The investment came from a consortium of US technology investors. This brings the total raised since the company launched to more than USD 16 million. Tradeteq plans to use the funding to speed up its product development and expand its geographical reach.
The firm provides banks, credit insurers and asset managers with the technology and services to offer asset distribution and reduce friction costs through automation. This includes the ability to package trade finance products into standardised investments that can be bought and sold through private distribution networks and settled like common fixed income products.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.