Pivot Investment Partners in New York Back London's With its latest funding round, Traydstream suggests a greater change ongoing in the trade finance industry around the world. Read inside to find out more about it.
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London-based Traydstream, a company specializing in trade finance technology, secured $11 million (approximately €9.3 million) in tentative funding led by PIVOT Investment Partners, with strong participation from E&Capital.
New York-based Pivot Investment Partners is an investment company that works with its founders to develop new financial technology companies.
Pivot Investment Partners invests in companies working to improve financial services infrastructure and technology for the global market.
“We're committed to providing a range of services to our customers,” said Dinkar Jetley, managing partner at Pivot Investment Partners. “TraydStream is at the forefront of trade automation. Our management team combines exceptional trade domain expertise with world-class technology skills.
“We are particularly excited by the synergy between trade processing and trade financing. By promoting suppliers and trade financing along with real-time bank distribution, Traydstream is solving some of the industry's most pressing and practical challenges,” adds Jetley.
The company will use its funds to accelerate global expansion, strengthen AI-driven trade finance solutions, and further digitize and automate the trading processes of banks and businesses in 66 countries.
Traydstream: Simplifying trade finance
Leaded by Sameer Sehgal, Traydstream focuses on trade finance technology.
British companies are developing software that streamlines and simplifies long and complex processes of trade finance, aiming to trade safer and more efficient transactions around the world.
The platform is cloud-based and digitizes trade finance documents, extracts data and validates them against a wide library of trade rules and compliance checks through machine learning.
The company is on its mission to simplify and strengthen its processing of trade finance.
“We're excited to announce that we're looking forward to seeing you in the future,” commented Sameer Sehgal, CEO of TraydStream. “Trade finance is at a true inflection point. We have a suite of recently launched products, ranging from 66 countries each year, doubled annually, distribution, suppliers, sales finance to compliance and enhanced analytics. ML, agents across the global trade ecosystem, and Genai capabilities.”
