Tradeteq, a London, UK-based technology provider of a SaaS platform for trade finance asset securitization and distribution, has raised $12.5 million in Series A Plus funding. The round was led by MS&AD Ventures, a Japanese venture capital firm with over $1 billion in assets under management. Interlock Partners, a US venture capital firm that invests in financial technology, also participated in the round. Victor Ganzi, a former CEO of The Hearst Corporation and Chairman of Willis Towers Watson, also invested in the round and will join Tradeteq's board of advisors.
Tradeteq will use the funds to expand its operations and develop new partnerships. The company's platform helps banks securitize and distribute their trade finance assets to investors. Tradeteq's platform also covers private credit, making it easier for banks and alternative lenders to connect with investors, such as pension funds and insurance companies. Tradeteq was founded in 2017 by CEO Christoph Gugelmann and CTO Christian Egger. The company has over 50 employees and is headquartered in London.
