MonetaGo Named Best Fintech Startup in Trade by Global Trade Review

LONDON & SINGAPORE & NEW YORK–(BUSINESS WIRE)–Financial Technology Solutions Provider MonetaGo was voted “best fintech start-up in trade” by Global Trade Review.

The annual GTR Leaders in Trade Awards recognize the achievements of pioneering and top-performing institutions in the trade, commodities, supply chain, export finance and fintech markets.

This award recognizes MonetaGo’s systematic progress in helping the industry make trade finance faster, better and safer for all bona fide financiers and borrowers, as a global provider of trade finance deduplication technology . In its award submission, MonetaGo was able to demonstrate the track record and maturity of its solution, and how it has built credibility with leading global financial institutions through numerous industry partnerships, including the integration of its secure funding system. on Swift’s global API-enabled infrastructure. as a single point of access for financial institutions worldwide.

“This award is further testament to our tireless efforts to combat fraud in order to dramatically improve the trade finance experience for lenders and their clients,” says Jesse Chenard, CEO and Founder of MonetaGo. “By removing information barriers among and between banks, platforms and regional solutions, MonetaGo helps prevent double-funding fraud on a global scale in a way that was not possible before. It is an honor to have been recognized by GTR for our work.

This recognition follows previous distinctions for the secure funding system. Most recently, it was recognized as Best Trade Finance Solution at AMTD DigFin Innovation Awards during Hong Kong Fintech Week 2021, and Most Effective Bank-Fintech Partnership at IBS Intelligence Global Fintech Innovation Awards 2021.

A full description of the Leaders in Trade winners will appear in the Q3 2022 issue of GTR.

About MonetaGo

MonetaGo provides the world’s first-ever solution against duplicate funding fraud in trade finance, and is the world’s first provider of this technology to prevent domestic and cross-border duplicate funding.

MonetaGo’s secure finance system has proven itself in production, being operational since March 2018 with strong transaction throughput.

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