Traydstream announces new $8 million Series A funding round

By Megha Bhattacharya

London-based FinTech Traydstream has announced the closure of its $8 million Series A funding round led by Spearhead Capital in a round from institutional and private investors, including AFG Partners and several European Family Offices.

“It’s been inspiring to see the interest in Traydstream and our business mission from our investors. This funding round allows us to accelerate our investment into infrastructure and people as we look to serve clients globally and across diverse time zones” said Sameer Sehgal, CEO, Traydstream.

“We have assembled a world class team and it’s exciting every day to reimagine trade, using the latest technology innovations at our disposal. It’s a fantastic opportunity to serve our clients, financial institutions and corporates all over the world, with truly unique solutions which make their lives so much simpler and frictionless”.

Established in 2016, Traydstream aims to digitize and automat document checking to improve efficiency and reduce risk. The platform is powered by an AI-enabled platform that digitizes structured and unstructured elements, automates trade rules and compliance checks with full centralized auditability.

Ron Savino, Managing Partner, AFG Partners, notes “We’ve been impressed by the team at Traydstream, their experience, vision and the progress they have made thus far. Having researched the market, we believe their solution is unique and fundamentally game-changing for the Trade Finance industry. They continue to extend their platform by adding innovative new products and features that we believe will define best practices for the industry.”