Tradico
Company

Last deal

$1.06M
Local Amount - EUR 1M

Amount

Seed

Stage

20.02.2017

Date

2

all rounds

$3.86M

Total amount

date founded

Financing round

General

About Company
Tradico is an online finetrader in Europe that provides working capital for global trades.

Industry

Sector :

Subsector :

Keywords :

founded date

01.01.2013

founders

Number of employees

Company Type

For Profit

Last funding type

Seed

IPO status

Private

Description

The company's platform allows clients to register online, drag and drop their trade on the platform, and process transactions with ease. Tradico finances the inventory of their clients and pays the invoices of their suppliers immediately, enabling buyers to gain time to settle the invoice without involving any banks. With Tradico, small and medium-sized businesses can access fast working capital without the need to deposit bank securities in return, making it a fast, simple, and reliable option for businesses in need of financial support.
Contacts

Contact Email

Phone number

Social url

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M&A Details
1

Transaction name

Acquired by

Bank Frick

announced date

05.06.2019

Financials

Funding Rounds
2
2

Number of Funding Rounds

$3.86M

Money Raised

Their latest funding was raised on 20.02.2017. Their latest investor DvH Ventures. Their latest round Seed

Date 
Funding Round 
Investors 
Money Raised 
Lead 
20.02.2017
2
$1.06M
Local Amount - EUR 1M
01.09.2016
5
$2.8M
Local Amount - EUR 2.5M
Hermann Hauser

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Hermann Hauser co-founded Amadeus Capital Partners in 1997 with Anne Glover and Peter Wynn. In his long and successful history as an entrepreneur and venture capitalist, Hermann has founded or co-founded companies in a wide range of technology sectors. These include Acorn Computers (where he helped spin out ARM), Active Book Company, Virata, Net Products, NetChannel and Cambridge Network Limited. He was a founder director of IQ (Bio), IXI Limited, Vocalis, SynGenix, Advanced Displays Limited (acquired by Cambridge Display Technology), Electronic Share Information Limited, E*Trade UK and has supported many other start-ups. Hermann’s successes at Amadeus include: CSR plc (LON: CSR); Entropic Research Laboratory (acquired by Microsoft in 1999); Solexa (acquired by Illumina in 2007); and Icera (acquired by Nvidia in 2011). He is currently a non-executive director of XMOS, a company that is revolutionising re-configurable silicon chips; Intune Networks, a pioneer in the field of Optical Packet Switch & Transport; Tobii, the world leader in eye tracking and gaze detection; Plastic Logic, the first company to commercialize flexible plastic transistors (currently used in computer displays); and Cambridge Broadband Networks, a leader in point-to-multipoint wireless backhaul products. Hermann holds an MA in Physics from Vienna University and a PhD in Physics from the University of Cambridge. He is a Fellow of the Institute of Physics and of the Royal Academy of Engineering, and an Honorary Fellow of King's College, Cambridge. Hermann holds honorary doctorates from the Universities of Bath, Loughborough and from Anglia Ruskin University and was awarded an Honorary CBE for ‘innovative service to the UK enterprise sector’ in 2001. In 2004, he was made a member of the Government’s Council for Science & Technology. In 2012 he became a Fellow of the Royal Society in recognition of his contribution to the translation of science into business, and in 2013 a Distinguished Fellow of BCS, the Chartered Institute for IT. Austrian by birth, Hermann speaks German, English and conversational Italian and French.

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Earlybird Venture Capital

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Speedinvest

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Co-Investors
Investors
7
5

Number of lead investors

7

Number of investors

Investor 
Lead 
Round 
Partners 
DvH Ventures

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Earlybird Venture Capital

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Stefan Klestil

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Stefan is Partner at Speedinvest, an early-stage tech fund with offices in Vienna and Silicon Valley. At Speedinvest, he is responsible for FinTech investments across EMEA and takes a very hands-on approach to support founders on business and product strategy, busdev and corpdev. Speedinvest is seeking to support the best teams in Europe to create the next generation of financial services unicorns. Looking intensively at new models in factoring and lending, risk underwriting, banking and payment infrastructure, security, cryptography and blockchain. Stay tuned. Stefan has 20 years of experience in the international payments and banking technology space as Advisor, Executive, Incubator and Investor. He is board member of Wirecard, Holvi, Iyzico, and Curve and advisory board member at Number 26 and Investly. Previously he was President Central and Southern Europe at First Data, Partner at Roland Berger, and Principal at A.T. Kearney based in New York and Vienna. He holds Masters Degrees from Columbia University and Vienna University of Economics and Business Administration.

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People

Founders
1
Manuel Hehle
Manuel Hehle

Manuel Hehle

current job

affinity management ag

organization founded

1

Manuel Hehle

Employee Profiles
4
Martin Almberger

Martin Almberger

Chief Technology & Operations

Manuel Hehle

Manuel Hehle

CEO

Activity

Recent News
0