Despite challenging circumstances, digital asset trading technology leader AlgoTrader is proud to welcome its tenth banking client worldwide. Thanks to a successful strategic orientation, the company continues its rapid growth while working towards a Series B financing round.
Zurich (CH) – AlgoTrader has just signed its tenth banking client, which is an independent family-owned financial institution from France with a focus on M&A banking services. This adds to AlgoTrader’s diversified client portfolio, which ranges from major Asian state-owned banks to crypto-native organizations to European private and specialized banks such as the Swiss transaction bank InCore. The newly concluded deal with another banking client and the dynamic growth course show the particular competitive strength of the AlgoTrader platform.
Amid pandemic and crypto market challenges last year, AlgoTrader built up strong traction with its modular digital asset trading and orchestration platform and now continues its rapid growth. This success story is underlined by a solid Pre-Series B financing round in February with AlgoTrader now having raised more than $12 million in total funding.
AlgoTrader expands its competitive edge
“Our recent success proves that we are on the right track”, said AlgoTrader CEO Andy Flury. “As our competitors only focus on the buy-side, our strategic focus on both buy-side and sell-side clients pays off. This is a clear sign to the market and to our investors”, Flury continued.
Based on this competitive edge and an industry-leading expertise in banking projects, AlgoTrader has increased its headcount on a global scale and is already working towards its Series B financing round. This will be the next significant milestone for the company.
Rapid growth led to a refined strategy
“To continue on this path to success and to be well positioned for the future, we refined our vision, mission and guiding principles at the beginning of 2022. For us it is vital to focus even more on customer-centricity and client experience as we strive to become the leading trading technology provider for both buy-side and sell-side clients worldwide”, Flury explained.
To meet this ambitious goal, AlgoTrader reevaluated and reprioritized its target segments and enhanced its client-driven feature roadmap to focus on further improving its advanced trading infrastructure and expanding its strategic partner network. All this was done in keeping with its mission to enable financial institutions to trade and manage digital assets as efficiently as possible.
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