Polytrade is a Web3 protocol focused on making global trade more transparent by putting trade documents and counterparties on-chain. Its initial modules include a financing arm that brings real-world yields onto Web3 and provides SMEs and large corporations access to working capital and invoice financing. The platform has processed about 2 million invoices to date. Founder and CEO Piyush Gupta says the company focuses on institutional players while remaining open to retail users. Polytrade plans to expand into Latin America, the U.S., and Europe and to continue building models to shift the entire trading supply system onto the blockchain. The company projects a $50 million trade financing book in 2023, $200 million in liquidity into its lending protocol next year, and over $1 billion in trading ecosystem volume.

Total raised

$4M

Funding rounds

1

Latest round

Seed

Latest activity

Mar 2023