Tradeteq, the leading private debt and trade finance marketplace that connects asset sellers with institutional investors, is excited to announce its new membership with FCI, the global representative body for the factoring and financing of Open Account Domestic and International Trade Receivables.
This association will empower FCI's members by giving them access to Tradeteq's cutting-edge online marketplace. On the platform, FCI member institutions will be able to list their services free of charge, instantly broadcast portfolios, and share a financing proposition with over 100 institutional platform funders. This will deliver an unparalleled level of access for FCI members to a broad range of institutional investors.
Tradeteq allows users to broadcast offers, track negotiations, analyse their portfolios, and automate legal documentation and asset selection. The online platform enables banks and investors to readily find one another, foregoing the need for specialised brokers - and their fees. In addition, Tradeteq repackages trade finance instruments into tradable and clearable formats, minimising frictional costs, enabling smoother, faster and cheaper transactions between institutional investors and asset sellers.
Founded in 2016, the Tradeteq platform services over 140 clients, who have collectively financed over 2 million instruments through the platform. More than $3 billion worth of notes have been issued under the securitisation as a service offering and the platform continues to grow at an impressive pace. Tradeteq has recently secured US$12.5 million in an A Plus funding round and has rolled out ‘Yieldteq': a tokenized U.S. Treasury offering on the layer 1 blockchain XDC Network.
As FCI's new technology provider, Tradeteq will be keenly involved with the organisation and its activities. Tradeteq is a bronze sponsor of FCI's upcoming annual meeting in Marrakesh, where it will also introduce the platform, participate in roundtable discussions, and run a booth.
Lenna Russ, Chief Revenue Officer at Tradeteq, commented: "It is a great privilege to come on board as a technology provider for an organisation as distinguished as FCI. We believe that our tools will greatly benefit its factoring company members, centralising and rationalising the service and portfolio proposition process."
Peter Mulroy, FCI Secretary General commented: "We are delighted to welcome Tradeteq as our newest member. They represent a new era in Factoring as they offer a digital platform to support our members access to debt capital, and help institutional investors engage with this critical asset class. At a time when liquidity is often scarce, innovations like Tradeteq's digital marketplace is a welcome development for our Industry."
About Tradeteq
Tradeteq is the leading provider of data, technology and software to the trade finance and private debt sectors. Founded in London in 2016, Tradeteq has built the marketplace infrastructure to power private debt investments and help investment managers and asset sellers efficiently connect, interact, and transact.
Tradeteq's team delivers deep cross-disciplined knowledge together with client focus and understanding. Its digital platform enables it to be a true innovation partner to clients, significantly accelerating their pace of technology adoption while reducing complexity and costs.
FCI is the Global Representative Body for Factoring and Financing of Open Account Domestic and International Trade Receivables. FCI was set up in 1968 as a non-profit global association. With today close to 400 member companies in more than 90 countries, FCI offers a unique network for cooperation in cross-border factoring. Member transactions represent nearly 60% of the world's international correspondent factoring volume.
FCI is a non-exclusive organization, open to any company which is providing Factoring Services or plans to set up Factoring Activities but also to service providers to the industry.
FCI offers three major areas of activities:
- CONNECT: the Business network supports cross-border factoring activities through which its members cooperate as export and import factors
- EDUCATE: FCI promotes and develops best practices in both domestic and international factoring and related Open Account Finance products
- INFLUENCE: FCI promotes and defends the Industry with stakeholders and policy makers worldwide
