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Bank Frick acquires Tradico to strengthen its fintech capabilities

Manuel Hehle, Tradico CEO and Co-Founder

Liechtenstein-based Bank Frick has announced that they are acquiring a majority holding in German start-up, Tradico AG to strengthen its fintech capabilities.

Tradico was founded in 2015 and offers cross-sector trade-finance solutions to SMEs in Germany, Austria and Switzerland (DACH region). It acts as an intermediary between supplier and purchaser and provides financing for the order that has been arranged. The invoice for the goods is sent to Tradico and the goods are sent to the customer. The latter then benefits from a longer payment term from Tradico. The company’s vision: we provide fast and smart liquidity to businesses through our working capital hub. The company has seen a turnover of over EUR 60 million since its inception in 2015.

“Tradico offers a highly efficient alternative to the traditional bank loan”, explains Melanie Mündle, the CFO of Bank Frick. “By acquiring the fintech company we are gaining access to an innovative technological solution that enables us to expand the Bank’s financing business strategically.”

Tradico’s experienced management team under the leadership of Manuel Hehle will guide the company into the future: “Bank Frick’s acquisition of Tradico confirms the Bank’s belief in our business model’s potential. With it as our owner, and with new capital, we can focus on growing and scaling our business”, he says, delighted with the new prospects. “Alongside our existing target market Germany, we will now be able to expand our market presence in Switzerland and provide companies there with straightforward, fast access to liquidity. This will revolutionise liquidity management for SMEs.”

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