TradeIX, secured $16 million Series A investment for its API and blockchain-powered trade platform. Led by ING Ventures alongside other investors, Kistefos, BNP Paribas, Tech Mahindra.
Benoît Legrand, CIO, and CEO of ING Ventures said ING Ventures was always searching for fintechs that provides assistance for a unique experience for clients.
"Extending our current association into an investment brings this solution to even more clients in the near future, engaging them to remain ahead in their business," said Benoît.
Head of Transaction Services Mark Buitenhek said TradeIX offers an incredible solution to financial trade that empowers clients to end up being more productive and transparent.
TradeIX has just partnered together with banks, corporates, and ERP suppliers. Working with blockchain programming firm R3, they are running the Marco Polo initiative. This includes actualizing blockchain innovation into trade transactions made by international banks. TradeIX likewise as of late launched the world's first blockchain-empowered trade finance transaction for global logistics firm DHL.