The Singapore-based global trade finance expert 360tf has won the ‘Best New Trade Finance Technology Provider UAE: 2022’ award at the Banking and Finance awards.
360tf is a robust, state-of-the-art online marketplace that connects importers and exporters with 360tf network banks to facilitate Letter of Credit (LC) financing and bring the business world closer together. It is one of the few platforms that reduce the time required for sourcing quotes from banks on LC confirmation and discount.
Expressing the delight at receiving the award, 360tf Co-founder and Chairman Mr. Pankaj Mundra remarked that, “This is in recognition of our user-friendly and seamless Fintech platform.”
In the traditional process, the corporate has very few options to choose from in relationship banks for trade financing facilities. But now 360tf provides a dynamic digital experience where transactions and quotes work in real-time.
Commenting on the achievement, Mr. Vikram Lodha, CEO & Co-founder 360tf observed that “This award is another feather in the cap which showcases that our initiative has hit the right trade finance gap. Our aim is to facilitate trade finance and working capital requirements for every importer and exporter.”
With decades of experience and expertise in dealing with trade finance needs around the world, 360tf has excelled in a short period of time since its inception. With a total Gross Transaction Value (GTV)of $700 million and an annual turnover of $85 billion. The firm has a user base of 200+ corporates from ten countries, including UAE and Qatar.
The 360tf marketplace will act as a market creator that enables all companies operating on the platform to benefit from the offer. It will also provide instant working capital to businesses through a variety of trade finance products. 360tf also envisages providing analytics to help partners for supporting their businesses.
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