US-based R.J. O’Brien & Associates (RJO) and UK-based digital solutions provider for the commodity trading industry, Phlo Systems, have entered into a strategic technology partnership this month, along with an undisclosed equity investment.
This announcement comes on the back of RJO’s “Technology Partnership Initiative,” launched last year to foster greater collaboration and innovation within the sectors serving the commodity markets.
This first partnership will further expand RJO’s business, and the company will integrate Phlo Systems with its Hrvyst agricultural technology solution.
Phlo was particularly attractive due to its numerous software platforms, such as tradePhlo, opsPhlo, and finPhlo, all of which are recognised for empowering commodity traders to manage complex workflows, compliance, and financing.
Brad Giemza, RJO’s Managing Director and Chief Risk Officer, said: “As the global commodity markets continue to evolve, technology plays a more critical role than ever. Our investment in, and partnership with, Phlo Systems – the first of many to come – will enable us to bring modern, scalable solutions to our clients. Phlo Systems’ platform aligns with our vision of providing innovative solutions that enhance decision-making, streamline compliance, and reduce operational costs.”
Saurabh Goyal, CEO of Phlo Systems, said: “We are thrilled to welcome R.J. O’Brien as both a strategic partner and an investor. This partnership not only enhances our credibility in the marketplace but also provides the capital needed to accelerate our growth and realise our vision of becoming a global leader in the digitisation of commodity trading, trade finance, and international trade compliance. RJO’s deep expertise in commodity markets, combined with our technology, will unlock tremendous value for both of our customer bases.”
