Fintech Horizons: Tradeteq evaluating timing of its next raise, CEO says

Tradeteq, a London-based provider of an electronic trading platform for trade finance assets, is evaluating the timing of its next capital raise, said Christoph Gugelmann, co-founder and CEO.

The company, which has raised $10m in total funding, is ready to reach out to investors for funding as soon as Tradeteq sees a “healthy” investment market, Gugelmann explained. Given the current environment with the pandemic, Tradeteq is evaluating whether it makes sense to move forward with a raise this year or delay it until early 2021, he explained. Valuation will be a key driver into its decision, he noted. Adding that they have worked diligently to de-risk the company substantially and it has a successful customer track record to validate itself in the market, which Tradeteq expects to contribute positively to its next round’s valuation.

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