Traydstream, a leading fintech company revolutionizing the trade finance industry through digitalization and automation, has successfully concluded its Series B financing round, raising a total of $21 million.
The investment round was led by Pivot Investment Partners, a notable fintech investment firm based in the United States, and e& capital, the investment arm of e&. The primary objective of this funding is to support Traydstream’s continued growth and advance its mission of transforming trade finance.
Traydstream plans to utilize the funds to enhance its AI-powered platform, which has already gained recognition for its significant impact on trade documentation scrutiny, compliance checks, and risk management. The company aims to further expand its technology stack to deliver unrivaled efficiency, accuracy, and agility for its expanding global clientele.
Dinkar Jetley, Managing Partner at Pivot, emphasized their investment strategy of supporting management teams with profound industry knowledge and robust tech-enabled solutions. With less than 1% of global trade occurring digitally, modernizing trade finance presents a substantial opportunity. Jetley expressed admiration for Traydstream’s team, platform, and impressive client traction across various regions. The partnership with Traydstream will accelerate momentum and cater to the needs of a fast-growing list of clients, including banks and corporations.
Kushal Shah, Managing Director of e& capital, echoed Jetley’s sentiments, stating that Traydstream’s commitment to driving innovation in the trade finance sector aligns perfectly with their investment philosophy. Shah believes that by leveraging cutting-edge technology, Traydstream has the potential to redefine industry standards. The UAE and the Middle East, in particular, hold significant trade opportunities, and e& capital aims to expand its expertise and reach to make a meaningful impact on SMEs and corporations in the region and globally.
Traydstream’s CEO, Sameer Sehgal, expressed his excitement about the potential of the funding round. He emphasized the company’s dedication to revolutionizing the trade finance landscape and highlighted the positive impact their AI-powered platform has already had on the industry. Sehgal expressed gratitude to the investors for recognizing Traydstream’s potential and their commitment to supporting the company’s growth.
Traydstream’s successful Series B financing round marks a significant milestone in their journey to transform trade finance through cutting-edge technology and automation. With the support of Pivot Investment Partners and e& capital, Traydstream is well-positioned to continue its expansion and industry disruption, delivering unparalleled solutions to trade finance challenges worldwide.
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