Supply chain financier VoloFin secures $50-M from US bank

Singapore-based supply chain financing firm VoloFin has secured a USD 50 million loan from one of the top five banks based in the US. It aims to increase this funding limit to USD 150 million over the next two to three years.The company aims to offer Small and Medium Enterprises (SMEs) lending solutions and manage supply chains using financial instruments and technology.Founded in 2020, VoloFin offers blockchain-powered invoice financing for SMEs in Singapore, India, and the US.