Potential Market Opportunity
Potential Opportunity for Trade Finance Services to SMEs
Last updated
Potential Opportunity for Trade Finance Services to SMEs
Last updated
Trade Finance has existed since the inception of the financial industry. Currently, the industry is sized at $7 Trillion. However, a significant opportunity yet remains untapped. This is known as the Trade Finance Gap.
In simple terms, Trade Finance Gap is the excess Demand compared to the Supply of Trade Finance.
Trade Finance Gap = Demand of Trade Finance - Supply of Trade Finance
A survey conducted by WTO (World Trade Organization) shows that the Trade Finance Gap has increased significantly over the years and currently stands around $1.7 Trillion.
This gap majorly forms the Trade finance demands of SMEs (Small and Medium Enterprises), which banks and institutions usually ignore for several reasons.
Polytrade strives to become the Number 1 platform for SMEs Trade Finance requirements.