Today TradeIX announced a new investment round of $16m led by ING Ventures. The additional Series A investors were BNP Paribas, Tech Mahindra, and existing investor Kistefos.
TradeIX is a UK-based technology solution provider in the trade finance sector. TradeIX licenses its trade finance platform and apps to banks and integrates it with their existing infrastructure. Part of their solution is connectivity between banks as well as corporates using distributed ledger technology.
The company is a technology partner in the
Marco Polo open account trade finance consortium, alongside R3. ING and BNP Paribas are members of Marco Polo as well as the R3 Letters of Credit consortium Voltron.
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