Based out of London, Singapore and Hong Kong, GTR Ventures mobilizes private capital for trade and trade finance, investing in and supporting the development of trade-focused fintech companies (tradetechs) while working with multiple stakeholders to integrate technology into trade.
The deal will see Orbitt increase the efficient allocation of capital across the continent through smart-matching technology and by digitising the African investment ecosystem, Orbitt is tackling the challenges of reach, time and business development across the continent. Orbitt is based in London with operations in Mauritius and a user-base across 28 countries in Africa.
Singapore-based Kelvin Tan, CIO of GTR Ventures adds, “Africa–Asiatrade today stands at $500 bn, annually. However, capital providers to Africa remain hampered by the lack of financial tools and access to data. Orbitt’s technology can help lenders manage their risks, and to complete timely transactions in otherwise disconnected markets. We welcome partnerships with all stakeholders to improve credit transparency on the continent.”