Credit Suisse Buys Majority Stake in Fintech Firm Tradeplus24

[kreslik.news]

Global banking giant Credit Suisse has revealed that it is backing a Swiss fintech firm in Zurich which offers an innovative receivables financing solution that is designed for SMEs.

SVC-Ltd., the lender’s VC investment arm, has bought a majority stake in Tradeplus24. The start-up will use the new capital to further scale-up support and delivery of its automated lending solution.

Credit Suisse also plans to integrate Tradeplus24’s products in its own offering, which allows its clients to tap SMEs focused solution that offers a new simple way for companies to lend against their global accounts receivables. This could well serve as a ... (read more)