This one's for the MSMEs! Here's Proxtera. Founded in Singapore, they're here to give MSMEs access to global trade. Now, they've just raised the first close of their seed round.

Investor check. Ant Group, CerraCap Ventures, and EDBI joined in!

• They last raised funding in 2020 in a round led by CerraCap.

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🕰️ The backstory

Proxtera was born from the global "Business sans Borders" initiative led by the Monetary Authority of Singapore (MAS) and Singapore's Infocomm Media Development Authority (IMDA). 

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🤓 How it works

They're here to support MSMEs by building digital products and services for the end-to-end digital trade journey for B2B trade. 

Trusted data. They're building a global dataset of trusted MSMEs and their credentials so that Proxtera partners can access them faster and safer while allowing these MSMEs to access more global trade opportunities.

Finance. They have EMCX, which makes it easy and cost-effective to view and compare foreign exchange prices, so you can pick the FX payment partner with the best rates at the time.

• Plus, they've got a network of financing partners who can help you with anything from purchase order funding and invoice discounting to working capital.

Trade solutions. Their trade hub allows B2B sellers to list their products on the Proxtera network while allowing buyers to access a wide range of products with an easy buying experience.

• Buyers can access goods from trusted local MSMEs in Africa, ASEAN, and South Asia.

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🌏 MSMEs taking on the world

With the new $$$, they'll be developing their current digital cross-border trade and financial services products, with new products to come. It's also for hiring and expansion to select global markets.

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