Potential Market Opportunity
Potential Opportunity for Trade Finance Services to SMEs
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.
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.
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