Fintech Innovations International, parent company of TradeAssets, the global institutional e-Marketplace, announced that they have recently secured funding of USD 1 million from a private investor (CEO of a successful tech company and investor in in high potential tech startups), taking the cumulative funds attracted by the company from promoters and private investors in excess of USD 2.5 million.
Retrospecting on TradeAssets’ growth over the past year and the recent fundraise, Founder and CEO Lakshmanan Sankaran said:“TradeAsset’s progress over the last year has further validated our business model. Banks are actively trading on our platform and transaction revenues are rising with newer geographies and trade corridors creating a healthy flow of assets on the platform. We are honored by the trust our member banks and investors have placed in us and we thank all our partners and stakeholders”.
TradeAssets has been building a global enterprise with powerful technology and a growing ecosystem. The latest funding demonstrates both the value and potential of the business and offers Fintech investors a niche, robust segment of a focused B2B e-marketplace to keep their eyes on.
Commenting on future plans, Co-founder and CMO Sumit Roy said:“We are looking at consistent growth across all areas. More members in different geographies, more deals across trade corridors, more asset types, state of the art technology and valuable information on global trends will entrenchTradeAssets’ position as the leading e-marketplace for banks worldwide”.
TradeAssets is the first trade finance e-marketplace of its kind for Banks. Founded by Lakshmanan Sankaran and Sumit K Roy and joined by other senior banking professionals, TradeAssets is creating a global ecosystem of financial institutions trading in secondary and primary trade finance assets while securely connected 24/7. With a growing clientele of nearly 80bank members from over 25 countries, and over US dollars 1 billion in posted volumes in the first ten months of 2021, this unique e-marketplace is deepening its global reach with the growing participation of the world’s relevant and prominent institutions.