Vesl - About the company
Vesl is a seed company based in Singapore (Singapore), founded in 2016 by Ledesma Maureen Nova Chua, Yroen Guaya Bontigao Melgar, Manipon Jessica Jardeleza and Ronalyn Corsino. It operates as a Trade credit insurance provider. Vesl has raised an undisclosed amount in funding from Startupbootcamp. The company has 30 active competitors, including 12 funded and 4 that have exited. Its top competitors include companies like Taulia, Olea and Contour.
Company Details
Vesl enables SMEs to avail invoice financing by offering trade credit insurance. The company operates an online marketplace connecting borrowers, insurers, and financiers. Vesl underwrites the credit insurance using its internal underwriting system and distributes it online as a pay per transaction scheme.
- Website
- vesltradefinance.com
- Social
- Email ID
- *****@vesltradefinance.com
- Phone Number
- +65 **********
- Registered Address
- 12 EU TONG SEN STREET #08-169 THE CENTRAL SINGAPORE 059819
Key Metrics
Founded Year
2016
Location
Singapore, Singapore
Stage
Seed
Latest Funding Round
Investors
Ranked
12th among 30 active competitors
Employee Count
8 as on Jul 01, 2024
Similar Companies
Legal entities associated with Vesl
Vesl is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
VESL PTE. LTD CIN: 201710700H , Singapore, Active | Dec 31, 2015 | - | - |
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Vesl's funding and investors
Vesl has raised funding over 1 round. Its latest funding round was a Seed round on Apr 03, 2017 for $*****. 1 investor participated in its latest round. Vesl has 5 institutional investors.
Here is the list of recent funding rounds of Vesl:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Apr 03, 2017 | 6816982 | Seed | 9346021 | 6841672 | 8581207 | 1909882 |
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Vesl's founders and board of directors
Founder? Claim ProfileThe founders of Vesl are Ledesma Maureen Nova Chua, Yroen Guaya Bontigao Melgar, Manipon Jessica Jardeleza and Ronalyn Corsino.
Here are the details of Vesl's key team members:
- Ledesma Maureen Nova Chua: Co-Founder & CEO of Vesl. They serve on the board of 1 company.
- Yroen Guaya Bontigao Melgar: Co-Founder of Vesl. They serve on the board of 1 company.
- Manipon Jessica Jardeleza: Co-Founder of Vesl. They serve on the board of 1 company.
- Ronalyn Corsino: Co-Founder of Vesl.
Vesl's Board of Directors
Vesl's board has 7 active members. Ledesma Maureen Nova Chua, Yroen Guaya Bontigao Melgar and Manipon Jessica Jardeleza are part of team and Antonio Penales Intal, Cecilia Penales Intal, I-wu Wang and Chew Yu Sing are independent board members.Here is the list of Vesl's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 8y 11m | |
Team | - | Current | 8y 11m | |
Team | - | Current | 8y 11m | |
Independent board member | - | Current | 7y 0m | |
nekahfs | Independent board member | - | Current | 8y 5m |
ergrzjd | Independent board member | - | Current | 4y 8m |
njikqwi | Independent board member | - | Current | 5y 9m |
{w{adek | Independent board member | - | Past | 1y 8m |
View details of Vesl's Founder profiles and Board Members
Vesl's employee count trend
Vesl has 8 employees as of Jul 24. Here is Vesl's employee count trend over the years:
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Vesl's Competitors and alternates
Top competitors of Vesl include Taulia, Olea and Contour. Here is the list of Top 10 competitors of Vesl, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Taulia 2009, San Francisco (United States), Acquired | AI-based electronic invoicing and supply chain management solution for businesses | $220M | 73/100 | |
2nd | Provider of digital trade finance platform connecting businesses with investors | $30M | 57/100 | ||
3rd | Blockchain network for managing trade-related activities | - | 54/100 | ||
4th | Operator of invoice financing marketplace connecting businesses with working capital | $21M | 49/100 | ||
5th |  Validus Group 2015, Singapore (Singapore), Series D | Online platform providing digital lending solutions for small and medium-sized enterprises (SMEs), aiming to bridge the funding gap in the market | $138M | 47/100 | |
6th | Provider of supply chain finance solutions, including invoice and PO financing | - | 46/100 | ||
7th |  Shengye Capital 2013, Shenzhen (China), Late Stage | Online marketplace for supply chain financing | - | 44/100 | |
8th |  CCRManager 2016, Singapore (Singapore), Series A | Online platform for secondary trade finance | $8.61M | 41/100 | |
9th | Supply chain solution for optimal asset sharing between governments, citizens & industries | $1.8M | 41/100 | ||
10th | Provider of SaaS-based investment platform for financial institution | $5.96M | 37/100 | ||
12th | Trade credit insurance provider | - | 35/100 |
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Vesl's Investments and acquisitions
Vesl has made no investments or acquisitions yet.
Reports related to Vesl
Here is the latest report on Vesl's sector:
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