Traydstream Raises $3.5m to Redefine Trade Finance Processing with AI

Sameer Sehgal, Chief Executive Officer at Traydstream
Sameer Sehgal, Chief Executive Officer at Traydstream

Traydstream has raised $3.5 million in a pre Series-A round co-led by a group of ultra high net-worth individuals (UHNI) and Gauss Ventures. The funding will be used to accelerate the commercialization of its AI powered trade document automation platform.

The FinTech startup has increased the offering size from its initial amount of $2 million from existing shareholders on account of strong investor demand. This round brings Traydstream’s total funding to date at circa $6.0 million.

Leading investors include UHNIs, which has a deep understanding of trade financing in America, Europe, Middle East and Asia, and Gauss Ventures, which specializes in fintech growth strategies.

Daniel Gusev, Managing Partner from Gauss Ventures, commented: “We see in Traydstream an intelligent, scalable solution, developed by an experienced team, that can be easily implemented into clients’ existing processes to solve a real global problem.”

Traydstream is a cloud-based platform whose modular technology digitizes and stores Trade Finance documentation, extracting the data intelligently and, based on machine-learnt experience, validating the
transaction documentation against a vast, evolvable library of Trade Rules and Compliance checks. The platform streamlines Trade Finance processing.

Sameer Sehgal, Chief Executive Officer at Traydstream, said: “The success of this offering demonstrates that our approach to developing a solution anchored in today’s issues but with an eye for fast evolving future capabilities and complimentary, new-age technologies is resonating with investors. ’We are both humbled and honoured by the
trust that our investors have reposed in us and look forward excitedly to rolling out our solutions in the market place’’.

Achille d’Antoni, co-founder of Traydstream, added: “I’m truly proud of how the entire team has contributed concertedly into creating a world class solution. These are exciting times in the Trade Finance industry, to see how technology can dramatically improve the experience for all players’.

The company’s AI powered platform automates document scrutiny and compliance checks, thus reducing the costs, complexities and timescales of trade processing.

In addition to accelerate its commercial penetration plans, Traydstream will use the additional $3.5 million in funding to support new client mandates and continue its product roadmap.