Denmark’s Tradeworks racks up nearly DKK 3.5m in new financing

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Danish online trading tools developer Tradeworks has raised almost DKK 3.5m ($500,000) from Singaporean investors and a local institution.

Tradeworks collected DKK 3m ($450,000) in its latest financing round and also received a DKK 490,000 ($75,000) from the Danish Innovation Fund, Innovationsfonden.

Individual backers in the round include Henrik Nielsen, an IT technology expert based in the Asian arm of Danish startup game software developer Unity, and Singaporean investor Joo Seng Wong, who is partner at pan-Asian firm Vicker Venture Partners.

Both Nielsen and Wong will join Tradeworks board of directors.

Founded in 2003 by Mikael Breinholst, a long-term manager at Danish online trading and investment specialist Saxo Bank, Tradeworks aims at revolutionising online trading through disruptive financial technology.

The company will use the new funding to grow its business and expand its international footprint.

Copyright © 2016 FINTECH GLOBAL

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