HAVONA TECHNOLOGY SECURES STRATEGIC INVESTMENT FROM GTR VENTURES, EXPANDS TO SINGAPORE
London/Singapore – November 5th, 2024. UK-headquartered Havona Technology has announced a strategic investment from GTR Ventures (GTRV), the world’s first investment and venture-building platform specialized in trade, trade finance and supply chain.
The Control Tower for Operators:
Havona delivers innovative digital trade solutions for the US$5 trillion global commodities services market, enhancing post-trade operations from T+0 (today + 0) through settlement.
Core features include : seamless collaboration between principal parties, counterparts, and financial institutions; the exchange of cryptographically secure electronic transferable records; and automated collaborative end-to-end digital trade workflows.
“We are excited to have GTR Ventures join us in our global seed funding round. The use of proceeds will allow us to expand our geographical presence as well as fine tune our proprietary post-trade platform, enabling our customers to exchange value with accurate data-points while managing risk and compliance from trade entry (T+0) to completion,” says Greg Pradervand, Co-Founder & Chief Commercial Officer of Havona . “Our product is the manifestation of many months and years of close collaboration with top global agri and metals commodity traders.”
Headquartered in the UK, with a presence in Switzerland, the startup’s current funding round has already secured notable commitments, led by GTRV. The monies raised will allow the firm to scale, market and deliver compliant Model Law of Electronic Transferable Records (MLETR) digital trade solutions for participants in the global commodity services market, including commodity traders in Singapore, where Havona has set up its Asia office.
According to Enterprise Singapore; There are approximately 400 global traders based in Singapore, registering some US$1.6 trillion in offshore trade, financed by over 200 banks.
Rupert Sayer, Co-Founder & CEO of GTRV, adds: “We are pleased to welcome Havona into our global community of traders, lenders and tradetechs. Havona’s new Singapore footprint will allow the company to reach out to a critical mass of SME commodity traders in Asia who require simple and affordable tools for trade risk and operations management.”
Press enquiries:
info@havona.io
About Havona
Havona Technology is a post-trade platform designed initially for participants within the US$5 trillion global commodities services market. Its platform facilitates fully end-to-end digital trade from T+0 through to settlement. The principle product empowers principal parties, their counterparts and collaborators, including financial institutions, to exchange legally compliant, cryptographically secure electronic transferable records from T+0 through to trade settlement.
www.post-trade.com
Winner of ’Best TradeTech Award‘ during Global Trade Review’s GTR Asia annual trade event in September 2024 at Marina Bay Sands, Singapore.
About GTR Ventures
GTR Ventures (GTRV) is the world’s first venture-building and investment platform specialised in trade and supply chain. In exclusive partnership with Global Trade Review (GTR), the world’s leader in global trade and trade finance intelligence, publishing, news, networking and events, GTRV enjoys a presence in London and Singapore. GTR has a proprietary network of over 60,000 decision makers in trade finance, treasury and insurance and organises events annually in cities across five continents, including New York, London, Cairo, Nairobi, Lagos, Cape Town, Dubai, Mumbai, Singapore, Stockholm, Istanbul, and Geneva.
