7 years ago

TradeIX Secures $16 Million Series A Funding for Blockchain-based Trade Finance Platform

  • TradeIX, a UK-based provider of an open platform for trade finance, has secured $16 million in Series A funding led by ING Ventures

  • The company will use the funds to accelerate hiring, further customer acquisition, and invest in the development of its open platform for trade finance

  • TradeIX leverages blockchain technology to create a decentralized platform that connects with existing trade platforms and applications, improving transparency, speed, and efficiency in trade transactions.

      • ProblemFinancial Services

      "Trade finance is slow, expensive, and opaque. Businesses need a more efficient way to finance their trade transactions."

      Solution

      "TradeIX provides a blockchain-based open platform for trade finance that connects with existing trade platforms and applications, making trade business more transparent, faster, and efficient."

      Covered on