LcLite: Incomlend acquires LC Lite to reach crypto and fiat investors

The Singapore-based invoice financing marketplace has acquired LC Lite, a blockchain-based trade finance marketplace, for an undisclosed amount. This acquisition will enable Incomlend to operate through a new fintech platform, reaching both crypto and fiat investors in the trade finance sector, in line with its expansion plans into the Middle East. Additionally, the deal will facilitate the integration of Web3 technology into Incomlend’s platform, thus introducing a new asset class.