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To help businesses grow stronger by developing smarter, better connected and more inclusive supply chain relationships.
-18% employee growth in 12 months
The Marco Polo Network is a consortium of banks, fintechs and blockchain providers which operate as a blockchain platform for open account trade finance. The tech behind the platform was created by enterprise tech provider R3 and TradeIX - now simply known as Marco Polo.
The Marco Polo Network is one of a handful of high-profile consortia to emerge in the last few years in the hope of transforming the financial sector through blockchain tech – others include Komgo, we.trade, and Contour.
The latter three were able to launch earlier and may have had a head start, but what may give Marco Polo an edge is the fact that banks don’t need to commit huge sums of money to join, or indeed exit, as its software has already been licensed.
Since going live in 2020, the consortium has gained some major members including Microsoft and Mastercard. This is in keeping with the plan of targeting large enterprises initially, while also continuing to develop tools to help SMEs with both trade and supply chain finance.
Kirsty
Company Specialist at Welcome to the Jungle
Robert Barnes
(CEO)Prior to co-founding Marco Polo Network, Robert was CEO and co-founder of three different finance industry companies; Intelisys, PrimeRevenue, and Aradya.