23 May 2018

CreditTrade raises $8 million funding

22 August 2002  |  2859 views  |  0 CreditTrade raises $8 million funding

CreditTrade, a provider of transaction, data and information services to the credit markets, has closed a third round of investment raising over $8 million.

This latest round was led by European venture capitalist Favonius Ventures and existing investor Internet Capital Group (ICG) and also included Richard Fisher, Chairman Emeritus of Morgan Stanley.

CreditTrade says it will use the new funds to broaden its product portfolio, which currently includes credit derivatives, structured products and loans. In addition, the firm says it will continue to invest capital in its data business, building on its existing data services: CreditTrade Market Prices and Benchmarks with a number of new data products in the pipeline.

Following the transaction, Matthias Allgaier, managing director of Favonius Ventures, will be joining the board of CreditTrade.

He says: "CreditTrade has rapidly established itself as a leading player in the burgeoning credit derivatives market...We firmly believe that over the coming years CreditTrade will grow to be the key player in this market."

Institutional investors in the Favonius fund include ABN Amro, ING, and California State pension fund Calpers.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

SunGard buys Monis

SunGard buys Monis

13 August 2002  |  4176 views  |  0 comments
CreditTrade and Totem in credit derivatives joint venture

CreditTrade and Totem in credit derivatives joint venture

05 August 2002  |  3419 views  |  0 comments
Monis targets hedge funds with credit risk analytics

Monis targets hedge funds with credit risk analytics

27 June 2002  |  2964 views  |  0 comments

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.ebaday.comVisit http://go.jumio.com/finextraAd

Top topics

Most viewed Most shared
PayPal agrees $2.2 billion deal for iZettlePayPal agrees $2.2 billion deal for iZettl...
9890 views comments | 16 tweets | 28 linkedin
BBVA begins global roll-out of unified mobile appBBVA begins global roll-out of unified mob...
8714 views comments | 6 tweets | 5 linkedin
Japanese banks join quantum computing hubJapanese banks join quantum computing hub
7366 views comments | 8 tweets | 5 linkedin
SEC lures wannabe crypto investors with fake ICO siteSEC lures wannabe crypto investors with fa...
6882 views comments | 7 tweets | 11 linkedin
Fed governor: Digital tokens for financial settlement hold promise for central banksFed governor: Digital tokens for financial...
6587 views comments | 7 tweets | 11 linkedin

Featured job

Basic c Euro 120K, Variable Euro 120K - full ben...
Paris prefered London possible

Find your next job