Secro reports that it has closed a $10 million Series A funding round to support the continued development of its AI trade finance platform for the global commodities supply chain.
The round was led by Assembly Ventures and Sway Ventures, with participation from maritime stakeholders including Signal Group and Wilhelmsen, alongside Innoport, TMV, Augment Ventures and other strategic backers.
Secro’s system is designed to digitise and automate paper-based trade workflows, offering tokenised digital documentation, real-time execution, and compliance support to reduce transaction risk and improve capital efficiency.
The company says that more than $1 billion in shipments has already been digitised through its platform.
“Trade finance remains reliant on outdated processes that increase fraud, delay transactions, and inflate capital costs,” said Michele Sancricca, co-founder and CEO of Secro.
“Secro was created to change that. This investment allows us to scale a globally trusted platform that reduces friction, unlocks liquidity, and introduces real security to global commerce.”
Secro is based in Charleston in the US, with technology operations in Europe and a new EMEA headquarters set to be opened in Geneva. The funding will be used to expand integrations with insurers, lenders and other digital platforms, and to support further development of its AI engine for dynamic risk assessment, fraud detection, and real-time underwriting.
