Global fintech venture 129Knots has launched with a $10 million investment from Sing Fuels, aiming to revolutionize origination to distribution (OTD) finance. The venture leverages proprietary technology to enhance liquidity solutions and transform supply chains into high-value assets. It utilizes a data-driven credit engine, Tribal Knots, which harnesses machine learning for insights into buyer behavior and transaction patterns. Supported by Singapore's Economic Development Board and partners like McKinsey, 129Knots seeks to address the $2.5 trillion gap in trade finance, offering an array of next-gen financial solutions such as asset tokenization and blockchain technology.
129Knots is set to revolutionize the finance industry with a focus on innovative origination to distribution (OTD) technology designed to enhance liquidity solutions.
The proprietary data-driven credit engine, Tribal Knots, utilizes machine learning to analyze structured and unstructured data for real-time insights into transaction behaviors.
Through strategic backing and a solid market opportunity validation by McKinsey & Company, 129Knots aims to bridge the $2.5 trillion gap in trade finance.
The launch is part of Singapore's efforts to support fintech innovation, positioning itself as a global hub through the EDB Corporate Venture Launchpad program.
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