# Contour Pte.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/contour-pte

- Industry: Financial Services
- Headquarters: Singapore, Singapore
- Website: www.contour.network
- Total disclosed funding: $40M
- Latest round: Series A (Dec 17, 2021)
- Investors on record: 14

## About

Founded in 2019 and based in Singapore, Global Trade Nework PTE LTD, formerly known as Voltron, operates Contour, an open trade finance network. The company focuses on offering an open network of banks, corporates, services, and parternships for letters of credit that are used in global export transactions. The company was established by a consortium of global banks, including HSBC, ING, and Standard Chartered. In February 2024, xalts, a portfolio company of AG Build, Accel and Citi Ventures, fully acquired Contour Pte. Ltd. from Bain & Company, Citi Ventures, Bangkok Bank, BNP Paribas, Cryptoblk, CTBC Venture Capital, HSBC Bank, ING Wholesale Banking, R3 Venture Partners, SEB Venture Capital, Standard Chartered Bank, Sumitomo Mitsui Banking Corporation and TIS Inc.

Contour's flagship product is its blockchain-based trade finance platform, which offers a suite of solutions designed to address the problems of traditional trade finance processes. One feature of the Contour platform is a distributed ledger technology that enables the exchange of trade finance data and documents among all parties involved in a transaction. This includes buyers, sellers, banks, and other financial institutions. In addition to its core trade finance solutions, Contour also offers a range of complementary services, including supply chain financing, trade finance data analytics, and integration with other enterprise systems.

Contour's primary revenue stream is derived from the fees it charges for the use of its blockchain-based trade finance platform. The company operates on a subscription-based model, where clients pay a recurring fee to access the platform and its suite of services.

## Funding rounds

- Series A, Dec 17, 2021, $18M — Bangkok Bank, HSBC Bank, SEB Venture Capital, Sumitomo Mitsui Banking Corporation, CTBC Bank, Citi Ventures, TIS Inc., BNP Paribas, R3 Venture Partners
- Series A, Apr 30, 2020, $21M — Bangkok Bank, HSBC Bank, SEB Venture Capital, ING Wholesale Banking, CTBC Venture Capital, Citi Ventures, Bain & Company, BNP Paribas, Standard Chartered Bank, R3 Venture Partners, Cryptoblk

## Investors

- Bangkok Bank — Series A
- HSBC Bank — Series A
- SEB Venture Capital (https://capitalatlas.ai/funds/seb-venture-capital) — Series A
- ING Wholesale Banking (https://capitalatlas.ai/funds/ing-wholesale-banking) — Series A
- CTBC Venture Capital (https://capitalatlas.ai/funds/ctbc-venture-capital) — Series A
- Citi Ventures (https://capitalatlas.ai/funds/citi-ventures) — Series A
- Bain & Company — Series A
- BNP Paribas — Series A
- Standard Chartered Bank — Series A
- R3 Venture Partners (https://capitalatlas.ai/funds/r3-venture-partners) — Series A
- Cryptoblk — Series A
- Sumitomo Mitsui Banking Corporation — Series A
- CTBC Bank — Series A
- TIS Inc. — Series A