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TradeCore Raises $3 Million Led by South Central Ventures

TradeCore, a Belgrade-based FinTech company has raised $3 million in funding led by South Central Ventures. TradeCore has broken ground with their platform and unique tools for brokers and financial service providers and will continue to grow their client base with the support of SCV. Capital markets are advancing quickly while complexity is increasing.

Both large enterprises and new companies are looking for ways to keep up with changes and optimize their businesses. TradeCore is the provider they come to, to keep up with innovation, lower costs, increase revenue, and stay in compliance with changing rules and regulations. Financial services clients access a full platform, with the right set of building blocks and turnkey solutions. This allows them to stay focused on their clients and expanding their business, rather than being sidelined by developing custom software solutions by themselves.

TradeCore is a multi-product full-service company at the forefront of innovation in FinTech. The backgrounds of the company’s founder and the senior team allow TradeCore to uniquely operate across FinTech, RegTech, payments and crypto verticals.

 

TradeCore “The Swissarmy Knife for FinTech”

TradeCore can be seen as AWS for FinTech, since its BrokerCloud platform allows clients to make use of all the components that historically would have taken them a significant amount of time to develop. As a result, clients can grow their infrastructure, manage costs, and enter the market with a new product within weeks.

TradeCore’s flagship product BrokerIQ is a leading financial services CRM, providing a turnkey solution for client onboarding, ID verification, payment processing and client management. It enables users to accelerate their growth, increase revenue and conversions, whilst reducing churn and improving engagement.

A product in making — ComplyIQ will provide customers with the ability to implement sophisticated KYC/AML workflows for individual and corporate clients, significantly accelerating the onboarding process, and augmenting customer data with that of leading industry service providers. TradeCore’s products continually evolve to keep up with changes in regulatory and compliance frameworks, and its customers operate in all major global regulatory jurisdictions.

 

Team with FinTech in their Genome

The TradeCore team is led by CEO Stefan Pajković, who founded the business in 2013. He previously co-founded and grew Global Trader through its international expansion and ultimate sale. Stefan brings valuable insights from his early career in banking as an Interest Rates Derivatives trader and VP at Deutsche Bank. Milan Stanojević (CTO) joined the TradeCore team in 2014, having previously worked at the Serbian Military Intelligence Agency and SEE Climate Change Center.

The team is vibrant and consists of a diverse mix of experienced and creative professionals working in a fast-paced environment. Currently numbering a team of more than 50, the company is constantly working on hiring more talent.

TradeCore provides a supportive and meritocratic environment, where mentoring is actively encouraged, and all team members’ contributions are valued. As a multi-product company, TradeCore does not offer just jobs but career opportunities. By working on one of the products that compete globally, team members really do feel that they can make an impact, have a sense of purpose, can constantly improve their skills and progress their careers.

Commenting the purpose of the investment, TradeCore CEO Stefan Pajković said “Investment funds will be used to support international expansion to the Far East and new offices in Tel Aviv and beyond. TradeCore has ambitious plans to expand its enterprise client base, increase product development velocity and raise brand awareness”.

“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. We are extremely pleased to be working with the TradeCore team and help enable the next stage of company’s growth.” said Jan Kobler, Managing Partner, South Central Ventures