Serbia-based Trade Core has secured a $3m funding round led by South Central Ventures.
Trade Core is a multi-product solution technology service for financial services. The platform offers solutions for payment processing, ID verification, client management, customer relationship management, analytics and reporting, trading platforms and crypto wallet transaction support, among others.
Through the company technology, businesses can support innovation, lower costs, increase revenue, and keep up-to-date with regulations and legislation.
The capital injection will be used by the company to support the international expansion in to the Far East and set up new offices in Tel Aviv. Funds will also go to increasing its client base, product development and brand awareness.
South Central Ventures managing partner Jan Kobler said, ?The rules of the game in FinTech are changing rapidly, which creates new opportunities for innovative companies like TradeCore. It has repeatedly been able to prove itself in a competitive environment, catering to a global client base in an industry that allows no room for error.p>
Other FinTech companies in South Central portfolio include credit risk and business management solution company CUBE Team, and online renting platform City Expert.
Despite a decline in funding during Q2, last year was strong year for European FinTech with more than double the capital raised than 2016. This increased level of funding was matched by a decline in the number of deals, with 2017 seeing 39 less deals.
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