
Vesl
Contact Information
Contact person: Maureen Nova C. Ledesma
Email address: [email protected]
Contact number: (SG) +65 6829 7047 / +63 2543 7543 (PH)
REGION
Asia and ANZ
Award Category
The Digital Insurer Startup InsurTech Award
• We’re innovating the way trade credit insurance is being distributed to the market. It has been created and offered the same way in the last 150 years by insurers who request for upfront premium payment. Through our platform, we are able to automate a pay per invoice offering.
• Our platform is the first of its kind, with the flexibility to integrate data into distributed ledger technology.
• Our platform which facilitates the distribution of trade credit insurance on a pay-per-invoice scheme, is easy to use, secure, fast, and fully digital.
• We aim to address the challenge of better financial inclusion - there is a USD 1.5Tn trade finance gap and more than 50% of that amount is from SMEs and from Developing Asia. Our platform that allows for pay per invoice trade credit insurance aims to help close this gap.
• We envision a world that gives equal opportunities to SMEs to secure their transactions and mitigate their risks in expansion, and trade credit insurance within their reach is just one step towards our greater goal.
• Developing Asia is a “difficult” and challenging region. But this is the region that is starving for opportunities in trade finance. We are not backing down.