In Singapore, GUUD (Finance) Pte. Ltd. has inked an agreement with Just Biodiesel Pty Ltd, a global supplier of biodiesel based in Australia and a member of Bioenergy Australia. The agreement marks GUUD’s first foray into the facilitation of trade finance for renewable energy, tapping on the company’s expertise in trade facilitation and logistics management for businesses and governments around the world.
GUUD was first launched in September 2020 under the vCargo Cloud umbrella with the intention to make global trade simpler, more efficient and more inclusive. As a strong supporter of sustainability, the company has worked on multiple digitalization projects that aim to reduce the complexities in global trade documentation and facilitation, easing restrictions and trade flows, bringing greater transparency and visibility into trade processes for smaller producers and manufacturers, and availing them greater access to cross-border trade.
GUUD Finance has been working closely with Just Biodiesel to explore asset-backed financing, implementing internet-of-things (IOT) for goods tracking and optimizing trade processes since the last quarter of 2020. The company has also been working with a reputed global supplier of fast-moving consumer goods, successfully completing its first asset-backed financing deal in early January this year.