Today blockchain trade finance firm we.trade announced that it will integrate with Italy’s CRIF Skyminder services, and CRIF will become a shareholder alongside existing investors IBM and twelve banks.
CRIF provides credit and financial information on more than 230 million companies globally and is one of the leading providers of bank credit information in Europe, which is we.trade’s initial target geography. CRIF had revenues of €557 million ($674m) in 2019. The firm is privately owned with a 10% stake held by outsiders, including three banks, BNL-BNP Paribas, Deutsche Bank and Banco BPM SPA.
“CRIF’s market leading business information and ratings services perfectly complement we. trade’s vision to make it easier for buyers and sellers to trade goods and services,” said Omer Ahsan, Chairman of we.trade.
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