Let’s Make a Trade Enabling Global Trade for SME’s
Dear Ocean Friends,
We hope this update finds you well.
• OCEAN Fintech reinforces its credit risk model by doubling its credit insurance policy with global leader Allianz, offering clients even more access to trade credit. Through the Allianz policy we have access to 85 million+ companies monitored in their proprietary risk database.
• Ocean kicks off beta testing for its cutting-edge DeepScan AI technology to enhance security and trust in the cross border trade experience.
• We’re excited to share our investment in THDR Group Pty Ltd. They are set to redefine the tailoring experience, focusing on enhancing customer satisfaction and fostering business growth.
With warmest regards, The Ocean Team
*Please note that Revenue numbers for all the above periods have been updated to reflect OCEAN’s transition to calendar year reporting [Jan.- Dec.] Revenues shown are the Value of Invoices
Ocean Fintech has doubled its credit insurance policy with Allianz to meet the growing demand for financing from its clients. This expansion of the contract will provide OCEAN Fintech with access more capital pools and trade credit to help scale the business.
Allianz is a global leader in credit insurance with 85 million+ companies monitored in their proprietary risk database.
Over the past few months, we have had the honor of participating in a series of prestigious business and trade events:
• Caproasia Amara Sanctuary
• Business and Philanthropy Forum 2023 • ASX IPO AND EXITS PANEL
• Picus Capital Tech Mixer
• Ocean Fintech- Idea to IPO Discussion
These exclusive gatherings have provided our team with an exceptional platform to connect with industry leaders, stay at the forefront of private equity and venture capital trends, and gain profound insights into these dynamic sectors.
Our goal of engaging in these events is to expand our global network and nurture meaningful relationships.
TECHNOLOGY SPOTLIGHT / OCEAN’S CORE COMPONENTS
OCEAN has started beta testing its Deepscan platform.
Ocean’s platform leverages AI & Machine learning, and cloud technologies to provide the best-in-class cross-border trade experience to our customers.
Buyers and suppliers can onboard the platform and submit invoices to initiate the trade transaction, while the rest of the complexities will be taken care of by our platform.
To ensure a seamless and trusted cross-border trade experience, Ocean is developing a machine-learning model called DeepScan. DeepScan has been trained using unstructured and structured cross-border trade data from both first-party and third-party sources, safeguarding buyers and exporters from fraud.
The first version of DeepScan is embedded in the Ocean platform, with planned iterations for the next year.
CUSTOMER SPOTLIGHT / THDR GROUP PTY LTD
We’re thrilled to share some exciting news that’s making waves at Ocean Fintech!
Join us in extending a warm welcome to our newest trading partner, THDR Group Pty Ltd.
Ready-to-wear or “fast fashion” produces a significant amount of waste, a large portion of which ends up in landfill. Creating high-quality garments that are made to order and made to last is one of the key ways we help make the planet a better, more sustainable place to live.
Their garments avoid overproduction wastefulness. They aim for natural fibres during production, cut on demand and design to be worn and re-worn.
At Ocean, we understand that each financial voyage is unique. That’s why we’re dedicated to tailoring our services to meet the specific needs of THDR Group and help them grow their business.
HOW CAN YOU HELP?
We’re hiring so please share these open positions with your network:
• Chief Marketing Officer
• Chief Operating officer with experience in Fintech or Logistics tech • Sales executive (Corporate Finance)
As we plan to open our Series A in Q2/Q3 later this year – for an early sneak peek, please feel free to sign up for the Tech Demo here.
We are grateful for your continued support and belief in our mission to make international trade credit more accessible to everyone. We’ll be sure to keep you updated on our progress.
Vishal H. Kewalramani
PS: Feel free to drop any time in my calendar here to catch up.