About Magma Trading
Magma Trading was a Financial Services company based in New York (United States) founded in 2016 by George Hessler. It operates as a functions as an alternative trading system for financial markets. It operates on a B2B model. Magma Trading has raised $1.86 million across 1 funding round. Its chief executive is George Hessler. The company is recorded as dissolved. Its focus areas include Finance, Trading, Alternative Systems and Trading Platforms. Its legal entity is Magma Trading USA, LLC. Its competitors include Imperative Execution, AX Trading, BIDS Holding, CODA Markets and Blue Ocean Technologies and 3 more; 3 of its 8 listed competitors have raised funding.
Company details
Magma Trading operates with a B2B model, focusing on finance, trading, alternative systems, and trading platforms. Functions as an alternative trading system for financial markets. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters New York, United States
- Founders George Hessler
- SectorsFinancial Services
- Website magmatrading.com
- Social X
- Legal Name Magma Trading Usa, Llc
- Total Equity Funding$1.86M (USD)
in 1 rounds
- Latest Funding Round$1.86M (USD), Seed
Jul 2018
Funding Insights of Magma Trading
Magma Trading has successfully raised a total of $1.86M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.86 million completed in July 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $1.86M
- Total Rounds 1
- Last Round Seed — $1.86M
- First Round $1.86M
(Jul 2018)
All 1 funding rounds of Magma Trading with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2018 | $1.86M | Seed | – | – | – |
People of Magma Trading
1 people are tracked at Magma Trading (1 in leadership).
| Name | Role | Group |
|---|---|---|
George Hessler | Founder, CEO | Leadership |
Complete people profiles for Magma Trading
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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Timeline of Magma Trading
2 dated milestones of Magma Trading across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Magma Trading is founded.
- Funding First funding round of $1.9M.
Competitors of Magma Trading
Magma Trading has 8 listed competitors in our database, 3 of them funded. They include Imperative Execution, AX Trading, BIDS Holding, CODA Markets and Blue Ocean Technologies, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| imperativex.com | 2016 | Stamford, United States | $14M | 38 | Alternative trading system for institutional investors | |
| axtrading.com | 2010 | New York, United States | $1.8M | – | Operates as an alternative trading system for professional traders to access liquidity. | |
| bidstrading.com | 2006 | New York, United States | – | – | Alternative trading system for equity trading | |
| pdqenterprises.com | 2005 | Glenview, United States | – | 39 | Trading platforms and liquidity analysis are provided for financial markets. | |
| blueocean-tech.io | 2019 | New York, United States | $10.5M | 23 | After-hours trading platforms are provided for US and global clients. | |
| ballistasecurities1.tcc.mode | 2007 | New York, United States | – | – | Alternate trading system for equities and options strategies is provided. | |
| ustocktrade.com | 2009 | Boston, United States | – | – | Operates a peer-to-peer platform for stock trading. | |
| levelats.com | 2006 | Boston, United States | – | – | Provider of alternative trading services |
Detailed competitors of Magma Trading
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Banking & FinTech Platforms
10 companies that operate in the same segment as Magma Trading (Banking & FinTech Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online business banking and financial workflow tools are provided. | 2010 | San Francisco, California, United States | USD 546 M | USD 2.71 M | 1,807 | |
Tide is recognized as a digital banking platform for businesses. | 2015 | London, England, United Kingdom | USD 180.56 M | – | 3,462 | |
Digital banking services are offered to individuals via mobile apps. | 2012 | San Francisco, California, United States | USD 3.15 B | USD 1.96 B | 2,516 | |
Banking solutions are provided for retail customers and businesses. | 2015 | London, England, United Kingdom | USD 1.73 B | USD 5.95 B | 20,299 | |
Internet first bank for individuals and businesses | 2015 | London, England, United Kingdom | USD 2.37 B | USD 2.31 M | 3,786 | |
Digital sustainable banking services are offered to consumers. | 2013 | Los Angeles, California, United States | USD 865 M | – | 237 | |
Digital banking services are offered to consumers and businesses. | 2014 | London, England, United Kingdom | USD 1.01 B | USD 813.42 M | 2,835 | |
Payment and banking solutions are provided to users and banks. | 2015 | San Ramon, California, United States | USD 390 M | USD 532.2 K | 2,149 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.2 B | – | 5,356 | |
Digital banking services are provided for individuals and businesses. | 2014 | Blyth, England, United Kingdom | USD 852.48 M | – | 556 |
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Frequently Asked Questions about Magma Trading
Magma Trading was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Magma Trading is headquartered in New York, United States. It is registered at New York, New York, United States.
George Hessler is the current CEO of Magma Trading. They have also founded this company.
Magma Trading is a funded company, having raised a total of $1.86M across 1 funding round to date. The company's 1st funding round was a Seed of $1.86M, raised on Jul 2018.
Magma Trading operates with a B2B model, focusing on finance, trading, alternative systems, and trading platforms. Functions as an alternative trading system for financial markets. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations. It continues to evolve, meeting industry challenges with strategic approaches.
Magma Trading's top competitors include Imperative Execution, CODA Markets and Blue Ocean Technologies.
Magma Trading operates through Magma Trading Usa, Llc.