Fintech company Instimatch Global from the canton of Zug has raised 11.5 million francs in a Pre-Series A funding round. According to a press release, existing shareholders, members of the management team, business contacts and new institutional and private investors took part in the financing round.
Instimatch Global AG, which was established in 2017, is planning to use the newly acquired capital “to strengthen its position as a leader in the digital trading platform space.” It aims to further expand its market reach, accelerate product development and launch new products. This successful financing round will give the company “enough time to prepare our Series A in 2024,” says CEO Adrian Edelmann.
According to the press release, Instimatch Global has this year achieved customer growth of 63 per cent, successfully entered the market in four new countries, and launched its latest self-developed product, a repo trading platform. “The funding round will bring the international reach of Instimatch Global to the next level,” says board member Peter Guntlin, “built on its scalable platform that can be tailored to local needs”. ce/mm