we.trade Revenue and Competitors

we.trade Innovation DAC develops and licenses the world's first enterprise-grade blockchain-enabled trade finance platform. Through distributed ledger technology and smart contracts, we.trade makes it easier and more reliable for buyers and sellers to trade globally. Traders, particularly SMEs, who traditionally did not have access to bank guarantees, invoice financing and credit insurance, use we.trade to enhance their cashflow and digitise their existing paper-based processes. Companies are using we.trade's digital platform to address challenges such as the late payment of invoices, cyber fraud and where pre-payments are requested by sellers. we.trade is a joint-venture company owned by 12 European banks and IBM, with shareholders including CaixaBank, Deutsche Bank, Erste Group, HSBC, KBC, Nordea, Rabobank, Santander, Societe Generale, UBS and UniCredit. Commercially launched in January 2019, we.trade's technology is currently licensed by 16 banks across 15 countries.