UK fintech Traydstream lands $21m in Series B funding round
UK trade finance fintech Traydstream has secured $21 million in a Series B funding round led by Pivot Investment Partners and e& Capital.
Founded in 2015 and based in London, Traydstream operates a cloud-based platform and provides automated trade document scrutiny and compliance checking solutions to financial institutions and corporates in order to help them “streamline trade finance operations, reduce risks and enhance efficiency”.
With the new funding, Traydstream plans to double down on its growth and enhance its artificial intelligence (AI)-led platform and expand its technology stack as it looks to offer enhanced services to a “growing global clientele”.
Sameer Sehgal, CEO of Traydstream, says the funding marks an “important milestone” for the company.
“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,” Sehgal says.
“With the support of Pivot and e& capital, we are committed to accelerating our product innovation, extending our technology leadership, and driving fundamental shifts in how trade finance operates.”