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AgriFood Trade Solution DiMuto Raises US$2.35million Series A Funding to Advance Its Global Network and Agri-financial Services

[PRESS RELEASE]

AgriFood Trade Solution DiMuto Raises US$2.35million Series A Funding to Advance Its Global Network and Agri-financial Services

  • DiMuto, a global AgriFood trade solutions company from Singapore, bags US$2.35million in Series A funding led by The Yield Lab Asia Pacific. The Yield Lab is joined by SEEDS Capital, the investment arm of Enterprise Singapore, PT Great Giant Pineapple, Patrick Vizzone, Ocean Crests Investments, and Asia Capital Pioneers Group. Existing investors include SGInnovate and Latin Leap. DiMuto is also a portfolio company of PwC Singapore’s Venture Hub’s programme.
  • The latest funding validates recent progress and significant market opportunity, enabling DiMuto to scale up product development and meet growing demand for AgriFood trade visibility and trade financing.
  • DiMuto’s AgriFood trade solution unifies product, document and payments on a single platform, tracking the flow of goods along with respective flow of payments and creating a data-driven foundation for business visibility, trade financing, and insurance.
  • DiMuto’s AgriFood financing services tackle the US$1.9 Trillion global trade finance gap, estimated by experts to be as high as US$3.4 Trillion due to Covid-19, by making trade financing accessible to unbanked Small-Medium Enterprises (SMEs) in AgriFood trade that have long faced difficulties accessing formal financing due to factors like creditworthiness, collateral requirements, short-term liquidity, and political or currency risk.
  • By using proprietary technology developed using blockchain, cloud, IoT and AI to create combined visibility between movement of goods and movement of money on DiMuto Platform, DiMuto enables primary data collection for valuable insights allowing AgriFood business leaders to better manage their supply chain in a more efficient and sustainable manner.

Singapore, 21 September 2021 – DiMuto, a global AgriFood trade solutions company that provides end-to-end supply chain visibility for global AgriFood trade, today announced its successful US$2.35million Series A raise.  This round was led by globally prominent AgTech investor The Yield Lab Asia Pacific with participation from SEEDS Capital, the investment arm of Enterprise Singapore, PT Great Giant Pineapple, Patrick Vizzone, Ocean Crest Investments and Asia Capital Pioneers Group.  This round follows DiMuto’s pre-series funding in 2019 and 2020, which saw investments from SGInnovate and Latin Leap.

The Series A raise validates the company’s recent progress and significant market opportunity, despite the ongoing COVID-19 pandemic. Funds raised will enable DiMuto to scale up product development and meet the growing demand for AgriFood trade visibility as well as trade financing.

Creating product and data visibility for global AgriFood trade, DiMuto offers AgriFood supply chain stakeholders such as farmers, packers, exporters, traders, wholesalers, and retailers the ability to see the flow of goods and the flow of money associated with the flow of goods on a single Super Platform.  DiMuto effectively adds value by providing business intelligence with its ecosystem of applications and modules so that AgriFood companies can optimize their operations. The Super Platform generates up to 30% price premiums for traceable products as well as reduces up to 50% losses arising from trade disputes for its customers.

“DiMuto was really born out of my dual experiences of operating in the Finance world for 15 years and operating a global fresh fruits and vegetables marketer and distributor. During my ten-year stint in the food industry, I realized there’s an urgent need for business leaders to be able to see all aspects of their business right down to the granular detail of each box, each payment, and each receipt, as well as see the auxiliary service providers supporting their operations. Being able to capture and have the visual confirmation of such business data on a single platform helps business leaders run the organization better,” said Gary Loh, Founder and Chief Executive Officer of DiMuto.

DiMuto’s AgriFood trade solutions offer greater visibility through end-to-end global food supply chains, providing AgriFood business leaders with actionable insights that help them better manage their supply chain, both more efficiently and more sustainably. Complex yet siloed food supply chains have made it challenging for companies to maximize value from their supply chains and ensure adherence to green and sustainable practices. Globally, as revealed by a study from logistics company GEODIS, as many as 62% of companies worldwide have limited visibility of their supply chain, with only 15% of companies having visibility on “just in time” production and only 6% reporting full visibility.

“The Yield Lab is always looking for high-impact start-ups with technology solutions that sustainably revolutionizes the Global AgriFood system.  The benefits achieved in finding new innovation to increase yield in food production can only be felt if that food that is harvested, and processed, enters an efficient supply chain. The need for transparency of trade from farm to fork has long been discussed and desired, but yet still is not widely adopted.  What DiMuto has developed is technology that affordably integrates data into actionable insights, tracking the state of the trade while simultaneously providing meaningful value to each of the different constituents along the supply chain.  For the retailers, distributors, insurers, and the providers of transportation and with trade financing, with DiMuto finally a safe, efficient, accountable, and sustainable supply chain is now within everyone’s reach” said Claire Pribula, Co-founder and Managing Director of The Yield Lab Asia Pacific. “The fragility of global supply chains was made evident at the height of the COVID pandemic, causing significant supply chain disruptions. DiMuto provides the ability to smooth out irregularities, increasing the shelf life and diminishing food waste.”

“Asia Capital Pioneers Group sees immense potential for trade technology solutions like DiMuto. There are also synergies with our investment in payments fintech Aleta Planet, whose account issuance capabilities can power DiMuto’s e-wallet, to plug the payment component within DiMuto’s ecosystem. We believe this can be scaled to a much larger audience across the globe and are excited to be a part of this avant-garde technology,” said Mr. Ryan Gwee, Chairman of Asia Capital Pioneers Group.

With its Produce, Trade and Market modules, DiMuto provides visibility on product quality, documents, and payment records for each stage of the supply chain. From pre-shipment farm production through to post-shipment product receipts, DiMuto enables AgriFood companies to fully see their supply chain, providing essential quantitative data that helps them to monitor and manage Environmental, Social and Governmental (ESG) risks across their global supply chains. The ability to capture and organize such data also helps DiMuto’s financing services to verify that ESG standards are met as part of its green finance and impact investing initiative.

“PT Great Giant Pineapple prides ourselves on our green agricultural practices and putting our farmers at the heart of what we do. Having the ability to visualise our operations all on a single platform will certainly enable a global company like ours to better run our business and improve on our mission. We believe that data visibility and supply chain digitalization is the next forefront of the AgriFood industry, and we are excited to support the application of DiMuto’s solutions,” said Husodo Angkosubroto, majority shareholder of PT Great Giant Pineapple. PT Great Giant Pineapple is one of the top three producers of pineapples worldwide supplying of the world’s canned pineapples, with businesses involving fresh produce distribution and export as well.

By using its proprietary technology developed using IOT, cloud, blockchain and AI to create combined visibility between movement of goods and movement of money on the DiMuto Platform, The Company has further developed its own Proprietary Visual Inspection Module to help standardise the specification of fresh produce using AI. DiMuto thus enables primary data collection for valuable insights allowing AgriFood business leaders to better manage their supply chain in a more efficient and sustainable manner.

DiMuto’s unique ability to digitalize and unify product, document and payment on a single platform helps form a more accurate profile of Small and Medium Enterprises (SMEs) that is data-driven, and trade-centric, enabling SMEs to access alternative trade financing opportunities.  Globally, the current US$1.9 Trillion trade finance gap is estimated, by the International Chamber of Commerce (ICC), to increase to US$3.4 trillion due to Covid-19. The trade financing gap has hit SMEs the hardest, with over 40% of trade finance applications by SMEs being rejected, as stated by Asian Development Bank (ADB). Despite being the largest contributor to the economy and employment, SMEs struggle to obtain financing from traditional institutions, due to factors such as creditworthiness, collateral requirements, short-term liquidity, and political or currency risks. Helping to counter these factors, DiMuto has developed its proprietary TRADE HEALTH AI module to generate a grading score and a credit score to manage the credit risk of the trade. Based on this, DiMuto will be able to fill the trade financing gap by offering financing for its AgriFood customers.

Despite Covid-19, DiMuto has executed implementations in Indonesia, China, South Africa, Ghana, Malaysia, Kenya, and Colombia over the last six months, with 25 more projects in the pipeline. The company has specifically designed their proprietary digitalization devices, otherwise known as a Digital Asset Creation device (DACKY), in the form of a flyaway kit that enables implementation on the ground to be easily completed in as short as one week.

“I am truly humbled and honoured to have such a broad group of stakeholders, resulting in a unique combination of people and organization to solve a truly global problem of food waste and trade visibility. By removing the friction and inefficiency, we are focusing the use of data to truly build a more Green and sustainable future,” Loh adds. In the near future, the company expects rapid growth with existing and new client partners, providing DiMuto with a key opportunity to expand DiMuto’s portfolio and trade financing applications.    -end-  

About The Yield Lab The Yield Lab Asia Pacific is an AgTech focused fund and part of the global The Yield Lab network of regional Funds based in North America, Europe, Latin America and Asia Pacific.  Created in 2014 as the first early-stage Seed and Series A fund devoted to identifying and advancing Agriculture industry innovation.  Managed by industry experienced teams who have the knowledge, relationships and vision to stimulate, invest and scale sustainable AgTech innovations, The Yield Lab invests across all Agriculture sectors:  Crop Production,  Animal Health,  Precision Agriculture,  Sustainability, Supply Chain and Food Ingredients, in order to deliver financial results alongside positive impacts that solve the global problem of feeding 10B people by 2050 sustainably. For further information please visit: www.theyieldlab.asia

About SEEDS Capital As the investment arm of Enterprise Singapore, SEEDS Capital catalyses smart investments into innovative Singapore-based startups with strong intellectual content and global market potential. We co-invest with independent investors in innovative startups. We help our startups commercialize and expand globally through leveraging on the expertise and strategic networks of our co-investment partners in areas such as technology translation, commercialization and market expansion. Through co-investments, SEEDS Capital aims to catalyze investments into nascent and strategic sectors. These include Advanced Manufacturing & Engineering, Health & Biomedical Sciences, Urban Solutions & Sustainability, and Services & Digital Economy.  

About PT Great Giant Pineapple PT Great Giant Pineapple (GGP) has become the largest private label manufacturer of canned pineapples in the world and a prominent source of premium pineapples and fresh fruits. The company currently exports more than 15,000 containers to over 60 countries worldwide and has a representative company in the USA, Singapore, Japan, and South Korea. Boasting extensive plantations, one in every four canned pineapples in the world today originates from GGP. Aside from canned pineapple, pineapple jam, pineapple cubes in cups, and pineapple juice concentrate, GGP also produce canned tropical fruit cocktail. For further information, visit www.greatgiantpineapple.com

About Asia Capital Pioneers Group Founded in 2011, Asia Capital Pioneers Group started as a Hong Kong-based family office to provide wealth management and legacy planning for some of Asia’s wealthiest families. It has developed a reputation of delivering above-market returns for its clients, through global investments within high growth industries such as real estate and fintech. As the controlling shareholder for several investments such as Songdo International Business District and payments fintech Aleta Planet, Asia Capital Pioneers Group has leveraged its management expertise, global connections, and business know-how to multiply the value of its investments. It also seeks to identify cross-synergies between its investment vehicles for greater efficiencies and business growth. For further information, visit www.asiacapitalpg.com 

About DiMuto DiMuto simplifies every step of global AgriFood trade. From produce, to trade, to market, our AgriFood Trade Solutions help growers, exporters and importers to trade efficiently with better visibility and finance. Equipped with a data-backed growth roadmap, companies can now navigate the complex global trade landscape with ease and focus on what matters – growing a thriving international business. With Visible Trade, DiMuto powers companies and the world forward with confidence. Since 2019, DiMuto has successfully tracked and traced millions of pieces of produce and millions in dollars of trade value on the DiMuto platform, working with a global portfolio of clients in over ten countries on five continents.

DiMuto is founded by Chief Executive Officer Mr Gary Loh, who is also the Executive Chairman of First Alverstone Group. For more information, please visit www.dimuto.io ## For media queries, please contact: HuiMin Lee Email: huimin@dimuto.io    

DiMuto and OPAL Announce Agrifood Fintech Partnership to Tackle Trillion Dollar Global Trade Finance Gap

[Joint Press Release DiMuto – OPAL]

DiMuto and OPAL Announce Agrifood Fintech Partnership to Tackle Trillion Dollar Global Trade Finance Gap

  • DiMuto, a global trade solutions platform, joins forces with OPAL, a Major Payment Institution (MPI) providing money transfer solutions, to conduct agrifood trade payments on the blockchain
  • The partnership will see a DiMuto Payment module that allows direct payment on the DiMuto Platform, enabling visibility of movement of money according to trades conducted and tracked on the platform
  • The new payment module will leverage OPAL’s expertise in payment and financing solutions for SMEs that include multi-currency cross-border transactions, with highly competitive Fx rates that is cheaper than conventional methods, as well as ability to conduct safe and secure transactions to over 100 countries
  • The digital payments collaboration between the two firms will form the foundation for DiMuto’s trade financing solution targeted at servicing unbanked Small-Medium Enterprises (SMEs) in the agri-perishable sector
  • Covid-19 has worsened the US$1.9 trillion global trade finance gap, estimated by experts to be as high as US$3.4 trillion now, with SMEs in emerging economies being hardest hit. SMEs have long faced difficulties accessing formal financing due to factors like creditworthiness, collateral requirements, short-term liquidity, and political or currency risk.
  • By using technology like blockchain, cloud, IoT and AI to create combined visibility between movement of goods and movement of money on DiMuto Platform, DiMuto enables primary data collection for valuable insights into trade health and credit score, reducing financing risks and making trade financing more accessible for SMEs.

Singapore, 26 April 2021 – DiMuto, a global agri-fintech trade solutions company that provides end-to-end supply chain visibility for global agrifood trade, has partnered with OPAL, a Major Payment Institution (MPI) licensed by Monetary Authority of Singapore (MAS), to provide payment services on the blockchain-powered DiMuto Platform. The two companies are collaborating to bring together the strengths of both companies to innovate and transform the future of payments and financing in the agrifood trade space. Working together provides an exciting opportunity to leverage OPAL’s expertise in international payment, multi- currency wallets, FX management and financing solutions alongside DiMuto’s strong network of agrifood clientele, robust trade digitalization technology and capability to collect asset- based data.

DiMuto and OPAL will develop a new first-of-its-kind payment module that will allow DiMuto’s agrifood customers to make payments directly tagged to the movement of goods on the DiMuto Platform, creating visibility of both the movement of goods and money for physical agrifood products tracked with DiMuto’s existing trade digitalization technology.

The DiMuto Payment module taps on OPAL’s expertise in servicing SMEs with payment and financing solutions. OPAL aims to be One Account for Payments and Loans (OPAL) for SMEs, by simplifying payment processes, lowering fees and providing easier access to financing. OPAL is able to facilitate safe and secure cross-border transactions in over 100 financial corridors with multi-currency accounts and competitive Fx rates that are cheaper than conventional banking methods. With the new DiMuto Payment module, DiMuto’s agrifood customers will be able to conduct transactions that are in full compliance with Singapore regulations and international AML/CFT standards.

“We are excited to bring our experience in the financial, payments and technology industry to the collaboration with DiMuto. The partnership gives OPAL an opportunity to reach more small and medium businesses globally, particularly in the agrifood and perishables trade, that have not been serviced by traditional banking institutions. We look forward to helping them accelerate their growth with complex payments made easy,” said Lim Ming Wang, Co-founder and Chief Operating Officer of OPAL.

The digital payments collaboration establishes the first step to DiMuto’s trade financing solution for the unbanked SMEs in the agri-perishables sector that have traditionally been unable to access financing from conventional banking institutions. Despite being the largest contributors to employment and economic development, SMEs have struggled to obtain formal financing, due to factors including creditworthiness, collateral requirements, short- term liquidity, and political or currency risks. Asian Development Bank (ADB) found that over 40% of trade finance applications by SMEs are rejected and the global trade finance gap is a staggering US$1.5 trillion in 2019 and is projected by the International Chamber of Commerce (ICC) to increase to US$3.4 trillion due to Covid-19. The exponential trade finance gap impedes the effort to reduce poverty and minimize inequality, two of the United Nation’s Sustainable Development Goals (SDG).

By capturing and developing primary trade data through trade digitalization, DiMuto effectively reduces the risks associated with trade financing. With both visibility of movement of physical goods and movement of money on the DiMuto Platform, DiMuto can now further develop data-driven agrifood asset financing.

“At DiMuto, our vision is to power global agrifood trade with visibility. We have built a powerful platform that combines IoT, cloud, blockchain, and AI technology in our journey to bring visibility to global trade,” said Gary Loh, Founder and Chief Executive Officer of DiMuto. “By partnering OPAL to enable direct payments on our platform, we are moving closer to this goal as this creates a complete solution tying the movement of goods to the movement of money. With this, we can transform global trade by tackling the financing needs of the unbanked agrifood market.”

The partnership between DiMuto and OPAL will enable trade that traditional trade finance cannot effectively support. DiMuto is implementing AI, machine learning capabilities, and new predictive analytic algorithms for valuable insights into the trade health and credit score of agrifood companies to develop alternative financing and insurance services for the global agrifood market.

MoU signing between OPAL COO and DiMuto CEO

Lim Ming Wang, Co-Founder and COO of OPAL, with Gary Loh, Founder and CEO of DiMuto at the MoU Signing Ceremony

 

-end-

About OPAL

OPAL is a leading provider of end-to-end, regulated payment solutions based on a robust, proven platform and proprietary technology. Founded by a team of seasoned professionals with significant experience in financial solutions, banking, regulatory issues, cross-border payments and money management, OPAL offers a broad set of financial solutions to help clients meet their diverse needs in today’s ever-changing financial and business environment. OPAL is licensed as a Major Payment Institution (MPI) by the Monetary Authority of Singapore.

For more information, please visit www.opalpayment.com.

 

About DiMuto

DiMuto provides agrifood companies with data they can see and trust, down to every single product of every trade, where they can easily see all that is happening for every trade transaction in an organized manner, on one single platform.

DiMuto simplifies every step of global trade – from produce, trade to market, DiMuto provide sales, marketing, operations, financing and insurance tools so businesses can trade better. Equipped with a data-backed growth roadmap, companies can now navigate the complex global trade landscape with ease and focus on what matters – growing a thriving international business.

With Visible Trade, DiMuto powers companies and the world forward with confidence.

Since 2019, DiMuto has successfully tracked and traced over millions of pieces in produce and millions in dollars of trade value on our platform, working with a global portfolio of clients in over ten countries and five continents. DiMuto is founded by Chief Executive Officer Mr Gary Loh, who is also the Executive Chairman of First Alverstone Group. For more information, please visit www.dimuto.io.

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CEO Gary Loh Joins Produce Marketing Association Global Development Committee

DiMuto CEO Gary Loh has been invited to join Produce Marketing Association’s Global Development Committee for 2021.

The Produce Marketing Association (PMA) is a trade organization representing companies from every segment of the global fresh produce and floral supply chain. PMA aims to connect, inform and deliver industry solutions to enhance members’ prosperity and is increasingly seen as a trusted resource and thought leader for the growth of the global produce and floral industry.

The Global Development Committee (GDC) is a committee aiming to foster global business connections and intelligence for current and future PMA members, and support the global growth strategy of PMA. The GDC works to identify global issues that impact the produce and floral industries and is the first line of sight to identify global opportunities for growth. It is also part of PMA’s overall mission to bring global fruit and vegetable and floral communities together in order to cultivate a healthier world.

Recently, the PMA GDC has met up in Singapore to understand the challenges and opportunities faced by producers in Southeast Asia markets, as well as in Spain, a European leader in production of fruits and vegetables, so as to provide solutions to challenges in these economies.

“A lack of visibility in the Messy Middle of global produce supply chains has contributed to problems with food safety and food waste. The pandemic has hit the industry hard, and there has been much conversation around how technology like blockchain can help to solve some of the problems faced by the value chain. I look forward to helping PMA and its members explore applicable solutions for challenges faced by the global fresh produce and floral industry, ” said Gary Loh, Chief Executive Officer of DiMuto.

“The Covid-19 pandemic has led to widespread disruption of the fresh produce industry, driving change at a rapid pace, affecting the way the fresh produce industry works, lives, eats, moves and uses technology. Looking at how the industry can work towards becoming more resilient towards such disruptions, as well as recovery growth opportunities in the various markets will be a key focus for the incoming committee,” from Nancy Tucker, Vice President, Global Business Development of PMA.

Listen to PMA’s podcast PMA Takes on Tech, and join our CEO Gary Loh, along with Vonnie Estes, VP of Technology at PMA, Seana Day, Partner at Better Food Ventures and Kim Rui, Global Head, FreshCloud Infrastructure and Analytics at AgroFresh, as they discuss how technology can help growers, packers and shippers along the value chain, especially in The First Mile and Messy Middle.

Access the podcast here – https://bit.ly/2UEoRwg

Newton Orchards Deploys DiMuto Solution to Strengthen Brand with Local Farm to Fork Traceability Story

[PRESS RELEASE]

Newton Orchards, Key Western Australian Apple Orchard, Deploys DiMuto Solution to Strengthen Brand with Local Farm to Fork Traceability Story

  • DiMuto, a tech-based trade solutions platform, to track and trace produce for full supply chain visibility for Newton Orchards, a fruit grower in Western Australia, beginning with the Pink Lady apples
  • Newton Orchards will launch a comprehensive point-of-sale marketing campaign to raise awareness for Newton Orchards’ brand while deploying DiMuto’s SMART Marketing services to communicate their farm to fork traceability story to Australian consumers
  • The SMART Marketing services powered by DiMuto QR codes is a cost-effective solution to reach out to end consumers and communicate traceability brand stories of farmers and growers
  • Newton Orchards is a family owned fourth-generation fruit supplying a variety of apples, pears and cherries. Newton Orchards owns one of the largest orchards in WA and supplies to major Australian supermarkets Coles and Woolworths.

 

Singapore, 17 November 2020 – DiMuto, a trade technology solutions platform that provides end-to-end supply chain visibility for global agri-food businesses, has partnered with Newton Orchards to commence its produce traceability and marketing solutions for Newton Orchards produce, beginning with the Pink Lady apples this season.

Using DiMuto’s 4T Suite Solutions, Newton Orchards will tag its apples for produce traceability and supply chain visibility. Newton Orchards will also tap on DiMuto SMART Marketing services to engage end consumers with its traceability story while also working closely with DiMuto as part of their trade network to explore export opportunities.

Newton Orchards of Manjimup is a family owned and managed fruit growing business founded in 1929. With several orchards located around the Southern Forests region growing apples, pears and cherries, Newton Orchards is one of the largest orchards in Western Australia. The fourth-generation grower supplies major supermarkets in Australia Coles and Woolworths with over 7000 tonnes of apples each year.

Newton Orchards was among the first to commercially grow Pink Lady apples, a variety that was originally developed in Manjimup.  Newtons have also backed Bravo®, the newest apple to come from the same Pink Lady breeding programme.

“We are excited to partner with DiMuto as part of our commitment to deliver sustainable and safe food to Australian consumers. By being able to track each apple from the farm to fork, we’re able to guarantee food integrity that customers can enjoy the apples in a way that’s closer to nature,” said Harvey Giblett, owner and manager of Newton Orchards.

The DiMuto 4T Suite Solution creates traceability for every single fruit as they move through the supply chain by capturing important data at key supply chain stages. Individual products and cartons are tagged with DiMuto QR codes to assign each one a digital identity. These products and cartons are then digitalized through DiMuto’s proprietary Digital Asset Creation devices (DACky). All critical information at each supply chain milestone is also recorded on the DiMuto Platform to truly close the supply chain loop on one single platform, creating full supply chain visibility.

Newton Orchard Pink Lady Apples with DiMuto Hybrid QR Labels

 Every apple will be tagged with DiMuto QR codes that can be scanned by end consumers with any mobile phones. Through the DiMuto Sales & Marketing Retention & Awareness Tool (SMART) Marketing solution, consumers will be directed to a product page that gives them easy access to traceability information and product origin. Consumers will also be able to learn more about the Newton Orchards farm, its growing practices and get to know the story of Newton Orchards farmers. Educational information like recipes and videos, as well as promotions and lucky draws can also be found. Consumers are also encouraged to leave feedback on their produce, allowing Newton Orchards to gain important information about the quality of the product and the consumer experience.

 

 

Adam Buckley, Logistics Manager of Newton Orchards, with Charlie Opferkuch, Owner/Manager of Gilbert’s Fresh Market Hilton owner/manager

Newton Orchard Pink Lady Apples with DiMuto Hybrid QR Labels in Gilbert’s Fresh Market

Western Australian consumers will get to learn more about Newton Orchards’ traceability story in the early November, in a collaboration between Newtons and local premium independent retailer Gilbert’s Fresh Market, Hilton. Newton Orchards will launch a point-of-sale marketing campaign to promote their brand of apples, juices, and ciders. DiMuto will assist Newton Orchards in hosting a digital lucky draw campaign, where consumers can participate in the promotion through the DiMuto QR codes and stand a chance to win an exciting array of products and grocery vouchers.

“We look forward to working closely with Newton Orchards for a fully traceable supply chain. DiMuto’s trade solutions provide growers such as Newton Orchards with full supply chain visibility and allows them to tell their traceability story to end consumers in a verified, accessible manner,” said Gary Loh, founder and Chief Executive Officer of DiMuto.

DiMuto’s deal with Newton Orchards follows closely after DiMuto’s partnership with Morning Glory Farms, a third-and-fourth generation farmer and grower in Western Australia. To date, DiMuto has tagged over 30 million fruits and tracked and traced over US$100million worth of agri-food trades. With presence in 8 countries including China, Indonesia, Singapore, Thailand and Australia, the collaboration with Newton Orchards will strengthen DiMuto’s reach in Asia-Pacific and beyond.

 

Newton Orchards SMART Marketing Lucky Draw Campaign

– end-

About Newton Orchards

A family owned and operated business for more than 90 years and four generations, Newton Orchards of Manjimup has grown to become one of the most trusted fruit growers in Australia. Our several picturesque orchards located around Manjimup, in Western Australia’s beautiful Southern Forests region, grow world’s best quality apples, pears and cherries for your table – including delicious new apple varieties like Kanzi and Bravo.

About DiMuto

DiMuto is in the business of creating trust. We provide global supply chains with a trade technology platform built on 4Ts: Tracking, Tracing, Transparency and Trust – thus demystifying global trade and enabling collaborative commerce.

The DiMuto 4T Suite Solution, a 4-part trade technology solution combining blockchain, AI and IoT, creates end-to-end trade visibility and forms building blocks for further value creation in trade financing, product marketing and data analytics. Since 2018, DiMuto has successfully tracked and traced over millions of pieces in produce and millions in dollars of trade value on our platform. We work with a global portfolio of clients in over eight countries and five continents.

DiMuto is founded by chief executive officer Mr Gary Loh, who is also the Executive Chairman of First Alverstone Group. For more information, please visit www.dimuto.io.

##

For media queries, please contact:

HuiMin LEE

Email: huimin@dimuto.io

 

Mercy Relief uses Blockchain Traceability Solution by DiMuto for Its Humanitarian Crisis Response Amidst COVID-19

[PRESS RELEASE]

Mercy Relief uses Blockchain Traceability Solution by DiMuto for Its Humanitarian Crisis Response Amidst COVID-19

  • Mercy Relief, a Singapore-based disaster relief agency, will be using the Blockchain Traceability Solution from DiMuto, a trade technology solutions company, to gain visibility and traceability for humanitarian crises response amidst COVID-19
  • Active across 26 countries, Mercy Relief is Singapore’s only homegrown independent non-governmental humanitarian charity. Since 2003, Mercy Relief has responded to more than 84 human tragedies with more than $44.6 million in relief and implemented over 65 post disaster projects and impacted an aggregate of over 2.5 million lives
  • Travel restrictions and lockdowns due to the ongoing pandemic have created a lack of visibility for international crisis responses, making humanitarian accountability challenging
  • DiMuto traceability solutions will help Mercy Relief track humanitarian relief aid items to ensure receipt by intended beneficiaries, creating transparency and building trust with on-the-ground local partners as well as donors
  • The collaboration is part of DiMuto’s CSR efforts and commitment in continuing to create positive impact during the COVID-19 pandemic. The partnership demonstrates value of DiMuto solutions and ability to work across industries where there is disconnected visibility of supply chains and operations

Singapore, 26th October 2020 – Mercy Relief, Singapore’s leading independent disaster relief agency, will be using the Blockchain Traceability Solution from DiMuto, a trade technology solutions company providing end-to-end supply chain visibility platform for agri-food businesses, to track and trace their international relief work.

Mercy Relief is Singapore’s only homegrown independent non-governmental humanitarian charity. Established in 2003, the charity organization responds to immediate disasters in the Asian region, as well as organizing longer-term developmental projects that focus on water & sanitation, shelter, sustainable livelihoods, healthcare and education. Over the past decade, Mercy Relief has executed 84 separate immediate relief operations with more than $44.6 million in relief, as well as implemented 65 post disaster projects in over 26 countries, impacting over 2.5 million lives.

Mercy Relief responds within 72 hours of a disaster, delivering emergency aid to affected communities. The agency strives to work with local partners with proper financial accountability and ensure no duplication with the work done by other NGOs so that affected individuals and communities fully benefit.

As part of the partnership with DiMuto, all aid items will be tracked using DiMuto’s traceability solutions.  With its full-fledged traceability solution, DiMuto is able to create visibility for the entire disaster relief operation – from purchasing of relief supplies to receipt of supplies by affected communities.

“Travel disruptions brought on by COVID-19 have made it difficult for our team to be physically present at disaster zones. Partnering with DiMuto helps us maintain transparency and accountability in all our disaster response efforts and assures timely relief to communities most in need,” said Carol Lee, Executive Director of Mercy Relief.

Aid items will be digitalized using DiMuto QR labels and tracked on the DiMuto Platform. Relevant shipping and transaction information will be associated with the relevant aid item. This means that Mercy Relief will be able to see the exact resources and documentation information for every single relief effort, down to individual aid items. To ascertain that funds provided to local partners in disaster areas are being used to help affected families and communities, the receipt of aid by affected communities will also be tracked via the DiMuto Receiver App. All records made on the blockchain-powered DiMuto Platform will be immutable and verified, safeguarding accountability and transparency for the entire disaster relief effort.

“We are glad to join forces with another Singapore-based organization like Mercy Relief and support their international humanitarian efforts. Similar to the agri-food industry, internationally coordinated humanitarian projects often face challenges from a lack of visibility and this has been exacerbated by the pandemic. This is where trust and transparency can be established using DiMuto Trade Solutions,” said Gary Loh, founder and Chief Executive Officer of DiMuto.

Recognising the potential for DiMuto’s solution to support Mercy Relief’s humanitarian efforts, Enterprise Singapore facilitated an introduction between the two Singapore organisations in August 2020. According to Mr. Lee Yee Fung, Director, ICM & Digitalization, Enterprise Singapore, “Through partnerships, Singapore companies can harness the strengths and capabilities of each other to solve complex challenges and improve business outcomes.  Companies can also provide innovative offerings to customers and broaden their relevance across sectors. We look forward to supporting more strategic partnerships between local enterprises that support their respective business goals.” Enterprise Singapore has been supporting DiMuto in their internationalisation efforts and development of technical capabilities.

The partnership with Mercy Relief will be the first footprint of the trade solutions company in international humanitarian aid. To date, DiMuto has digitized over 30 million fruits and tracked and traced over US$100million worth of agri-food trades. With presence in eight countries including China, Indonesia, Singapore, Thailand and Australia, the collaboration with Mercy Relief will expand use cases for the company’s trade solutions platform.

 

– end-

 

About Mercy Relief

Headquartered in Singapore, Mercy Relief was established in 2003 to respond to human tragedies and disasters in the Asia Pacific. Today, we are Singapore’s leading independent disaster relief agency with dedicated leadership, capacity building expertise and an affiliate network operating across the entire disaster management cycle.

Mercy Relief provides emergency aid within 72 hours of an international appeal in the aftermath of a disaster. The objective of our longer-term sustainable development programmes is to uplift and empower communities in five key areas: water and sanitation, shelter, sustainable livelihoods, healthcare, and education. For the past 17 years, Mercy Relief has responded to more than 84 human tragedies with more than $44.6 million in relief across 26 countries. We have implemented more than 65 post disaster projects and impacted over 2.5 million lives.

For more information about Mercy Relief, please visit https://www.mercyrelief.org

 

About DiMuto

DiMuto is in the business of creating trust. We provide global supply chains with a trade technology platform built on 4Ts: Tracking, Tracing, Transparency and Trust – thus demystifying global trade and enabling collaborative commerce.

The DiMuto 4T Suite Solution, a 4-part trade technology solution combining blockchain, AI and IoT, creates end-to-end trade visibility and forms building blocks for further value creation in trade financing, product marketing and data analytics. Since 2018, DiMuto has successfully tracked and traced over millions of pieces in produce and millions in dollars of trade value on our platform. We work with a global portfolio of clients in over eight countries and five continents.

DiMuto is founded by chief executive officer Mr Gary Loh, who is also the Executive Chairman of First Alverstone Group. For more information, please visit www.dimuto.io.

 

##

For media queries, please contact:

Ain Hamzah
Mercy Relief

E: ain.hamzah@mercyrelief.org

HuiMin Lee

DiMuto

E: huimin@dimuto.io

DiMuto Secures Partnership with The Jupiter Group to Deploy Blockchain Traceability as Part of Global Expansion Plans

[Press Release]

DiMuto Secures Partnership with The Jupiter Group to Deploy Blockchain Traceability as Part of Global Expansion Plans

  • DiMuto, a tech-based trade solutions platform, has secured a deal with the Jupiter Group, a leading global fresh produce company, to deploy blockchain traceability for their produce.
  • The Jupiter Group is a leading global fresh produce company with headquarters in the United Kingdom offering a complete root to retail solution. The group farm and supply a variety of fresh produce including grapes, citrus, pineapple, avocado, lime, melon and kiwi.
  • The British born company’s rapid growth has led to it being ranked in the top 25 fastest growing companies in The Sunday Times International Track 200 in 2018, 2019 and 2020. Today it has hubs in Africa, South Africa, South America, Europe, India and the United States.
  • The agreement is part of Jupiter Group’s progressive global expansion plans to provide fully traceable, sustainable, quality produce to consumers around the world.
  • The partnership will see DiMuto tagging Jupiter Group’s core product range, totalling an estimated 10 million cartons and approximately 500 million individual pieces of fresh produce grown in 11 countries. 

Singapore, 11 August 2020 – DiMuto, a trade technology solutions platform that provides end-to-end supply chain visibility for global agri-food businesses, has secured a deal with  Jupiter Group, a leading global produce grower and supplier, to deploy blockchain traceability for the group’s core range of produce.

A leader in the global fresh produce market, Jupiter Group farms and supplies new and traditional varieties of grapes and citrus alongside melons, pineapples, limes, avocados and kiwi. With a network of farms, agronomy specialists and pack house facilities spanning the globe, Jupiter has a complete root to retail solution.

Today, Jupiter Group is one of the UK’s fastest-growing businesses. The company has achieved astounding success with an average annual group growth of 51% over the past three years. The company ranked in the top 25 fastest growing companies on The Sunday Times International Track 200 (an annual league ranking Britain’s mid-market private companies with the fastest-growing international sales) in 2018, 2019 and 2020 too. Jupiter currently has hubs in Africa, South Africa, South America, Europe, India and the US.

The new partnership will see DiMuto tagging Jupiter’s core product range, where every single carton and every single fruit will be tracked on the blockchain for full supply chain visibility. An estimated total of 10 million cartons of fresh produce and approximately 500 million individual pieces of fruit will be tracked and traced on the DiMuto Platform. The company’s fruits digitized by DiMuto are grown in multiple countries including India, Greece, Colombia, Spain, South Africa, Morocco, Costa Rica and more.

The move by Jupiter to adopt blockchain traceability for their fresh produce is closely aligned with the group’s hands-on commitment to bring global consumers high quality, delicious and new fruit varieties with a truly transparent supply chain. Their mission is to be the most transparent brand in produce for growers and customers alike across the world.

DiMuto’s blockchain-powered trade traceability platform will allow visibility of every single carton and every single produce piece throughout the entire supply chain, as well as the accompanying relevant documentation and certificates to allow for greater efficiency and standardisation of Jupiter’s fresh produce supply chain.

“We are pleased to be working with DiMuto to take our traceability story further. With the DiMuto Platform, Jupiter Group will be able to champion true supply chain transparency and share each step of the produce journey with end consumers, right from seed and sapling to the shelf,” said Mark Tweddle, CEO of Jupiter Group.

“With a focus on being completely integrated in the produce supply chain, the Jupiter story fits right into the increasing consumer demand to understand the origins and practices behind their food. DiMuto’s blockchain technology will improve overall transparency throughout our fresh produce chain and better assure our consumers of our fruits’ quality and origin. We are 100% committed to our relationships throughout the whole supply chain being based on trust.” said Yvonne Tweddle, MD of Jupiter Group.

The DiMuto 4T Suite Solution creates traceability for every single fruit as they move through the supply chain by capturing important data at key supply chain stages. Individual products and cartons are tagged with DiMuto QR codes to assign each one a digital identity. These products and cartons are then digitalized through DiMuto’s proprietary Digital Asset Creation devices (DACky). All critical information at each supply chain milestone is also recorded on the DiMuto Platform to truly close the supply chain loop on one single platform, creating full supply chain visibility.

Every fruit will be tagged with DiMuto QR codes that can be easily scanned by end consumers with any smart mobile phone. Through the DiMuto Sales & Marketing Retention & Awareness Tool (SMART) Marketing solution, consumers will be directed to a product page that gives them easy access to traceability information and product origin tracked on the blockchain. Educational information like recipes and videos, as well as promotions and lucky draws can also be found. Consumers are also encouraged to leave feedback on their produce, allowing Jupiter to glean important information about the quality of the product and consumer experience. The ability to closely engage global consumers and communicate Jupiter’s blockchain-verified traceability story will further build and strengthen the Jupiter brand around the world.

“We are honoured to work with leading global fresh produce company Jupiter Group. By tracking fresh produce down to the carton and fruit level, DiMuto trade traceability solutions will help innovative leaders like Jupiter to not only increase visibility and efficiency of their supply chain but also communicate the product’s verified traceability story to end consumers with ease,” said Gary Loh, founder and Chief Executive Officer of DiMuto.

To date, DiMuto has digitized over 30 million fruits and tracked and traced over US$100million worth of agri-food trades. With presence in eight countries including China, Indonesia, Singapore, Thailand and Australia, the collaboration with Jupiter Group will strengthen DiMuto’s reach in the global fresh produce industry.

– end-

About  Jupiter Group

The Jupiter Group is an award-winning collection of companies within the fresh produce industry. Ranked 17th in the prestigious The Sunday Times International Track 200, they specialise in growing, marketing and selling fresh produce across all sectors. Jupiter are industry leaders in developing new varieties of produce, proud to work with a range of leading international retailers.

Their mission is simple – to be the most transparent brand in produce for growers and consumers globally.

With a year-round supply of fresh produce, innovative new variety development and specialism in prepared fruit, they are one of the world’s leading fresh produce companies.

Whilst their speciality is growing grape, Jupiter’s expertise also covers citrus, melon, pineapples, avocados, limes and kiwi in all formats and sizes. With extensive experience of serving retail, wholesale and food service businesses across Europe and the world, the group are always open to fresh opportunities.

 

About DiMuto

DiMuto is in the business of creating trust. We provide global supply chains with a trade technology platform built on 4Ts: Tracking, Tracing, Transparency and Trust – thus demystifying global trade and enabling collaborative commerce.

The DiMuto 4T Suite Solution, a 4-part trade technology solution combining blockchain, AI and IoT, creates end-to-end trade visibility and forms building blocks for further value creation in trade financing, product marketing and data analytics. Since 2018, DiMuto has successfully tracked and traced over millions of pieces in produce and millions in dollars of trade value on our platform. We work with a global portfolio of clients in over eight countries and five continents.

DiMuto is founded by chief executive officer Mr Gary Loh, who is also the Executive Chairman of First Alverstone Group. For more information, please visit www.dimuto.io.

 

##

 

For media queries, please contact:

Kirsty Fleetwood

Jupiter Group

Tel: +44 07590 441777

Email: kirstyF@jupitermarketingltd.com

 

HuiMin Lee

DiMuto

Email: huimin@dimuto.io

DiMuto Kickstarts Produce Traceability for Ecuadorian Exotic Fruits Grower Pukuna Farms for Its Asian Export Market

[PRESS RELEASE]

DiMuto Kickstarts Produce Traceability for Ecuadorian Exotic Fruits Grower Pukuna Farms for Its Asian Export Market  

  • DiMuto, a tech-based trade solutions platform, commences produce digitization for Pukuna Farms, an Ecuadorian grower and supplier of pitahayas, passionfruit and sweet cucumber
  • The digitization of Pukuna Farms’ fresh produce will help the Ecuadorian grower with supply chain visibility and consumer engagement
  • Pukuna Farms is also looking to leverage DiMuto’s trade network to grow its Asian export market beyond its current presence in Singapore, Hong Kong, UK and US
  • The deal with Pukuna Farms continues DiMuto’s expansion in Latin America, a major agriculture producing and exporting region
  • Partnership with Pukuna Farms to underscores the 360 approach to solving global agri-food supply chain challenges that DiMuto trade platform brings beyond just supply chain traceability

Singapore, 24 June 2020 – DiMuto, a trade technology solutions platform that provides end-to-end supply chain visibility for global agri-food businesses, will deploy its trade traceability solutions for Pukuna Farms, an Ecuadorian supplier of exotic fruits.

Using DiMuto’s 4T Suite Solutions, Pukuna Farms will tag its pitahayas for produce traceability and supply chain visibility. Pukuna Farms will also tap on DiMuto SMART Marketing services to strengthen its brand presence within Asia and engage end consumers with its traceability story while leveraging DiMuto’s Global Trade Network in Asia and beyond.

Pukuna Farms is a producer and exporter of exotic fruits from Ecuador and Peru. Collaborating with farmers in the regions of Palora, Imbabura, Ambato, Riobamba and Piura, Pukuna offers a growing range of fresh exotic fruits including pitahayas, passionfruit and sweet cucumber for its customers in Singapore, Hong Kong, America and United Kingdom.

“We are pleased to work with DiMuto to grow the Pukuna brand in Asia and Southeast Asia. With DiMuto’s traceability solution, we are able to create trust with our export customers and also communicate our story to end consumers,” said Santiago Báez, Managing Director of Pukuna Farms.

The DiMuto 4T Suite Solution creates traceability for every single fruit as they move through the supply chain by capturing important data at key supply chain stages. Individual products and cartons are tagged with DiMuto QR codes to assign each one a digital identity. These products and cartons are then digitalized through DiMuto’s proprietary Digital Asset Creation devices (DACky). All critical information at each supply chain milestone is also recorded on the DiMuto Platform to truly close the supply chain loop on one single platform. This facilitates transparency in the supply chain, creating trust amongst trade partners.

As part of DiMuto’s trade solutions platform, the Sales & Marketing Retention & Awareness Tool (SMART) Marketing solution allows small and medium produce growers and suppliers to conduct cost effective marketing campaigns to engage consumers. When consumers scan the DiMuto QR codes tagged to individual food products, they are able to see the origin of their product, obtain information about the farm and growing practices, as well as learn new recipes and participate in exciting lucky draws. Consumers are also encouraged to leave feedback on their produce, giving brand owners important information about the quality of the product and the consumer experience.

Mr Gary Loh, DiMuto’s Founder and Chief Executive Officer, said, “We are tremendously excited to collaborate with Pukuna Farms. With the visibility provided as the fruits move through the supply chain, our 360 trade solutions can help Pukuna solve challenges including trade disputes and lack of consumer engagement that typically plague produce exporters.”

The deal with Pukuna Farms follows closely after a funding round for DiMuto’s latest investor, Latin Leap, a Venture Capital Studio focusing on opening up opportunities in Latin America for Southeast Asian tech-scale ups, as well as a technology partnership with Corporacion Industrial Uruapan (CIU), a Mexican company dedicated to designing and manufacturing post-harvest processing machinery.

To date, DiMuto has tagged over 30 million fruits and tracked and traced over US$100million worth of agri-food trades. With presence in 7 countries including China, Indonesia, Singapore, Thailand and Australia, the collaboration with Pukuna Farms will strengthen DiMuto’s reach in Latin America.

Pukuna Farms Ecuadorian Pitahayas that has been tagged on both carton and fruit level arriving in Singapore

Every Pitahaya has been tagged with a DiMuto QR Code for traceability and consumer engagement

Consumers are able to scan the QR code to access product traceability information with DiMuto SMART Marketing

 

-end-

 About Pukuna Farms

Pukuna Farms  produces and exports exotics fruits  from Ecuador and Peru  in an easy and effective way. We collaborate with farmers from the regions of Palora, Imbabura, Ambato, Riobamba  and Piura to offer a wide range of fresh products of high quality.

Our customers are mainly wholesalers and distributors in Singapore , Hong Kong , the UK and US. We have established a stable group of customers that allows us to offer smoother logistic and better service to our customers.

About DiMuto

DiMuto is in the business of creating trust. We provide global supply chains with a trade technology platform built on 4Ts: Tracking, Tracing, Transparency and Trust – thus demystifying global trade and enabling collaborative commerce.

The DiMuto 4T Suite Solution, a 4-part trade technology solution combining blockchain, AI and IoT, creates end-to-end trade visibility and forms building blocks for further value creation in trade financing, product marketing and data analytics. Since 2018, DiMuto has successfully tracked and traced over millions of pieces in produce and millions in dollars of trade value on our platform. We work with a global portfolio of clients in over  countries and five continents.

DiMuto is founded by chief executive officer Mr Gary Loh, who is also the Executive Chairman of First Alverstone Group. For more information, please visit www.dimuto.io.

##

For media queries, please contact:

HuiMin LEE

Email: huimin@dimuto.io

DiMuto Announces Partnership with Leading Global Post Harvest Automation Manufacturer Corporacion Industrial Uruapan (CIU)

[Press Release DiMuto]

DiMuto Announces Partnership with Leading Global Post Harvest Automation Manufacturer Corporacion Industrial Uruapan (CIU) to Boost Digital Asset Creation Capabilities for Global Agri-Food Trade

  • DiMuto, a tech-based trade solutions platform, partners Corporacion Industrial Uruapan (CIU), a Mexican company dedicated to designing and manufacturing post-harvest processing machinery, to innovate and transform global agri-food trade
  • The new partnership will see DiMuto working together with CIU to boost digital asset creation capabilities for supply chain visibility and trade traceability in the fresh produce industry
  • CIU has over 30 years of industry experience and a global presence spanning 800 projects in over 12 countries including US, Peru, Chile, Brazil, Israel and more

 

Singapore, 4 May 2020 – DiMuto, a trade technology solutions platform that provides end-to-end supply chain visibility for global agri-food businesses, has partnered with Corporacion Industrial Urupan (CIU), a leading automation company specializing in designing and manufacturing Computerized Sorting Machines, to innovate and transform the global agri-food supply chain.

The collaboration will see the two firms join forces to boost digitalization capabilities for the produce industry by further enhancing the DiMuto Digital Asset Creation devices, otherwise known as DACky, that DiMuto uses to digitalize fresh produce into traceable digital assets. The proprietary DACky is able to uniquely tag, photograph, and track every carton and every fruit at the packinghouse, creating visibility in the agri-food trade.

With over 30 years of experience in the post-harvest sector, CIU is a Mexican company dedicated to the design and manufacture of machinery for the agricultural sector in the area of post-harvest. CIU develops automated and semi-automated packaging lines capable of selecting, through an artificial vision system, a wide variety of fruits and vegetables by weight, colour, size, defect, and shape.  CIU’s trajectory and evolution is supported by the design and manufacture of more than 800 projects that have been installed in different parts of Mexico and in other countries, such as: the United States of America, Peru, Colombia, Dominican Republic, Honduras, Guatemala, El Salvador, Panama, Chile, Brazil, and Israel.

“Over the past decades, we have built an incredible foundation as the leading post-harvest automation manufacturer in the industry, helping hundreds of companies to improve the efficiency of their packinghouse operations.  Working with DiMuto gives us an opportunity to scale our business in the traceability frontier and help us reach the Asian and Southeast Asian markets,” said Enrique Martínez Ayala, Chief Executive Officer and Owner of CIU.

The partnership will also look at shortening the onboarding process towards their digitalization journey for agri-food customers around the world, as well as achieving seamless integration into operational workflows. The new improvements will strengthen DiMuto’s  4T Suite Solution – a four 4-part trade technology solution combining blockchain, AI and IoT aiming to create traceability for every single fruit as they move through the supply chain by capturing important data at key supply chain stages.

“At DiMuto, our vision is to transform the way global agri-food trade is being conducted, especially in the fresh produce industry,” said Gary Loh, Founder and Chief Executive Officer of DiMuto. “By working together with CIU, we are accelerating our pace of innovation to bring visibility to global agri-food trade.”

Enterprise Singapore supported DiMuto’s internationalization journey in Latin America by providing market insights, sourcing suitable in-market partners, patent filing, proof of concept and assisting with business development and branding efforts.

Clarence Hoe, Global Markets Director of Enterprise Singapore said “We congratulate DiMuto on this new partnership with CIU. We are excited to see growing collaborations between Singaporean and Mexican companies which lead to the development of more effective solutions to meet the growing digitalization demand in Mexico. We wish them every success.”

“This new alliance between Corporativo Industrial Uruapan (CIU) and Dimuto (a unique combination of Singaporean block chain innovations and top Mexican food industry hardware) clearly exemplifies the commitments established during the last official visit of Prime Minister of Singapore Lee Hsien Loong, to Mexico last November, where he and President Andres Manuel Lopez Obrador vowed to consolidate a strong, economic and strategic trade partnership  between our nations. The high-standard Comprehensive and Progressive Trans-Pacific Partnership Agreement (CPTPP), as well as the negotiations that are taking place to ensure that Singapore becomes an associate state member of the Pacific Alliance, will facilitate and enhances these efforts. Furthermore, the association of these two innovative agri-tech companies highlights the great capabilities for technological innovation displayed by Mexico and Singapore, also showcase how they will strengthen agroindustry value chains and ensure state of the art Farm to Table traceability for bilateral and intraregional trade,” said Amb. Agustin Garcia -Lopez Loaeza, Ambassador of México in Singapore.

The joint effort between DiMuto and CIU brings together the strengths of both companies to innovate and revolutionize agri-food supply chain visibility. Working together provides an exciting global opportunity to leverage CIU’s automation prowess alongside DiMuto’s trade expertise.

This collaboration closely follows DiMuto’s latest investment from Latin Leap, a Venture Capital Studio focusing on opening up opportunities in Latin America for Southeast Asian tech-scale ups, and its partnership with International Pineapple Organization, a global trade organization for pineapple growers. To date, DiMuto has tagged over 30 million fruits and tracked and traced over US$100million worth of agri-food trades. With presence in 7 countries including China, Indonesia, Singapore, Thailand and Australia, the partnership with CIU will strengthen DiMuto’s footprint in the fresh produce industry in Latin America.

-end-

About DiMuto
DiMuto is in the business of creating trust. We provide global supply chains with a trade technology platform built on 4Ts: Tracking, Tracing, Transparency and Trust – thus demystifying global trade and enabling collaborative commerce.

The DiMuto Track & Trace blockchain platform creates end-to-end trade visibility and forms building blocks for further value creation in trade financing, product marketing and data analytics. Since 2018, DiMuto has successfully tracked and traced over millions of pieces in produce and millions in dollars of trade value on our platform. We work with a global portfolio of clients in over seven countries and five continents.

DiMuto is founded by executive chairman Mr Gary Loh, who is also the Executive Chairman of First Alverstone Group. For more information, please visit www.dimuto.io.

About Corporacion Industrial Uruapan
CORPORACION INDUSTRIAL URUAPAN (CIU), is the only 100% Mexican company dedicated to the design, manufacture and marketing of Computerized Sorting Machines within the agricultural sector in the post-harvest area. Founded in 1985 in the city of Uruapan, Michoacán, Mexico, CIU has managed to position itself as a solid company at the national level, having an increasing presence in international markets.

Each of our projects follow a methodology that is tailored to the specific needs of the client, for this we have a large work team, made up of various processes made up of professional staff and trained to respond in a timely and effective manner to the needs that are present.

About Enterprise Singapore
Enterprise Singapore is the Singapore government agency championing enterprise development. It also supports the growth of Singapore as a hub for global trading and startups.

The agency attracts global commodities traders to establish their global or Asian home base in Singapore. Today, Singapore is a leading global trading hub with a complete ecosystem for the energy, agri-commodities and metals & minerals trading clusters. Singapore is also home to many global enterprises, startups and investors that operate in its robust pro-enterprise environment.

Enterprise Singapore builds trust in Singapore’s products and services through quality and standards. Renowned for their dedication to quality and innovation, Singapore companies make ideal business partners.

With Enterprise Singapore’s global network in over 35 locations spanning many developed and emerging markets, it connects businesses with relevant Singapore companies for their business expansion.

Visit www.enterprisesg.gov.sg for more information.

##

For media queries, please contact:

HuiMin LEE

Email: huimin@dimuto.io

DiMuto Joins International Pineapple Organization (IPO) as Trade Technology Partner

[PRESS RELEASE]

DiMuto Joins International Pineapple Organization (IPO) as Trade Technology Partner

  • DiMuto, a tech-based trade solutions platform, is the now the official Trade Technology Partner for International Pineapple Organization, a global trade organization 
  • The new partnership will see DiMuto providing support to IPO members to digitalize their produce and supply chains while strengthening the IPO’s presence in Southeast Asia

 

Singapore, 15 April 2020 – DiMuto, a trade tech solutions platform that provides end-to-end supply chain visibility for global agri-food businesses, has joined the International Pineapple Organization (IPO) as an official Trade Technology Partner. The new collaboration will see DiMuto providing support to the global pineapple association not only through its trade technology solutions, but also for R&D and marketing efforts.

The IPO is a Global Trade Organization of pineapple growers from pineapple growing regions around the world, maximize efficiency and profit for the pineapple industry through identifying common needs in Buying, Marketing, Cost Savings, and Consulting. With active presence in Latin America as well as the US, the cooperative’s mission is to identify common needs among its members and leverage the group to maximize efficiencies and economies of scale.

According to market research by Tridge, 28.3 million metric tonnes of pineapples were produced in 2018, and the export of fresh pineapples was valued at US$2.1 billion, increasing by 11% from 2014 to 2018. The top pineapple exporting markets are tropical countries such as Costa Rica, Brazil, Philippines, Indonesia and Thailand. A 2018 FreshPlaza reports that global consumption of pineapples continues to grow with the largest growth markets in Asia such as China, Indonesia, Vietnam and Philippines.

Under the partnership with IPO, DiMuto will be working with members to support the digitalization of their pineapple supply chains, as well as help strengthen the presence of IPO in the Southeast Asia region, in particular pineapple exporting markets such as Thailand, Indonesia and Philippines.

Using the DiMuto 4T Suite Solution, a 4-part trade technology solution combining blockchain, AI and IoT, DiMuto digitalizes the agri-food supply chain for data visibility and trade transparency, aiming to solve the industry’s various challenges such as food waste, food safety and food sustainability.

The DiMuto 4T Suite Solution creates traceability for every single fruit as they move through the supply chain by capturing important data at key supply chain stages. Individual products and cartons are tagged with DiMuto QR codes to assign each one a digital identity. These products and cartons are then digitalized through DiMuto’s proprietary Digital Asset Creation devices (DACky). Buyers can then use the DiMuto Receiver App to acknowledge the receipt of goods and provide feedback, all recorded on the DiMuto Platform to truly close the supply chain loop on one single platform. With the visibility provided by data captured as the product moves through the supply chain, DiMuto helps to reduce disputes over quality and creating trust amongst trade parties.

“IPO is always on the lookout for technology and solutions that would benefit our pineapple growers. I have every confidence that DiMuto’s technology will help create supply chain visibility for our members from around the world and help them grow their international presence,” said William Cavan, Executive Director of IPO.

“We are thrilled to have the support of International Pineapple Organization as we strengthen our presence in the produce industry. With our technology, IPO growers will be able to show buyers the high quality of their pineapples for every single carton before it is shipped. This creates trust and reduces uncertainty amidst the disruptions brought on by COVID-19,” said Gary Loh, Founder and Chief Executive Officer of DiMuto.

This partnership comes hot on the heels of DiMuto’s latest investment from Latin Leap, a Venture Capital Studio focusing on opening up opportunities in Latin America for Southeast Asian tech-scale ups. To date, DiMuto has tagged over 30 million fruits and tracked and traced over US$100million worth of agrifood trades. With presence in 7 countries including US, China, Indonesia, Australia and Mexico, the partnership with IPO will strengthen DiMuto’s international footprint in the global fresh produce industry.

 

DiMuto 4T Suite Solution

-end-

 

About DiMuto

DiMuto is in the business of creating trust. We provide global supply chains with a trade technology platform built on 4Ts: Tracking, Tracing, Transparency and Trust – thus demystifying global trade and enabling collaborative commerce.

The DiMuto Track & Trace blockchain platform creates end-to-end trade visibility and forms building blocks for further value creation in trade financing, product marketing and data analytics. Since 2018, DiMuto has successfully tracked and traced over millions of pieces in produce and millions in dollars of trade value on our platform. We work with a global portfolio of clients in over seven countries and five continents.

DiMuto is founded by executive chairman Mr Gary Loh, who is also the Executive Chairman of First Alverstone Group. For more information, please visit www.dimuto.io.

 

About International Pineapple Organisation

The International Pineapple Organization (IPO) is a Market Driven Organization (MDO) that exists to bring together the greatest minds from the Pineapple Industry in all its forms under one roof on a regular basis throughout the calendar year.

The International Pineapple Organization (IPO) provides a forum for the representatives of Pineapple Producing countries and their counterparts in the various International Markets, Government Bodies, and Scientific Community, to meet on a regular basis and work together in order to ensure the smooth functioning of the Supply & Demand Equation (Market equilibrium).

Founded in 2012, The International Pineapple Organization (IPO) is the sister organization of the International Mango Organization (IMO) founded in 2000 by Executive Director Will Cavan.

 

##

For media queries, please contact:

HuiMin LEE

Email: huimin@dimuto.io

 

Agri-Food Trade Tech Solutions DiMuto Receives Investment from Latin Leap Venture Capital Studio to Broaden Footprint in Latin America

[Joint Press Release DiMuto – Latin Leap]

Agri-Food Trade Tech Solutions DiMuto Receives Investment from Latin Leap Venture Capital Studio to Broaden Footprint in Latin America

  • DiMuto, a Singapore-based trade solutions platform, has secured funding from Latin Leap, a Venture Capital Studio focusing on opening up opportunities in Latin America for Southeast Asian tech-scale ups
  • Through blockchain, IoT and AI, DiMuto uses data from digitalising agri-food supply chain to build trusts amongst supply chain stakeholders and solve agri-food supply chain problems such as food wastage, food safety and food sustainability
  • Latin Leap joins other investors including First Alverstone Capital, SGInnovate and PwC Singapore
  • Funding and support from Latin Leap will expedite DiMuto’s growth in agri-food trade and export driven Latin America

Singapore, 30 March 2020 – DiMuto, a trade tech solutions platform that provides end-to-end supply chain visibility for global agri-food businesses, has raised capital from venture capital studio Latin Leap. The investment and support provided by Latin Leap would help drive further international expansion in Latin America, a market where strong continued growth of fresh produce trade is expected.

A region that has positioned itself as a leading exporter of agricultural products, Latin America’s fruit and vegetable production and exports have grown considerably, particularly for tropical fruits such as bananas, avocados, pineapples and mangoes. According to a 2019 report by the Organization for Economic Co-operation and Development (OECD) and the Food and Agriculture Organization (FAO), tropical fruits accounted for a total export value of around US$15.5 billion in Latin America from 2016-18 and overall agricultural trade surplus has steadily increased over the past two decades to reach US$104.3 billion in 2017.

“With the strong outlook for the agricultural sector in Latin America, I believe that the industry would benefit from digitalization and traceability offered by DiMuto that would bring peace of mind to consumers around the world. DiMuto fits perfectly into our investment thesis of soft-landing tech-enabled businesses with a positive impact on society in Latin America. We are proud to accompany its growth path in the region,” said Stefan Krautwald, General Partner of Latin Leap.

Latin Leap, a newly formed Venture Capital Studio focusing on opening up opportunities in Latin America for Southeast Asian tech-scale ups, is set to base its fund structures out of Singapore with the aim of becoming a partner in the internationalization of the region’s tech sector.

Using blockchain, IoT and AI in its trade solutions, DiMuto digitalizes the agri-food supply chain for data visibility and trade transparency, aiming to solve the industry’s various challenges such as food waste, food safety and food sustainability.

DiMuto creates traceability for every single fruit as they move through the supply chain – from farms, factories, cold chain to distribution channels and end consumers. Through its proprietary Digital Asset Creation devices (DACky), DiMuto tags each fruit and carton with QR labels and captures images of every carton. Data such as relevant trade documents is then associated with the product information and uploaded onto its blockchained trade platform, effectively reducing disputes over quality and creating trust amongst trade parties.

“We are excited to have Latin Leap join us as an investor and partner to grow our presence in Latin America. With data captured using our solutions, stakeholders in the agri-food supply chain are now able to see the quality of fresh produce before it is being shipped, creating trust and visibility in the uncertainty brought on by COVID-19,” said Gary Loh, Founder and Chief Executive Officer of DiMuto.

Enterprise Singapore supported DiMuto’s internationalization journey in Latin America by providing market insights, sourcing suitable in-market partners such as Latin Leap, patent filing, proof of concept and assisting with business development and branding efforts.

Kathy Lai, Deputy CEO of Enterprise Singapore said “A diversified supply chain is part of business continuity planning for companies in today’s operating environment.  Secure digital solutions will be key to address shifts and disruptions in global supply chains, particularly in food security.  Good traceability systems assure safety and quality in global food supply chains. We look forward to assisting more Singapore start-ups like DiMuto in Latin America to support the region’s food sustainability efforts.”

To date, DiMuto has tagged over 30 million fruits and tracked and traced over US$100million worth of agrifood trades. With presence in 7 countries including US, China, Indonesia, Australia and Mexico, the new funding and strategic support from Latin Leap will allow DiMuto to further capitalize on its global growth momentum and help drive further international expansion in new markets in Latin America over the next few months.

 

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About DiMuto
DiMuto is in the business of creating trust. We provide global supply chains with a trade technology platform built on 4Ts: Tracking, Tracing, Transparency and Trust – thus demystifying global trade and enabling collaborative commerce.

The DiMuto Track & Trace blockchain platform creates end-to-end trade visibility and forms building blocks for further value creation in trade financing, product marketing and data analytics. Since 2018, DiMuto has successfully tracked and traced over millions of pieces in produce and millions in dollars of trade value on our platform. We work with a global portfolio of clients in over seven countries and five continents.

DiMuto is founded by executive chairman Mr Gary Loh, who is also the Executive Chairman of First Alverstone Group. For more information, please visit www.dimuto.io.

 

About Latin Leap
Latin Leap is a Venture Capital Studio (VC Studio) being established to create a unique impact investment platform to soft-land purpose-driven tech companies in Latin America and provide access of international scale-ups to deploy in Latin America.  The VC Studio global tech companies with human and financial commitment, and contribute to quality education by fostering knowledge-intensive businesses in the region

The main pursuits in the Latin Leap VC Studio are:

  1. Impact Investment: The investment sweet spot is on purpose-driven companies with proven product market fits from any tech-hub in the world. The initial investment focus country is Singapore, as a result of the strong ecosystem relationships on the market. Latin Leap is an agnostic fund, but tends to target Edtech, Fintech, Cleantech, Agtech, Healthtech and Mobility verticals.
  2. Soft-landing: Latin Leap is scheduled to operate with the efficiencies of tech-based companies, offering preferred access to experienced Venture Partners as gatekeepers, and access to Corporate Partnerships as well as a unique geographical footprint in the testbed market Colombia.

About Enterprise Singapore
Enterprise Singapore is the Singapore government agency championing enterprise development. It also supports the growth of Singapore as a hub for global trading and startups.

The agency attracts global commodities traders to establish their global or Asian home base in Singapore. Today, Singapore is a leading global trading hub with a complete ecosystem for the energy, agri-commodities and metals & minerals trading clusters. Singapore is also home to many global enterprises, startups and investors that operate in its robust pro-enterprise environment.

Enterprise Singapore builds trust in Singapore’s products and services through quality and standards. Renowned for their dedication to quality and innovation, Singapore companies make ideal business partners.

With Enterprise Singapore’s global network in over 35 locations spanning many developed and emerging markets, it connects businesses with relevant Singapore companies for their business expansion.

Visit www.enterprisesg.gov.sg for more information.

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For media queries, please contact:

HuiMin LEE

Email: huimin@dimuto.io

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