TradePlus24 secures 120 million Swiss francs
TradePlus24 AG provides working capital facilities specifically for SMEs that make raising funds simpler and more flexible. In addition, the Fintech start-up offers credit insurance to protect companies against payment defaults of their debtors.
According to a press release at startupticker.ch, Tradeplus24 has now raised 120 million Swiss francs in a Series A financing round. The article states that the company does not disclose how much of this money is granted as debt facilities and what amount has been raised as equity investment. The round was led by SIX with its risk capital fund SIX Fintech Ventures along with the investment vehicles of Berliner Volksbank and Credit Suisse. Zurich-based investment company Ruvercap, which specializes in private investments, also granted debt facilities.
TradePlus 24 wants to use this additional growth capital to double down on its commitment to the Swiss market and also press ahead with its global expansion plan.
TradePlus24 was launched in 2016 and is based in Zurich.