Singapore's digital trade platform Olea has completed a $30 million Series A funding round, with participation from SC Ventures and others

The Singapore digital trade platform Olea has completed a $30 million Series A funding round, with investors including Banco Bilbao Vizcaya Argentaria (BBVA), XDC Network, theDOCK, and SC Ventures, a subsidiary of Standard Chartered Bank. The funds will be used to accelerate the deployment of AI and Web3 solutions in high-growth markets, enhancing products such as embedded finance and risk analysis.

Since its establishment in 2022, the Olea platform has obtained a CMS license from the Monetary Authority of Singapore and has provided over $3 billion in financing to more than a thousand companies across 70 trade channels.