LONDON and SINGAPORE, Oct. 30, 2018 /PRNewswire/ -- GTR Ventures, the world's first investment and venture-building platform specialized in trade and supply chain, has announced an investment in Orbitt -- an African-focused fintech deals platform.
GTR Ventures will strengthen Orbitt's trade finance capabilities from a product and innovation perspective, as well as develop its relationships with global and digital trade financiers. The announcement falls during the Global Trade Review (GTR) Africa Trade and Investment Conference in London, which has become a key annual gathering for international trade, export and project finance professionals interested in the continent.
"Our partnership with GTR Ventures comes at an exciting time for us," said Lanre Oloniniyi, CEO and Co-Founder of Orbitt. "Africa's trade finance gap exceeds $100bn. By leveraging GTR's tremendous footprint in Africa -- Nigeria, South Africa, Kenya, and Zambia, we see Orbitt working alongside banks and funds, in bridging this gap."
Singapore-based Kelvin Tan, CIO of GTR Ventures adds, "Africa-Asia trade 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."
About GTR Ventures (Contact: info@gtrventures.vc, website: www.gtrventures.vc)
Based out of London, Singapore and Hong Kong, GTR Ventures is the world's first investment platform dedicated to trade and supply chain. In exclusive partnership with Global Trade Review (GTR), the world's leader in global trade and trade finance intelligence, publishing, news and events, 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.
About Orbitt (Contact: Theo Cooke -- tcooke@orbitt.capital, website www.orbitt.capital)
Orbitt is a digital deal origination and processing platform that matches global investors with Africa's growing companies to 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.
