Green Link Digital Bank (GLDB) and 129Knots have partnered to launch a global embedded finance program designed to boost liquidity in the marine fuel sector. This initiative aims to tackle the significant multi-billion-dollar funding gap in the industry, a problem that traditional financing models often ignore due to the unique operational cost structure of marine fuel.
Vikash Dhanuka, Founder and Group CEO at 129Knots, emphasized that this collaboration directly addresses the lack of credit accessibility for marine fuel businesses. Melvin Teo, CEO of Green Link Digital Bank, added, “Through Embedded Financing partnership with 129Knots, we are breaking down traditional barriers and embedding financial solutions right where businesses operate.”
The initial phase of this program will leverage the 129Knots Origination-to-Distribution (OTD) platform to provide eligible borrowers with working capital financing lines. This partnership is being hailed as an industry first, introducing a liquidity framework specifically tailored to the marine industry’s operational needs.
Looking ahead, the collaboration will support the development of advanced financial products, including stablecoin-based settlements and programmable payment instruments. These solutions, powered by 129Knots, will improve transparency and connectivity throughout GLDB’s procurement, financing, and settlement processes.
Click here for more on Banking
