Singapore-based Incomlend Acquires LC Lite

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Incomlend intends to expand rapidly in the Middle East, and the merger will enable it to do so by operating through a new fintech platform that will connect it with fiat- and cryptocurrency-investors through trade financing.

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The fintech company will be able to provide a new asset class to its platform with the acquisition, by adding a new offering of Web3-Technology. Both platforms will be available to investors; they will continue to operate independently and provide separate fintech solutions. The company intends to develop the financial platform further to enable future Stablecoin-Transactions.

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About Incomlend

Founded in 2016, Incomlend is a global invoice financing marketplace giving SMEs access to working capital solutions supported by institutional investors. Incomlend represent a trusted and reliable partner for our clients, having served over 50 countries worldwide across multiple industries. Businesses can upload their import/export invoices on our marketplace and get them funded in 48h.

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About LC Lite

Founded in 2018, LC Lite is a blockchain-enabled platform digitizing global trade receivables finance through a unique token-powered transaction mechanism. It presents investors with a fresh asset class that merges the dependable nature of receivables financing with the upswing potential of its token’s intrinsic value.

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