New technologies on their way to new markets


Dinalog and Holland FinTech are collaborating on an ambitious program: Logistics and fintech. Together with several parties we aim to share knowledge and seek collaboration throughout the logistics value chain. We aim to create sustainable, collective solutions that support the continued development and application of fintech in logistics.

What is Fintech?

Fintech stands for financial technology, a much-used term for large IT services providers in the financial industry. Recently the word ‘fintech’ was being used to refer to a new group of organizations, the so-called fintech start-ups. These firms are relatively young and small. They focus on specific financial services, offering digital solutions to the financial industry or independently offering financial services to consumers or organizations.

Ultimately, fintech consists of start-up companies and established financial and technology companies trying to replace or enhance the financial services offered by incumbent companies. Fintech services may not be well-known to the general public, but they are already widely used and accepted.

The state of logistics

The logistics industry can be characterized as an extensive chain of companies in which goods are moving from one physical party to another. Logistic service providers operate on water, air, and on the (rail) road. They include like producers, shippers, warehouses and transporters. Logistics is often described as a fragmentised industry that is slow to adopt trends. But the logistics sector is also a powerful economic player, especially in the Netherlands, which has a good reputation when it comes to logistics. Our country is a major global hub. This creates significant added value. There are over 813,000 logistics jobs in the Netherlands, and the total production value of the Dutch logistics sector adds EUR 125 billion a year.

Fintech for logistics services

How is technology making life easier for all parties along the supply chain?  How does it improve co-operation between parties for mutual benefit?

We see three relevant areas for opportunities

Administration, working capital & supply chain finance

Provision of working capital

In many supply chains there is not yet room for SCF arrangements to leverage the creditworthiness of big buyers. In those cases logistic companies can solve their capital needs through other supply chain finance schemes.
Several banks and fintechs have designed complete packages specifically for logistics, including a platform, a legal structure and supplier care.

Optimizing administrative processes

  • Increase the pace and compliancy of approval processes
  • Improve the quality of information about delivery
  • Lead to better matching between invoices and contracts
  • Share clear and direct information on approval of clients
  • Create digital connections between companies

International business, borders and trust

International supply chains are more complex than regular supply chains due to the large number actors involved. Working in multiple jurisdictions, tax regimes and dealing with customs is a hassle, with lots of paperwork. Besides that, the actors further down the line are often unknown and require measures to secure payment, like LC’s and guarantees.

Equipment, inventory and real estate

Logistics data is increasingly available, especially when equipment and shipments are connected by the Internet-of-Things. This data provides investors and insurance companies with more and more accurate information on logistics processes, logistics assets, and financial and operational risks. This allows financial institutions and investors to generate more thorough risk analyses of companies and business opportunities.Customer insights allows fintech service providers the opportunity to deliver customer-specific and asset-specific financial arrangements.

What is next for Logistics & FinTech?

The fragmented and dynamic market for Fintech products and services is expected to increase in volume and complexity in the coming years. A guiding To encourage collaboration between logistic companies and innovative Fintech solution providers, Holland Fintech and Dinalog will:

  • Create awareness and mutual understanding between parties by sharing comprehensive knowledge
  • Invite logistics companies, startups, banks, insurers and all others to explore together relevant new solutions and how they can be applied in specific logistics use cases
  • Support matchmaking and the set-up of pilots or other collaborative initiatives to test the application of fintech solutions in logistics
  • Engage stakeholders in identifying existing challenges and new ambitions (described in a white paper)


These efforts aim to trigger action from within the industry to enable the Netherlands to become the world’s best logistics sector by 2020.

Albert Veenstra, Executive Director, TKI Dinalog

Don Ginsel, CEO & Founder of Holland FinTech