This week Harbor announced an expansion of its operations to Mexico through a unique network partner model enabling swift growth and further capturing the LatAm trade finance market. Harbor, a fintech with a focus on receivables and supply chain finance to SMEs, offers its network partners an innovative platform to provide trade finance products in their respective markets.
“Expanding our footprint into Mexico was an obvious first choice given the massive addressable market. We are excited about the opportunities in the SME segment in Mexico,” said Bryan Maloney, CEO at Harbor.
Localization is critical to the growth of our ecosystem. We now have a local presence to originate and service our clients in Mexico and expect exponential growth in the market.
Harbor is the engine through which SME's can access cost effective, user-friendly and efficient financing for trade. In addition to working capital, the HarborTrade platform offers automation tools to improve visibility and operational efficiency among trading partners.
Harbor also provides a platform for retail investors, DeFi protocols and other traditional market participants to support such funding activities. With its unique distributed origination and distribution model, Harbor seeks to provide healthy risk-adjusted returns in support of ever-growing trade flows.