Singapore, 12 Nov 2024 – Olea Global Pte Ltd (Olea), a Singapore-based digital infrastructure platform is pleased to announce that it has secured US$100 million of warehouse financing from HSBC, one of the world’s leading financial institutions, and Manulife | CQS Investment Management (Manulife | CQS), a global multi-strategy credit-focused asset manager, headquartered in London.
The facility will provide Olea with additional liquidity to grow its business.
Amelia Ng, CEO of Olea, said: “This financing arrangement is a pivotal moment for Olea. Securing this US$100 million facility from HSBC and Manulife | CQS marks a major milestone for our company. This is a testimony to our effort in building a trusted platform for participants of global trade. We are excited about the new opportunities this brings as we continue to scale and grow.”
The support from HSBC and Manulife | CQS reflects their confidence in Olea’s business model, operational capabilities, and long-term growth potential.
“Olea has demonstrated remarkable growth and resilience in a competitive market. We are glad to be able to support their growth with this financing facility which will provide them with the resources needed to continue their expansion. This also underscores HSBC’s continued commitment to support new economy businesses who provide innovative solutions in this region to thrive,” said Jessica Wu, Head of Non-Bank Financial Institutions (NBFI) at HSBC Singapore.
“Our mezzanine financing is designed to provide Olea with the flexibility required to execute its strategic plans. We are excited to be part of their journey and for the opportunity to contribute to their ongoing success,” said, Jason Walker, Co-CIO, Manulife | CQS.
Olea looks forward to leveraging this facility to further strengthen its market position and explore new opportunities that will benefit both its clients and partners. The company’s digital infrastructure platform is more than a technological solution—it is a catalyst for economic growth. Through its innovative approach to trade finance, Olea aims to transform the landscape for smaller suppliers in developing and emerging markets, bridge the financing gap, and foster greater economic inclusion.
About Olea Global Pte Ltd
Olea is a digital infrastructure platform that directs global liquidity to support trade and supply chain finance. Olea was incubated within SC Ventures. Olea builds trust in trade finance. We adopt robust risk management and governance that is compatible with international financial institutions; we innovate the delivery of trade finance as an asset class to access wider liquidity pools, and we leverage advanced technology to remove the friction in trade finance. Olea’s vision is to empower sustainable trade. We have a strong conviction in the role of trade to support sustainable economic development across countries, particularly emerging markets in Asia where many smaller suppliers are based. Olea supports suppliers and buyers across 35 countries. For more information on Olea, please visit our website at https://olea.net/#about-olea
About The Hongkong and Shanghai Banking Corporation Limited
The Hongkong and Shanghai Banking Corporation Limited is the founding member of the HSBC Group. HSBC serves customers worldwide from offices in 60 countries and territories. With assets of US$2,975bn at 30 June 2024, HSBC is one of the world’s largest banking and financial services organisations.
About Manulife | CQS Investment Management (Manulife | CQS)
Manulife | CQS, a company of Manulife Investment Management, is a multi-sector alternative credit manager. The firm has a 20+ year history of managing research-driven credit strategies over multiple market cycles, with core capabilities that span corporate credit (loans and bonds), asset backed securities, regulatory capital, collateralized loan obligations and convertible bonds. Our ambition is to continue to help investors achieve their goals across market cycles by selecting good quality credits and generating income. We are committed to building enduring partnerships with investors, generating long-term risk-adjusted returns and delivering high levels of service, tailoring mandates across a range of return objectives and risk appetites. For additional information, please visit cqs.com.
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Brian Lavery
Chief of Staff
Olea Global Pte Ltd
