Traydstream signs up first ever Trade Fund, Challenger

Traydstream is delighted to add Challenger, an emerging markets focused Trade Finance fund, to its growing portfolio of clients in production. The Fund invests into collateralized, short-dated trade finance transactions, which involve all facets of the trade cycle including the purchasing, transportation and storing of the underlying products as well as the final sale of the product to the off-taker Co-Founder Gary Isbister commented, “We have always maintained that operations is a vital cog in the trade finance process, and upon seeing the capabilities of this technology, we believe it to be the perfect tool to supplement our product offering. We see huge opportunities with the platform to help us scale, mitigate risk and use the data to drive our growth plans.” Uzair Bawany, Chief Commercial Officer at Traydstream added “Challenger is a great growth story and we are really excited to be working with our first Trade Finance fund. A first for our sector. This is a great example of another use case that our platform can support and we are delighted to be part of Challenger’s global growth” Srividya Subramanian, Head of Global Sales for MENA & APAC, also commented “The African market has so much potential and we have been pleased with the progress we are rapidly making with like-minded clients and partners. There are many exciting possibilities to explore.”