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A Swiss fintech startup has raised 120 million francs

Zurich – Fintech startup Tradeplus24 AG raised more than CHF 120 million in equity and debt in a round under the leadership of SIX Fintech Ventures, Berliner Volksbank Ventures (BVBV) and Credit Suisse, a record for Swiss fintech startups.

Tradeplus24, which provides working capital credits to small, mid and mid-cap companies, completed its Series A round and, in addition to existing investors, Credit Suisse Entrepreneur Capital and Ruvercap, has won SIX Fintech Ventures and BVBV as investors providing the financing Zurich-based startup to further boost growth.

Easier fundraising for SMEs

Established in late 2016, Tradeplus24 specializes in helping small and medium-sized enterprises to finance their working capital by offering innovative, worldwide credit solutions that make borrowing easier and cheaper.

“The inclusion of SIX and Berliner Volksbank in our investor family is a really big step forward forTradeplus24, because with this additional growth capital we can double our involvement in the Swiss market and also launch our global expansion plan.

We are also very pleased that both Credit Suisse and Ruvercap will provide additional leverage to support this growth, “said Ben James, CEO of Tradeplus24. (Venturelab / mc / HFU)

Also published on Medium.

Published inFintech

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