Standard Chartered and Linklogis, the Hong Kong-based Chinese fintech, have signed a joint venture agreement to launch a supply chain financing platform. Named Olea, this new marketplace will be headquartered in Singapore and will become operational by 2021-end after getting regulatory approval. As Linklogis is currently China’s largest technology solution provider for supply chain finance, the new platform will benefit immensely from the top-notch operating experiences and industry-leading technologies as well as the artificial intelligence and blockchain capabilities of the Chinese fintech. Olea will focus on Asia during the initial stages and expand its geographic focus when the business grows.
