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3S Money launches trade finance fund to supercharge SME global trading

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  • Fund set to lend at least £100m to SMEs over the next three years
  • 3S Money on mission to help small businesses from a wide variety of jurisdictions go global
  • Financing provided by Dutch fund, FGR 3S Global Trade Finance Fund, which is managed by 3S Money’s Dutch subsidiary, 3S Capital Partners B.V.

3S Money, an authorised Electronic Money Institution (EMI) regulated by the UK’s FCA, today announces the launch of a trade finance fund – FGR 3S Global Trade Finance Fund – set to lend at least £100m to SMEs over the next three years. The fund, managed by 3S Capital Partners B.V., a wholly owned Dutch subsidiary of 3S Money, is designed to help importers and exporters expand their businesses into new markets and trade more easily around the world.

Trade finance is typically only offered by traditional banks to large enterprises. The existing digital offerings do not provide meaningful cross-border trade finance and limited access to international payments infrastructure often restricts how far or quickly smaller companies can expand their operations.

The launch of this fund and 3S Capital Partners’ financing expertise makes it easier for smaller companies from a wide variety of jurisdictions to access critical capital infrastructure. The fund will help them trade overseas, scale faster, increase their revenue and get closer to their international customer base.

Multi-currency loan facilities for importers and exporters will start from £250,000 and have flexible duration. The fund has already successfully completed its first trade financing deal of EUR 2 million, helping an Estonian trader expand its agricultural commodities exports to Belgium and the Netherlands.

Ivan Zhiznevskiy, CEO of 3S Money comments, “Millions of mid-sized businesses are prevented from trading globally, falling off the radar of domestic focused banks, new or old. We’re on a mission to help small businesses go global.

“In 2022, finance needs to be more inclusive. All businesses, regardless of size, deserve easy to access financial support. This is why we’re launching our trade finance fund – to take the pain out of global trading and enable businesses from around the globe to expand their business, increase revenue, and contribute even more to the global economy. This trade finance offering is a natural extension of the 3S Money payment services ecosystem, building on the group’s proven track record and expertise in facilitation of global trade flows.”

Launched in 2018, 3S Money has already reached profitability. The fintech scaleup connects corporations to their customers globally by providing them with local business accounts to send and receive funds through all major payment rails. After launching in the UK, 3S Money now provides local UK, Netherlands Luxembourg, Germany, Denmark and US accounts to entrepreneurs in over 190 countries.

 

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Fractional NFTs- A Positive Impact on the Market

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Non-Fungible Tokens (NFTs) have been making headlines for quite some time now. The phenomenon is getting a lot of attention from people across the world. NFTs generally cost a fortune but thanks to Fractional NFT(https://www.mesha.club/fractional-nft/) (F-NFT), people can acquire expensive assets for a few bucks.

 

What Are Fractional NFTs?

In simple words, Fractional NFT is a non-fungible token that has been divided into smaller fragments. Hence, different people can claim partial ownership of the same NFT. To understand this concept of NFT investing(https://www.mesha.club/nft-investing/), take an example of a cake that is sliced to serve several people. Considering that NFTs are unique and can’t be duplicated, fractional NFTs go beyond these restrictions by enabling people to divide their ownership.

 

Difference Between F-NFT(Fractional NFT) and Traditional NFT

A fractional NFT or segmented NFT represents a certain percentage of ownership or portion of an NFT. A traditional NFT is a whole while F-NFT is a part of it. Moreover, the segmentation process can be reversed to convert fractional NFT into a complete NFT. A single NFT with a buyback option allows the investor to purchase all the shards and acquire the original NFT.

To convert fractional NFT ownership into a single NFT ownership, the holder must initiate a buyback option by transferring a certain amount of ERC-20 tokens to the smart contract. This triggers a buyback auction which will happen in a fixed period. Therefore, allowing some time for NFT holders to make a decision. In case a purchase takes place during that period, fractions of the NFT are returned automatically to the smart contract and the buyer will have complete ownership.

 

Advantages of Fractional NFT

Democratization

The NFT market restricts small and medium investors as the assets are mostly high valued. So, only a few of them can afford to buy these NFTs. However, fractional NFT benefits newcomers and small investors by reducing the cost of the assets and opening up more opportunities for them.

Greater Liquidity

For a high-priced NFT, you have to wait for a wealthy investor who can afford it. F-NFTs are more accessible and easy to sell as you can split the ownership of an ERC-721 token into multiple ERC-20 tokens and sell each of them individually.

Price Discovery

With no or limited transaction history, it is difficult to find the right price for a whole NFT. However, splitting it into smaller tokens make it affordable and more people can trade the asset. Hence, making it easier for investors to assess its true value.

Increased Visibility for Creators

A fractional NFT has a more liquid market that lets digital creators go online and reach a wider audience.

 

Industries F-NFTs Can Potentially Disrupt

Art

Digital artists along with NFT owners will have the option to divide their assets into smaller segments and sell each F-NFT portion individually to investors. Thus, emerging artists can also easily sell their digital artworks in the market easily.

Gaming

Games that involve trading cards can also seek the benefits of the NFT market. People can sell their cards for impressive amounts. Also, they can auction their in-game items, such as guns, rare skins, and armor through F-NFT and sell rare gaming products to multiple buyers by fractionalizing them.

Collectibles

One of the popular fractional NFT use cases is collectibles that have great potential with crypto being sold for over $1 million. Recently, a collection of 50 CryptoPunks was offered for sale after being fractionalized. This allowed small investors to acquire the asset and get a share in the collection.

Domain Names

With the evolution of the crypto market, the domain names like .crypto and .rth are in demand. So, rare and popular domain names can be fragmented and sold to different buyers.

Real Estate

Luxury properties that were too expensive to afford earlier are now accessible to more people. These high-valued properties can be fractionalized into F-NFT so multiple investors can acquire them. Also, there will be no need for mortgages as tenants could hold different parts of the property together.

Music

The music industry is making the best of fractional NFTs as music artists can fractionalize their albums and sell them to fans without involving third parties. This also resolves the problem of the direct artist-to-fan relationship.

The concept of fractional NFT is still in its initial phase but we can expect it to grow rapidly and become the next trend in the crypto market. F-NFTs open more opportunities for small and medium investors to acquire digital assets at affordable prices. They can easily invest in valuable assets that have the potential to offer many-fold returns in the future. Also, it will encourage people to start their NFT journey without delay as they need not have millions of dollars to buy popular NFT pieces.

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Four tech IPOs you haven’t heard of that are likely to go public

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With the tech sector expanding drastically, Maxim Manturov, Head of Investment Advice at Freedom Finance Europe, explores four unfamiliar IPOs likely to go public that investors should watch.  

The technology sector is constantly evolving and making ground-breaking advancements that are shaping life as we know it. Helping with education, user experience, information storage, communication, and many more areas, technology is designed with what it can bring the user in terms of convenience.

With a sector of immeasurable popularity, comes a colossal number of companies investors must shuffle through. It is important to remember that name popularity does not always equal a good return on investment. All public companies begin from the same starting point and have tofile for an IPO. With media attention usually focusing on a few set names, we wanted to bring something new to the table for investors.

What are the new tech IPO investors can watch out for?

Trax Image Recognition was founded in 2010 and is currently headquartered in Singapore. Trax focuses on delivering technology that carries out merchandise scanning using a mobile app and specialised high-tech cameras. Operating in more than 90 countries, Trax delivers sale control and efficiency for some of the most well-known brands in the world including Coca-Cola, Unilever, Shell, and Heineken. Currently, Trax is a leader in its sector, holding 23 patents, and is included in Deloitte’s Technology Fast 500. Recently, Trax announced the acquisition of Qopius, a Paris-based company that provides in-store technology solutions using artificial intelligence in Europe. This new acquisition helped the company come to a valuation of more than £1.6bn($2bn).

Cohesity is a ‘secondary data storage’ company located in San Jose, California. Founded in 2013, Cohesity provides its customers a sanctuary to store non-critical data, such as backups, development copies, and analytics. Their primary customers include Cisco Systems Inc. and NASA whereby they provide data management services. Cohesity has filed with the U.S. Securities and Exchange Commission (SEC) for an IPO with a preliminary market valuation of £2.9bn ($3.7bn), a significant increase from its £2.2bn ($2.5bn) valuation last year. Cohesity’s total funding is £340m ($420m), and investors may see the IPO take place in the next couple of months.

Byju’s is an Indian startup company that has developed an educational app with a focus on the Indian and U.S markets. As of December 2021, it has more than 115 million registered users. Byju’s founders Bew Ravindran and Divya Gokulnath said the company could have had a revenue of £1bn ($1.3bn) in 2021. As of December 2021, the startup was valued at $21 billion($21bn), making it India’s most expensive startup and one of the most expensive EdTech projects globally. Byju’s expects a valuation of more than £36.4bn ($45bn) according to TechCrunch. The total investment over time has been £3.6bn ($4.5bn) and is due to go public at the end of 2022.

Rubrik is a technology startup company founded in 2014, based in Palo Alto, California. Rubrik specializes in cloud-based data management software and is the fourth biggest player in the data management and storage market. They have recently acquired a Seattle-based data management company called Igneous Software Systems. With this new acquisition, and as of the last funding round, Rubrik has a valuation of £2.7bn ($3.3bn). With total funding of £444m($553bn), Rubrik is one of the industry’s largest privately-held data protection software providers and is a company investors should keep their eyes on over the coming months.

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