TradeTeq, the provider for securitisation-as-a-service and bank asset distribution has announced the completion of its 12.5 million dollar 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 industrial investors to help address in the pressing global lending shortfall.
The round is leD by US-based MS&AD Ventures, with substantial investment from other venture capital firm Interlock Partners. Both add invaluable industry insights and will help TradeTeq to establish its US operations, improving issuance infrastructure to cater for the demands of US-based investors. Interlock was joined by Victor Ganzi, one of its investors and advisors, whose previous 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 represents a bold step in Tradeteq’s mission, ahead of it entry into the US, the world’s biggest private credit and securitisation market. Following its inception, the company has provided a platform for the banks to securitise and distribute their trade finance assets to investors. Earlier this year, TradeTeq extended its primary issuance platform to cover private credit, facilitating the connection of leading global banks and alternative lenders, for them to interact and transact with institutional investors, such as the pension funds and insurance companies.
In addition, Tradeteq’s workflow automation and securitisation-as-a-service transforms private credit into tradable financial instruments to enable wider investor intake. Real-time processing and standardised repackaging of assets lowers friction costs and results in higher investment yields. Up until now, Tradeteq has facilitated the issuance of more than 2.75 billion dollars worth of notes.
Moreover, Jon Soberg, Managing Partner at MS&AD Ventures, and Harry Hawks, Venture Partner at Interlock, will be joining the board as observers. Both of them 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.”
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