This strategic agreement aims to enhance BBVA’s presence beyond its existing markets in Europe, the United States, and Latin America by leveraging Olea’s international trade infrastructure.
The collaboration focuses on providing financing solutions for cross-border businesses, particularly simplifying processes while ensuring effective risk management. Through integration with Olea’s platform, BBVA seeks to increase credit availability for suppliers, especially mid-sized firms operating in emerging markets.
Currently active across more than 70 trade corridors, Olea links buyers and sellers in areas with limited access to capital. By combining its technology with BBVA’s SCF services, the partnership aims to streamline cross-border transactions for businesses navigating international markets.
Boosting Asia and Mid-Market Suppliers
BBVA is prioritizing investments in Asia due to its significance in supply chain transformation. The bank aims to offer financing solutions that support sustainability goals and international expansion efforts within the region.
BBVA’s teams will collaborate closely with Olea’s staff, focusing on major trade routes to expedite execution timelines. This structure reduces what previously took weeks into just a few days, while providing multinational clients tailored solutions adaptable to specific transactions and regions.
Both parties emphasize leveraging real-time data for faster decision-making across multiple currencies and jurisdictions. The combined platform’s ability to consolidate compliance, risk assessment, and financing is highlighted as crucial to the partnership’s success.
