Plans for US expansion bolstered with new strategic partnerships, including Interlock Partners, and board additions.
Tradeteq, the pioneering technology provider for securitisation-as-a-service and bank asset distribution, has announced the completion of its $12.5 million A Plus funding round.
Established by former investment bankers from leading Wall Street firms in 2016, Tradeteq connects trade finance and private credit originators with institutional investors to help address the pressing global lending shortfall.
The round is led by US-based MS&AD Ventures, with significant investment from fellow venture capital firm Interlock Partners. Both add invaluable industry insights and will aid Tradeteq in establishing its US operations, transforming issuance infrastructure to cater for the demands of US-based investors. Interlock was joined by Victor Ganzi, one of its investors and advisors, whose former roles included CEO of The Hearst Corporation, Chairman of Willis Towers Watson, Chairman of Foster + Partners, among others. Mr. Ganzi will join Tradeteq as an advisor.
This strategic investment signifies a bold step in Tradeteq’s mission, ahead of its entry into the US, the world’s largest private credit and securitisation market. Since its inception, the company has provided a platform for banks to securitise and distribute their trade finance assets to investors. Earlier this year, Tradeteq extended its primary issuance platform to cover private credit, making it easier for the leading global banks and alternative lenders to connect, interact and transact with institutional investors, such as pension funds and insurance companies.
Moreover, Tradeteq’s workflow automation and securitisation-as-a-service transforms private credit into tradable financial instruments to enable wider investor uptake. Real-time processing and standardised repackaging of assets reduces friction costs and results in higher investment yields. To date, Tradeteq facilitated the issuance of more than $ 2.75 billion worth of notes.
Furthermore, Jon Soberg, Managing Partner at MS&AD Ventures, and Harry Hawks, Venture Partner at Interlock, will be joining the board as observers. Both bring a wealth of knowledge and experience, which will further strengthen Tradeteq’s governance and commitment to the financial ecosystem.
Christoph Gugelmann, Tradeteq CEO, commented: “We are delighted to have the backing of our new partners. The strategic alliance with MS&AD Ventures and Interlock Partners will be vital as we lay the groundwork for our US operations. In particular, we are extremely pleased to gain the insights and expertise of Victor Ganzi. We were gratified with the participation and continued support of existing investors LGGP and Niya Partners to complete the funding round.
“The combined expertise of our new partners will undoubtedly support our global mission to facilitate transactions between trade finance and private credit originators with institutional investors to help boost corporate lending, which is one of the key factors that will help drive economic recovery.”
Jon Soberg, MS&AD Ventures, commented: “Tradeteq is an incredibly exciting business with significant potential to grow and scale. The firm identified the need to streamline the process that transforms diverse pools of assets and risks into tradable securities and developed a solution that addresses this, which empowers asset sellers and investors to connect, access and distribute private credit and other real assets seamlessly. We believe in Tradeteq’s vision and mission and look forward to collaborating closely as they expand into the US market and beyond.”
