About TRAction
TRAction is a company based in Sydney (Australia) founded in 2015 by Quinn Perrott and Sophie Gerber. It operates as a B2B, and SaaS. TRAction offers products and services including Data Extraction & Conversion, Reporting Trades, and Guidance Services. TRAction operates in a competitive market with competitors including Workiva, OpenGamma, Realeyes, Moody's Analytics and Encompass, among others.
- Headquarter Sydney, Australia
- Founders Quinn Perrott, Sophie Gerber
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Sectors
TechnologyFinancial Services
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Phone
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Website
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Social
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- Legal Name Traction Fintech Ltd
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Annual Revenue
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Products & Services of TRAction
TRAction offers a comprehensive portfolio of products and services, including Data Extraction & Conversion, Reporting Trades, and Guidance Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Extracts and converts data for regulatory reporting needs
Handles trade reporting to repositories for clients
Provides advice on reporting requirements and updates
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Software Development Team
2 people
Administration Team
1 people
Leadership Team
1 people
General Team
1 people
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Funding Insights of TRAction
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investments & Acquisitions by TRAction
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - TRAction
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Traction Comparisons
Competitors of TRAction
TRAction operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Workiva, OpenGamma, Realeyes, Moody's Analytics and Encompass, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
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Cloud-based platform for compliance and reporting management is delivered.
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SaaS-based solutions for derivatives risk analytics are provided.
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AI-powered attention measurement and identity verification solutions are provided.
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Risk management software is supplied for insurance and various sectors.
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Corporate Digital Identity and KYC solutions are provided by Encompass.
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Regulatory change management and regulatory intelligence solutions platform
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Traction
Frequently Asked Questions about TRAction
When was TRAction founded?
TRAction was founded in 2015.
Where is TRAction located?
TRAction is headquartered in Sydney, Australia. It is registered at Sydney, New South Wales, Australia.
Who is the current CEO of TRAction?
Quinn Perrott is the current CEO of TRAction. They have also founded this company.
What does TRAction do?
TRAction simplifies trade reporting by acting as an intermediary for regulated financial entities, handling data extraction, conversion, and submission to trade repositories. It serves banks, funds, brokers, and other clients, ensuring compliance with regulations like EMIR and MiFID II. Operating from offices in London, Sydney, Singapore, and Cyprus, the company focuses on cost-effective, innovative reporting processes to reduce client burdens.
Who are the top competitors of TRAction?
TRAction's top competitors include Encompass, Indico Data and Workiva.
What products or services does TRAction offer?
TRAction offers Data Extraction & Conversion, Reporting Trades, and Guidance Services.
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