Tradeplus24 raised CHF 120 million
The Zurich-based fintech startup Tradeplus24 announced its successful raising of CHF 120 million in equity and debt, a record for Swiss fintech startups, in a round led by SIX Fintech Ventures, Berliner Volksbank Ventures and Credit Suisse alongside existing investor Credit Suisse Entrepreneur Capital and Ruvercap. Launched in late 2016, Tradeplus24 specializes in supporting SMEs & Mid-Market companies with their working capital financing needs by providing innovative worldwide receivables-backed lending solutions that make raising funds simpler and more cost effective.
Berliner Volksbank Ventures was advised by Lenz & Staehelin. The team was led by partner Beat Kühni (Corporate and M&A) and included associates Fabiano Menghini and Marc Zimmermann (both Corporate and M&A).