London based fintech Traydstream has raised US$8 million after closing its series A funding round.

Traydstream specialises in trade document scrutiny using artificial intelligence (AI) and its platform digitises the manual process of vetting letters of credit (L/Cs) for discrepancies (DC World News, 29 June 2020).

Efficiency and risk

The US$8 million raised was led by Spearhead Capital in a round from institutional and private investors, including AFG Partners and several European family offices.

The fintech specialises in digitising and automating document checking to improve efficiency and reduce risk.

AI enabled platform

Established in 2016, Traydstream has developed an AI enabled platform that digitises structured and unstructured elements, automates trade rules and compliance checks.

The company claims to provide the most advanced trade checking system in the market and says its platform is now live with clients across 4 continents and 17 markets.

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