As the world became more connected through the internet over the past decade, intensified competition in cross-border trades, payments has fueled e-commerce and boosted digital and financial inclusion. Cross-border B2C e-commerce market is expected to be worth ~$4.2 trillion by 2027 with double-digit CAGR of 28.4% over 2020-2027. In addition, Asia accounted for over 40% of more than $200 billion of global cross-border payment revenues, according to McKinsey’s Global Payments Map. The Asian cross-border payments and asset transfers landscape is experiencing profound transformation, exemplified by the rapid rise of numerous fintech companies. These fintechs are consolidating their expertise in payments and transaction banking, encompassing areas such as FX currency, trade, and treasury services utilizing new technology such as blockchain to create distributed exchange of value.
At Brassica Ventures, we envision an increasingly interconnected global economy driving the need for enhanced infrastructure, ultimately enabling more streamlined and cost-effective cross-border transactions, starting from the Asia-US axis. Leveraging our extensive global network and the unique backgrounds of our team members in both regions, we are committed to forging partnerships and exploring untapped opportunities in this space. Our goal is to identify initiatives with the potential to penetrate the global market and companies capable of operating on a global scale.
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