Nils Behling, fellow co-founder and CFO went on to explain what the money will be used for: “This successful funding round allows us to significantly accelerate Tradeteq’s development and to secure our position as innovation leader in the digital transformation of trade finance.”
Tradeteq provides the collaborative network for investors and originators to connect, interact, and transact. Tradeteq delivers AI-powered credit analytics, reporting, investment, and operational solutions.
Tradeteq transforms trade finance assets into transparent and scalable investments by offering a collaborative network for trade finance investors. The service delivers credit analytics and reporting, to help investors understand and scale their assets.
The company states that $150m of assets have been processed through the platform.
Mike Dimelow, CIO at ADV, commented on the company’s decision to invest: “The global trade finance market is worth $12trn USD annually, which is largely managed by banks and currently isn’t an investable asset class for institutions. Tradeteq want to change all that by bringing Artificial Intelligence to the market through a marketplace platform which should open up trade finance to a more diverse set of companies than traditional credit scoring models do, expanding the market and enabling institutions to provide capital to emergent and fast growing SME/SMB’s.
“This is a huge opportunity and is a space that Tradeteq’s founding team have years of world-leading trading experience within and are ready to redefine the industry. I’m delighted we can play a small part in such a bold mission,” he added.