News | February 11, 2022

Harbor Opens Up Shop in Mexico, Expanding Trade Finance Offering

Harbor grows operations by providing partners in key markets with turnkey platform for trade finance.

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 synergies created through our partnership with Kampala,” said Bryan Maloney, CEO at Harbor. “Local knowledge is critical to the growth of our ecosystem and the Kampala team are seasoned veterans in origination and risk management in the SME lending space in Mexico.”

About Harbor 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. Utilizing technology at its core, Harbor partners with local asset originators and lenders worldwide to onboard buyers and suppliers who have been left behind by more traditional financial institutions.

Harbor also provides a platform for retail investors, DeFi protocols and other traditional market participants to support such funding activities. With its unique blockchain based funding and distribution model, Harbor seeks to provide healthy risk-adjusted returns in support of ever growing trade flows.

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