Credit Suisse acquires majority stake in automated lender Tradeplus24

Credit Suisse has acquired a majority stake in alternative finance startup Tradeplus24 and plans to offer the Zurich-based firm's lending platform to its own SME customers.

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Credit Suisse acquires majority stake in automated lender Tradeplus24

Editorial

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Founded in March 2016, Tradeplus has developed a product that offers a way for SMEs and mid-market companies to increase their working capital and lend against account receivables.

The A-1 financing round was led by SVC-Ltd, the venture capital investment vehicle owned by Credit Suisse and advised by Helvetica Capital AG.

Andreas Gerber, head of SME business at Credit Suisse, says: “The Tradeplus24 lending product, perfectly builds upon our existing lending offering which allows us to reach out to our existing clients but also tap into new market segments.”

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Comments: (1)

Hitesh Thakkar

Hitesh Thakkar Technology Evangelist (Financial Technology) at SME - Fintech startups (APAC and Africa)

Great news and Kudos to Tradeplus24 team for all those innovative ideas to build customer base.

Pride for being part of it during initial phase with Tradeplus24.

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