The year of the pig is starting and it looks to be an auspicious one in the world of invoice discounting, especially for Velotrade: we have become the first foreign invoice financing company able to execute a factoring transaction in China with a pay-as-you-go solution through our online platform.
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Financing cash-flow needs with unpaid invoices may be nothing new, but Hong Kong-based fintech Velotrade has plans to use regulation to revolutionise them as an alternative asset class
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This year's Asian Financial Forum (AFF) is probably twice as big as last year's event. Along with traditional financial institutions we are seeing a larger presence of fintech companies.
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According to PYMNTS(Payments News & Mobile Payments Trends) News Website, in an ecosystem of disruption such as China–United States trade war, the gaps in trade finance availability become an attractive target for "alternative finance players": Velotrade is one of them.
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The two co-founders of Velotrade, Gianluca and Vittorio comment: " Hong is a breeding ground for entrepreneurship, but its entrepreneurship trend clearly fails to reach the level of Mainland China. The main reason is that Hongkongers are more likely to look for stable jobs than become entrepreneurs.
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here in Chinese
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Receivables financing platform Velotrade helps SMEs to receive money "in advance", giving at the same time the chance to investors to purchase percentage of big amount invoices and "reduce their risk"
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here in Chinese
From the article published today on Ejinsight, the online English language news website of the Hong Kong Economic Journal,
it's clear to see how Velotrade makes it easier for SMEs to get trade finance.
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Velotrade provides short-term alternative investment for yield-seeking institutional investors, drawning interest from institutional investors, including global long-only institutions, hedge funds, family offices and high-net-worth individuals.
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The renowed magazine published an article in which explains that Velotrade is the first account receivables financing platform in Hong Kong to provide a short-term alternative investment for yield-seeking institutional investors.
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Our CEO Gianluca Pizzituti joins a TV interview with Bloomberg broadcasted live in "Bloomberg Markets Asia", where he discusses about the gap in the trade finance in Asia and how Velotrade helps to establish a fintech regulated market in invoice financing.
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here
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Last month, our company obtained a Type 1 license from the Securities and Futures Commission, enabling us to deal in securities.
Velotrade Chairman Vittorio explains: “It takes regulation to make this a recognized asset class. We are the first trade-finance platform to have an SFC license."
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The Asset, Financial magazine for Asia's decision makers, explains that "lack of finance" is a perennial challenge for small companies. However, the slow emergence of a plethora of technology tools is playing a part in helping these neglected companies: Velotrade takes centre stage as a potential financing revenue for companies.
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We are aiming our Series A round of capital raise next year, as we set out to expand our business in the biggest Asian markets, including Vietnam, Shenzhen and Taipei.
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Velotrade, the first Account Receivables Financing Platform in Hong Kong to obtain a Type 1 Regulated Activity licence by the Securities and Futures Commission, is now ready to provide leading institutions with access to new investment opportunities in this steadily developing alternative asset class.
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After 20 months we have obtained the first Type 1 Regulated Activity licence from the Hong Kong's SFC. Our Co-Founders Gianluca and Vittorio explained that Velotrade can provide financing at annual interest rate up to 9% and have a portfolio of target customers which goes from Hong Kong local companies to Taiwan and Vietnam SMEs.
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Very successful event for Velotrade at the Taipei Fintech 2018.
Taiwanese alternative financing market has its unique attributes that makes it a very promising target segment for our business model.
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Our Chairman Vittorio made a full analisys of SMEs funding situation in Asia and explained why to choose a fintech instead of a bank, showing advantages and benefits of receivables financing.
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This large-scale event attracts every time a big portion of Asian Fintechs and many visitors from all over the word. Velotrade had a booth, as well as the pleasure to share its innovative services.
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Velotrade was proud to join this noteworthy project, and we are honoured to be one of the 10 innovative companies selected by Ping An out of 120 applicants coming from 30 different countries.
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Our Chairman made a speech in an interesting event organized by Italian Chamber of Commerce of Hong Kong and Macao on cash management solutions.
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Our CEO Gianluca Pizzituti presented at a conference organised by The World Bank and Ministry of Planning and Investment, Vietnam.
Our solution focused on Supply Chain Programmes with large corporates to help smaller suppliers to obtain fast and affordable financing.
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Velotrade attended RISE 2018, Asia’s largest tech conference, which attracted participants from over 100 countries during the four-day event.
Velotrade was proud to host a booth where we were able to showcase our platform.
RISE 2018
We were pleased to be on stage at the Global Trade Review event in Hong Kong, a key event for the trade industry that discussed and debated the influence of technology on the trade finance sector and its players.
Asia TradeTech Forum
Velotrade presented at the forum on "Cultivating Fintech entrepreneurship and Innovation for Hong Kong" jointly organised by HKTDC and Cyberport.
ICT Expo
Velotrade presented to delegates of prominent regional banks in Mainland China as part of an annual training seminar hosted by the Hong Kong Monetary Authority and China Banking Association.
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Organised by the HK Government, this event attracted many distinguished leaders from government, finance and business globally. We were invited to present during the Financial Technology session
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We showcased our platform, both the web-based and the mobile app interfaces
Finovate Video
Velotrade was in Fintech Week Hong Kong 2017 for the first time with CEO Gianluca Pizzituti as one of the panel speakers of the Start-up pitching workshop. We also secured a booth to showcase our latest version of Velotrade platform to Mr. James Lau, JP ,Secretary for Financial Services and the Treasury of HKSAR and Director General of InvestHK, Mr. Stephen Philips and they both had shown great interest in our offerings.
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On September 27th, 2017, if you weren’t at the V party by Velotrade, you missed a great night. The party was hosted by Velotrade in association with Italian Chamber of Commerce in Hong Kong and Macao (ICC). The party was attended by over 80 guests with a broad range of professions such as key executives from HKSMEGA, InvestHK, Cyberport, WHub, NexChange, Belt and Road Global Development Alliance, FHKI, Euler Hermes, MSCI, Hedge Fund, Investment Manager, Foreign Bank, Accountancy firm, Head Hunter, Trading and logistic company, entrepreneurs, etc.
Highlight Video
News from HKGATHERING
News from Hong Kong SME General Association, on 27 Sep 2017’s activities.
Following top U.S. banks and financial services firms, Velotrade has deployed eSignLive™, VASCO's e-signature solution to securely sign and process documents for digital client onboarding and account opening. (
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Velotrade is proud to be chosen by FinovateAsia 2017. We will be the first wave of companies to showcase our platform. (
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GBG today announced its identity verification and ongoing monitoring technology has been selected by invoice discounting service, Velotrade (
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Our CEO spoke at an event in Milan hosted by InvestHK about the opportunities in Hong Kong for Italian Startups and FinTechs (
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Velotrade becomes one of the first members of the newly established FTAHK (Fintech Association of Hong Kong)
Our CEO to+E264:E302gether with our senior advisor Emmanuel Pitsilis presented in front of the FCC Fintech group meeting (
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