I have assumed that the trade finance is only available through the Spenda platform. To me, it only makes sense to mandate that. In one of the presentations Adrian gave the other day he mentioned that having transparency into the ledger and the transactions of the retailer gave them the data to analyse risk. I also recall him saying something about them even being able to control payments.
Of course its a risky business. That is what fintech is all about, using technology to analyse fine grain data in real time or close to real time to better manage risk and facilitate the faster flow of money with less friction. It requires an intelligent and sensible business plan and execution. It can be a solid business or it can be a ponzi scheme house of cards. Look at Greensill.
CRO Price at posting:
5.6¢ Sentiment: Buy Disclosure: Held
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