AI enhanced Trade Finance Network Tradeteq Secures $9.4 Mill

AI enhanced Trade Finance Network Tradeteq Secures $9.4 Million via Series A Round from US Tech Investors


AI enhanced Trade Finance Network Tradeteq Secures $9.4 Million via Series A Round from US Tech Investors
January 23, 2021 @ 8:31 pm By Omar Faridi
Tradeteq, a company that offers an AI-enhanced collaborative network for trade finance investors and originators to connect, interact, and transact, has finalized its $9.4 million Series A investment round from a group of US-based tech investors.
Tradeteq has now raised over $16 million since it began offering services. Tradeteq intends to use the funds raised to speed up its product development while expanding its business operations.
The company offers its technology and services to banks, credit insurers and fund managers so that they can streamline asset distribution and lower friction costs via automation. This includes the option to package various trade finance products into standardized investments which may be purchased and sold via private distribution networks and settled just like common fixed income products.

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