Kingful Ventures invests in eCOM Registry

SINGAPORE, August 7, 2023 -- Kingful Ventures has made a private investment in eCOM Registry Pte. Ltd, an innovative fintech firm redefining the use of trusted non-traditional data to drive trade financing.

Andy Tung, Director of Kingful Ventures, expressed his excitement about the new partnership. "Many FinTech’s are only focused on streamlining existing trade finance processes, whereas eCOM Registry appears to be the only company focused on using 'Trade and Logistics shipment data' as the basis for trade finance. Their market strategy involves working within the container shipping industry to offer data-driven financing to the many logistics service providers and shippers that constitute the ocean terminal community—a strategy that can be easily replicated in global markets."

Horace Mak, CEO of eCOM Registry, echoed Tung's enthusiasm. "We are delighted to have Kingful Ventures onboard as our strategic investor," Mak said. "Andy shares our ambition to shape the future of data-driven financing. His wealth of experience, family credibility, and broad business network will undoubtedly help us achieve our strategic objectives and deliver more value to our clients. We are excited about the journey ahead and the possibilities this partnership opens up."

Kingful Ventures' investment into eCOM Registry will allow them to develop credit financing risk models that can help lenders automate the risk analysis process and offer pre-approved financing to a large community of borrowers.

About Kingful Ventures

Kingful Ventures is affiliated with Andy Tung, who is the former CEO of Orient Overseas Container Lines (OOCL) from 2012 to 2018, when the Tung family held majority ownership of Orient Overseas International Limited in Hong Kong. He is also the son of Tung Chee Hwa, the first Chief Executive of the Hong Kong Special Administrative Region.

About eCOM Registry

eCOM Registry, headquartered in Singapore and has offices in Hong Kong, Shanghai, Australia and Philippines, provides a FinTech platform, based on Blockchain, that aggregates trusted data from multiple sources to drive credit risk analysis, whilst maintaining ownership, privacy and control. The platform transforms the way lenders source and qualify SMEs for trade finance. We partner with lenders and large trading communities, like ports and free trade zones, to bring trade finance to thousands of SMEs.