Hong Kong's Fintech Velotrade Achieves Funding and Partnership with Vynn Capital

Fazzaco learned that Velotrade, Hong Kong-based digital trade finance marketplace, has secured financing and partnership with Vynn Capital, an early stage venture capital firm, to scale its technological infrastructure and extend footprints into Southeast Asia.

Reportedly, regarding the partnership with Vynn Capital, Velotrade plans to further scale its businesses and tap new markets in Malaysia and other countries of Southeast Asia. Apart from financing, Vynn Capital will also actively offer company-building expertise and provide access to an extensive network of resources in Southeast Asia to Velotrade.

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Vittorio De Angelis, Executive Chairman and co-founder of Velotrade, said, "We are very excited to partner with Vynn Capital. The partnership will help us broaden our geographical reach and further establish our presence in Malaysia and the rest of South-East Asia. When selecting partners, it is of paramount importance to have synergies to exploit, and our two firms have many to share!"

Founded in 2017, Velotrade is the only Trade Finance Platform regulated by the Securities and Futures Commissions of Hong Kong. 

Previously, Fazzaco reported that Velotrade partnered with MUFG Bank for enhancement of digital trade services and was awarded Best SME Invoice Solution​ by the Hong Kong Monetary Authority.