What is Incomlend?
Founded in 2016, Incomlend operates a proprietary tech-enabled invoice exchange platform that allows small and medium enterprises (SMEs) worldwide to connect with communities of investors for invoice financing. With a presence in Europe, India, and Southeast Asia, the company has also pioneered Asia's first structured finance program focused on Environmental, Social, and Governance (ESG) principles, linking socially conscious investors with sustainable SMEs. This innovative approach addresses a critical gap in trade finance, providing liquidity and growth opportunities for businesses often underserved by traditional financial institutions.
How much funding has Incomlend raised?
Incomlend has raised a total of $20M across 1 funding round:
Series A
$20M
Series A (2020): $20M with participation from Sequoia India and CMA CGM Group
Key Investors in Incomlend
Sequoia India
Sequoia India is a prominent venture capital firm that invests across various stages, focusing on long-term partnerships with entrepreneurs. Their expertise in scaling technology companies makes them a strategic backer for innovative platforms like Incomlend.
CMA CGM Group
CMA CGM Group is a global leader in shipping and logistics, providing comprehensive transport solutions. Their investment in Incomlend highlights a strategic interest in enhancing supply chain finance and optimizing global trade flows.
What's next for Incomlend?
The recent major strategic investment signals a new phase of growth and expansion for Incomlend. This capital infusion is expected to fuel further development of its technology platform, enhance its global reach, and potentially broaden its ESG financing initiatives. The company's focus on leveraging technology to democratize access to trade finance positions it for continued success in the evolving landscape of global commerce and sustainable finance.
See full Incomlend company page
