Traydstream secures £17.2m in Series B funding led by Pivot Investment Partners and e& capital
The Series B round was led by Pivot Investment Partners and e& capital to scale the company artificial intelligence platform and expand operations.
Traydstream provides automated trade document scrutiny and compliance checking solutions for financial institutions and corporates. The firm uses digital technology to streamline trade finance operations and reduce risk.
Traydstream has secured £17.2m in Series B funding to advance its automated trade finance platform. The round was led jointly by Pivot Investment Partners and e& capital, and will be directed towards enhancing the company technology stack and accelerating product innovation. Executives noted that the financing arrives at a critical juncture for digitising global commerce and expanding client operations.
The capital injection follows strong traction across multiple geographic markets for the fintech provider. Management intends to use the resources to scale its compliance checking and risk management capabilities while serving a growing roster of banking and corporate clients.
From the founder
"This Series B funding marks an important milestone in Traydstream’s journey. The trade finance ecosystem is at an inflection point, and with innovative technologies, we see the power of converging capabilities to simplify the lives of all involved in trade and commerce worldwide."
Sameer Sehgal
CEO at Traydstream
Investor perspective
"As B2B fintech investors, we invest in high-quality management teams with deep industry expertise who bring distinctive and durable tech-enabled solutions to addressing key-critical needs. With less than 1% of global trade occurring digitally, modernising trade finance represents a massive opportunity. We have been greatly impressed by Traydstream’s team, platform, and strong traction with clients across geographies. We look forward to partnering with the leadership team on this exciting next phase of the company’s growth, accelerating momentum and serving the needs of a fast-growing roster of clients, both banks and corporates."
Dinkar Jetley
Managing Partner, Pivot Investment Partners
Use of funds
- 01Continue product development
Investors
Categories
About the company
Traydstream
Traydstream automates trade document scrutiny and compliance checking for the finance industry.