Incomlend

Incomlend is an online multi-currency invoice exchange for businesses and private capital. The company operates a trading platform to connect exporters and importers with investors

Incomend is first of its kind global invoice exchange that aims at improving financial inclusion for companies worldwide.

Incomlend was founded in 2016 by Morgan Terigi and Dmitri Kouchnirenko. The company is headquartered in Singapore.

Incomlend unlocks the invoice cash simply, filling up the business money gaps with funds from private investors, who, on the other hand, benefit from accelerated return.

Incomlend is a first of its kind global invoice exchange, where Suppliers from different countries can finance their export invoices by selling them to professional investors at a discount. Buyers can extend credit terms with their overseas suppliers through Incomlend’s supply chain finance solutions. Operating in multiple global trade currencies, the platform covers transactions with Credit Insurance on the Debtor and channels financial flows through Trust accounts.

 

Incomlend's platform employs AI-powered underwriting technology to enable exporters to receive early payment. Importers on its platform are able to minimize the risk of supply chain disruption and set more favorable payment terms. And investors have found a new alternative asset class to invest in through Incomlend that offers returns in shorter durations.

 

Incomlend has facilitated more than $330 million in financing and covered invoice finance trades across 50 countries to date.

 

Incomlend is backed by Sequoia India, SEA investment, International Finance Corporation, The CMA CGM Group and others. The company raised $20M in Series A round on Aug 11, 2020.This brings Incomelend's total funding to $25M to date.

 

 

  • Year founded: 2016
  • Funding Info: $25M over 2 Rounds (Latest Funding Type: Series A)
  • Yearly Revenue: NA
  • Employee Size: 11-50
  • Business Valuation: NA
  • City/Town: Singapore
  • State: Singapore
  • Country: Singapore
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