Singapore-based trade finance platform Olea has completed a $30 million Series A funding round, led by BBVA.

Singapore-based trade finance platform Olea Global announced the completion of a $30 million Series A funding round, led by BBVA, with participation from XDC Network, theDOCK, and Standard Chartered's SC Ventures. Olea stated that the funding will be used to accelerate the development of its AI-driven data analytics capabilities, advance its Web3 technology footprint, and expand its embedded financial solutions in high-growth markets. The company also plans to leverage its global partner network to expand its business coverage in trade corridors across Europe, the United States, Latin America, and Asia. Public information shows that Olea holds a Capital Markets Services license issued by the Monetary Authority of Singapore (MAS). Since its establishment in 2022, it has partnered with over 30 institutional investors to provide approximately $3 billion in trade finance support to more than 1,000 suppliers and buyers across over 70 trade channels.