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Blockchain Platform Startup, dltledgers, Secures Pre-Series A Funding

2019-07-16 21:00 2472
  • Founded by serial entrepreneur Samir Neji
  • Digitalise cross border trade execution with >US$1B trade executed

SINGAPORE, July 16, 2019 /PRNewswire/ -- Singapore-based blockchain start-up, dltledgers, recently completed its Pre-Series A funding with global VC firm Walden International. Founded in 2017, dltledgers specialises in digitizing and transforming cross border trade execution as its key value proposition for its network of 340+ international trade house customers globally.

Cross border trade is growing in scale and complexity, and with that scale has come inefficiencies and challenges, driving margins down. Massive volumes of antiquated processes and documents clog cross border trade operations and related trade finance. dltledgers provides a suite of comprehensive products on an inter-enterprise, plug and play blockchain platform. By using smart contracts, traders on the platform can automate the creation of trade flows and build a digitally signed consensus framework among multiple parties. Banks and other trade finance organisations offer instant trade financing support, thus closing the loop. All parties have complete tracking and visibility, hence enabling speedy international trade execution.

dltledger's blockchain-based network can be accessed through an easy online Software as a Service subscription with complete capability to integrate into a company's existing enterprise systems, thus offering seamless linkages to blockchain based processes. It currently supports integration into software from SAP, Microsoft and Google Cloud Platform.

"We are impressed with dltledgers' execution. In less than 18 months, its blockchain platform has facilitated more than US$1 billion of trade executed across 30+ banks and a network which is growing on a global scale." said Kris Leong, Vice President of Walden International Singapore.

With close to 25 years of technical and entrepreneur experience, Samir assembled a seasoned team of managers from companies such as Accenture; PwC and SAP to build a bank grade blockchain platform. This platform enables traders to take advantage of the trusted framework, create trade contracts, connect supplier's banks, carriers, buyer banks, brokers, etc into a repeatable secure and digital exchange of documents with industry standard consensus.

Samir Neji, Founder and CEO of dltledgers said "We are resolving unique business challenges in inter-operability; global business and cross border trade will thrive in an open and trusted framework. dltledgers is working on a 300 years old problem and we are executing well on our defined strategy. While many blockchain companies are in start up mode, piling up POC and Pilots, struggling to find value for customers, since the launch of dltledgers platform in October 2018, our 340+ customers have completed cross border trade execution of a billion plus dollars on blockchain, with thousands of repeat trades. The capital raised will be used for talent acquisition and market expansion into the region."

About Samir Neji, Founder and CEO of dltledgers

A sought after global speaker in business blockchain, digital transformation and dltledgers business model innovation for industry transformations. Samir has built platforms for transforming global trade and extended supply chain in blockchain.

With over 25 years of building mature and sustainable business models in APAC, orchestrating hybrid solution skills across disruptive digital business platforms and blockchain apps for early adoption in large enterprise is his key expertise. Initiating and driving these transformation models into business for industry level leaderships. A serial entrepreneur with 4 start ups in his career, he has always been a hands on advisory to more than 100+ global Fortune companies and 300+ Asian conglomerates. 

About dltledgers

#dltledgers blockchain platform is an inter-enterprise supply chain platform; used by global trade houses to streamline and digitise end to end supply chain trade flows, thus building the next generation cross border trade execution processes. Global trade houses build their trade networks in a plug and play blockchain platform connecting the dots and executing crystal clear accountability framework across several trust less parties executing on a contract.

With 340+ global traders, 30+ banks, hundreds of network partners and thousands of repeat trades, this places #dltledgers in forerunner position. Customers enable complex trade flows and build their private blockchain networks and connect with inter-operability, scaling into a larger digital and interconnected world. The modular solution framework and cloud delivery complete a full contract solution with trade operations, trade execution and trade finance into a single steam of blockchain operations. Co-innovated app store further enables several business processes on the platform and a growing community of partner providers. www.dltledgers.com

About Walden International

Walden International is a leading international venture capital firm that has provided investors access to cross border, IT opportunities with the advantage of an unrivalled pan Asia network since 1987. The firm's funds total US$2.8 billion in committed capital. Walden International has invested in over 500 companies in 12 countries, with in excess of 100 IPOs on 15 stock exchanges and more than 70 M&A exits. Walden's investments include Meituan-Dianping, Best Logistics, Creative Technology, JobStreet, Brandtology, HungryGoWhere, YFind Technologies, SINA, MindTree, Semiconductor Manufacturing International Corp., GoPro, AutoNavi, Inphi, Silergy Corp., Ambarella, Ndoors, Com2uS, SundayToz, iKang Healthcare, Sinosun Technology and Solaredge Technologies.

Source: dltledgers
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