Velotrade, Hong Kong's leader in online invoice financing and discounting, won the award for Outstanding Online Invoice Trading Platform at ET Net's FinTech Awards 2017 on January 29, 2018
Velotrade, Hong Kong's leader in online invoice financing and discounting, won the award for Outstanding Online Invoice Trading Platform at ET Net's FinTech Awards 2017 on January 29, 2018
  • Yoo Mi-ja 기자
  • 승인 2018.02.06 01:32
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HONG KONG, Feb. 5, 2018 /PRNewswire/KOREA IT TIMES -- Velotrade was awarded "Winner of Outstanding Online Invoice Trading Platform" at ET Net's inaugural "FinTech Awards 2017" Presentation Ceremony which was held on January 29, 2018 at the Island Shangri-la in Hong Kong.

Gilbert Tam, Head of Strategic Projects, represented Velotrade and received the trophy from the Guest-of-Honor Mr. Anson Bailey, Partner, Business Development, KPMG
Gilbert Tam, Head of Strategic Projects, represented Velotrade and received the trophy from the Guest-of-Honor Mr. Anson Bailey, Partner, Business Development, KPMG

 

 

 

 

The 1st Fintech Award to an online trade finance platform that aims to address SMEs funding needs by digitalizing factoring.

The event aims to recognize the preeminent corporates and their remarkable contributions to the industry; to commend consummate professionals and set a new benchmark for the FinTech industry; to propose innovative quality FinTech solutions to consumers as well as to propel extensive applications of FinTech in an all-around way. Hence, consolidates the leading position of Hong Kong as a paramount international FinTech hub.

The Awards Presentation Ceremony crowned the illustrious corporates and university students with three grand awards and over 40 awards across nine categories with Dr. David CHUNG, JP, Under Secretary, Innovation and Technology, the Government of Hong Kong Special Administrative Region as the officiating Guest-of-Honor together with other Honorable guests to attend the ceremony and present prizes to awardees.

"We are excited to be recognised by ET Net and the Panel Judges that Velotrade deploying Fintech as core to address the funding issue of SMEs, our built to differentiate, to integrate, to be scalable are not only well received by our investors and sellers but also our industry leaders. We were told that we had received high scoring on all five judging criteria of such award. They are innovation and creativity, impact, benefits, functionality and marketability respectively," says Vittorio De Angelis, Chairman and Co-Founder of Velotrade.

"We have analysed the factoring workflow and tried to make it as efficient as possible by directly integrating third-party processes into our system. This means that it allows us to do a KYC check within minutes rather than days. We have integrated digital signatures to overcome the cumbersome paper work. Last but not the least we have successfully built a system that allows to fully utilise technology to provide an efficient and fast service to our SME clients," says Gianluca Pizzituti, CEO and Co-Founder of Velotrade.

"By offering a highly secured and low cost yet effective risk assessment solution for companies to regain access of funding, Velotrade wishes to help stabilise the economy through our new prudent financial management platform. We are glad that our business can deliver societal impact," says Gilbert Tam, Head of Strategic Projects of Velotrade.

"Our congratulations to Velotrade on its well-deserved win. We are pleased to witness Cyberport FinTech companies being recognised by major industry partners, a validation of our start-ups' ingenuity, entrepreneurial spirit, and innovation. For Cyberport, good news as this bolsters our resolve to spearhead the development of Hong Kong into the FinTech Hub of Asia and ensures our place in the new economy," says Dr. Lee George Lam, Chairman of Cyberport.

About "FinTech Awards 2017"

Its organiser ET Net Limited (www.etnet.com.hk) a Member of HKET Holdings is a diversified media company. Its core business -- publication of the Hong Kong Economic Times -- was established in 1988. It is now the leading financial newspaper in Hong Kong. Apart from newspaper publishing, the Group also operates other successful businesses such as magazine (e-zone) and book publishing, recruitment advertising and executive training. In addition, the Group is one of the leading real-time financial information providers offering equities and derivatives quotation, news, commentaries and information of Hong Kong listed companies to professional and retail investors. HKET Holdings was listed on the Main Board of The Stock Exchange of Hong Kong Limited on 3 August 2005 (Stock code: 423)

About Velotrade

Velotrade is an online marketplace where SMEs get funding by selling their invoices to investors who earn above market returns with attractive risk/return profiles. SMEs are having constrained access to traditional financing: increased regulation and greater capital requirements are compounding the problem. Investors are craving yield and have a lot of available liquidity. By creating a new asset class and allowing investors to purchase invoices Velotrade solves the SMEs funding problems while offering attractive and safe returns. All invoices are insured by a leading international insurance company. The platform is fully digital: able to fulfil a traditional financing function in a far more efficient and streamlined manner without any compromises. Technology allows Velotrade to scale its operation while offering a lot of flexibility to sellers and investors. The company was founded in 2015 and the management team has decades of experience in financial markets.

Learn more about Velotrade visit: www.velotrade.com

Media contact:

Mr. Gilbert Tam
Head of Strategic Projects, Velotrade
Email: gtam@velotrade.com
Tel: 852-58083777 ext 111

Photo - https://photos.prnasia.com/prnh/20180205/2048956-1
Logo - https://photos.prnasia.com/prnh/20170907/1936110-1LOGO


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