 transactions, and funding greater than US$300 million in receivables.
Incomlend mentioned the award reaffirms its standing as a “reliable world-class trade finance alternative to traditional lenders in the global online discounting space.”
Incomlend’s international bill platform helps merchants diversify their funding sources and enhance cash circulate whereas buyers are provided steady return and better liquidity as bill cycles are underneath 120 days. Incomlend notes that bill financing is uncorrelated to monetary markets.
Incomlend Director and Co-founder Dimitri Kouchnirenko commented on the award:
“We are extremely grateful to be recognized by the prestigious GTR Leaders in Trade Awards 2020, as we continue to grow within the global online invoice trading space. This win is a very prominent moment for us, officially propelling Incomlend to the Global Trade Finance arena among major trade players and large multinational institutions. Our Incomlend journey started 4 years ago with the aim to improve financial inclusion for companies worldwide. This goal is all the more actual at present, with the trade finance gap deepening more as the Covid-19 crisis takes its toll on the world economy. Our success demonstrates we are heading in the right direction and that Incomlend has now become an internationally recognized alternative trade finance provider.”