Traders Magazine
NEW YORK (PRWEB) JANUARY 13, 2021
Trumid, a financial technology company and fixed income electronic trading platform, today announced the completion of a $50 million financing co-led by new investor DST Global and Dragoneer Investment Group, which led Trumid’s financing in August 2020. The investment values the company at a premium to the most recent financing. Proceeds will be used to repurchase shares from existing shareholders.
The financing caps a year of exceptional growth at Trumid. Its Market Center trading platform experienced 374% year-over-year volume growth. Trumid’s client network expanded to 530 institutions and the number of users executing a trade on the platform each day grew by 129%. Trumid continues to differentiate itself through nimble technology and product expertise, with 26 technology release cycles to meet its clients’ needs during an unprecedented year.
Trumid Announces New Financing Round
Share Article NEW YORK (PRWEB) January 13, 2021 Trumid, a financial technology company and fixed income electronic trading platform, today announced the completion of a $50 million financing co-led by new investor DST Global and Dragoneer Investment Group, which led Trumid’s financing in August 2020. The investment values the company at a premium to the most recent financing. Proceeds will be used to repurchase shares from existing shareholders.
The financing caps a year of exceptional growth at Trumid. Its Market Center trading platform experienced 374% year-over-year volume growth. Trumid’s client network expanded to 530 institutions and the number of users executing a trade on the platform each day grew by 129%. Trumid continues to differentiate itself through nimble technology and product expertise, with 26 technology release cycles to meet its clients’ needs du
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