US-based fintech LiquidX has announced it is expanding its European operations by establishing operations in France, led by its managing director of product, Alison Kao. 

LiquidX, which is headquartered in New York and already has operations in Boston and London, provides an AI-powered platform for finance professionals that digitises trade finance and working capital management processes. 

The expansion into Paris “offers an opportunity to tap into France’s expanding fintech ecosystem, as both French and wider European financial institutions increasingly seek digital solutions to modernise their trade finance capabilities”, the company says. 

It has already partnered with Crédit Agricole and says establishing a presence in France will “allow the firm to better serve its growing network of European banks and asset managers”. 

Kao, who has been at LiquidX since 2019, is relocating from New York to Paris for the role. She previously spent 11 years at Bank of America, including as vice-president, global product manager for global trade and supply chain. 

“The European market presents tremendous opportunities for trade finance innovation,” she says. 

“Our platform’s ability to digitise, automate, and optimise working capital solutions – without significant infrastructure investment – addresses real pain points for European banks.” 

LiquidX says more than US$76bn of trade finance transactions have been processed using its technology since the 2021 financial year. 

In 2022, the company attracted strategic investment from Citi as part of a funding round led by Broadridge.