Company Research Report: Bolero International

Company Overview

Name: Bolero International

Mission: To facilitate safer, smarter, and faster global trade through cutting-edge technology. Bolero International aims to connect corporates efficiently with their logistics partners and financial institutions globally, reducing the risks and costs of global trade while improving operational efficiencies.

Founded: Established in 1998.

Founders: Founded by SWIFT and the global logistics and insurance industry.

Key People: No information available.

Headquarters: Chancery House, Chancery Lane, Holborn, London, WC2A 1QS, United Kingdom.

Number of Employees: No information available.

Revenue: No information available.

Known For: Leading cloud-based platform for digitising global trade, particularly through the use of electronic Bills of Lading (eBL).

Products

1. Bolero eBL-as-a-Service

Description: Embeds electronic bills of lading into platforms, allowing users to access eBL services via secure APIs.

Key Features:

Streamlined management of eBL events such as notifications, title transfer, and amendments.

Access to a network of over 200 carriers globally.

Integration with blockchain trade platforms for enhanced interoperability.

2. Bolero for Carriers and Logistics

Description: A digital portal providing solutions for carriers to manage and track global trade services.

Key Features:

Reduces costs and minimizes risks compared to paper-based bills of lading.

Secure management of eBLs under a globally accepted legal framework.

Can be integrated with existing systems or used as a standalone web solution.

3. Galileo Multi-Bank for Corporates

Description: Multi-bank trade finance portal connecting corporate clients with trade partners and banks.

Key Features:

Central management of Letters of Credit, Guarantees, Open Accounts, and ePresentations.

24/7 secure digital access to services across various departments and geographic locations.

Compliant with SWIFT standards and supports collaboration with multiple banks.

4. Galileo TPaaS for Banks

Description: White-labelled trade finance portal for banks to enhance customer experience and accelerate digitisation.

Key Features:

Provides a branded, intuitive digital experience.

Access to over 200 carriers and comprehensive banking services.

Offers enhanced customer engagement and rapid deployment.

Recent Developments

New Partnerships

CHIMEI Partnership: In 2022, Bolero partnered with CHIMEI Corporation to utilize Bolero’s trade finance platform, streamlining their transaction process.

New Products and Features

Galileo TPaaS for Banks: Launched as a white-labelled solution to offer banks a tailored trade finance portal.

Technological Advancements: Continued growth in eBL issuances reflected by significant increases in 2023 and a promising start to 2024.

Industry Innovations

Blockchain Commitments: Bolero’s investments in blockchain partnerships enhance its interoperability and service reach.

Leadership in Digitisation: Bolero continues to lead in providing digital solutions to global trade transactions, maintaining momentum into 2024 with significant growth rates indicating doubled volumes compared to previous years.

Strategic Growth and Achievements

Bolero achieved the issuance of nearly 140,000 electronic Bills of Lading in 2023, with a strong start in 2024, underscoring its leadership role in trade documentation digitisation.

Conclusion

Bolero International stands out as a pioneering platform facilitating trade digitisation, with robust solutions like eBL services and comprehensive banking portals. Its strategic partnerships and continuous innovations position it as a leader in digital trade across the globe.