About TRAFEC
TRAFEC is a Financial Services company based in Geneve (Switzerland) founded in 2018, and was acquired by KOMGO in February 2020. It operates as a trade finance platform. The company was acqui-hired. Its focus areas include FinTech, Alternative Lending, Enablers and Lending-as-a-service. Its competitors include Cloud Lending, Lendity, Bankish, Global Trade and Aqaix and 2 more; 2 of its 7 listed competitors have raised funding.
Company details
Trafec was founded in 2018 in Geneva, Switzerland, as a platform in the trade finance sector. Modules for letters of credit, documentary collections, guarantees, letters of indemnity, storage and release of goods requests, and text messages are included. Digital signatures are automatically authenticated by the platform, supporting operations in international trade documentation and compliance.
- Headquarters Geneve, Switzerland
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website trafec.org
- Acquired by KOMGO (Feb 2020)
Investors in TRAFEC
TRAFEC has secured backing from 1 investor. Prominent investors backing the company include KOMGO.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Blockchain-based loan management solutions for trade finance are provided. | 2018 | komgo.io | Geneva, Switzerland |
Investor details for TRAFEC
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Timeline of TRAFEC
2 dated milestones of TRAFEC across 2 years, from founding to its latest funding, stage changes and deals.
- Founded TRAFEC is founded.
- Exit Acquired by KOMGO.
Competitors of TRAFEC
TRAFEC has 7 listed competitors in our database, 2 of them funded. They include Cloud Lending, Lendity, Bankish, Global Trade and Aqaix, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| cloudlendinginc.com | 2013 | Foster, United States | $16.15M | 148 | A cloud-based lending platform is provided for financial institutions. | |
| lendity.com | 2015 | Zurich, Switzerland | – | – | Lending-as-a-service solution | |
| bankish.eu | 2017 | Tallinn, Estonia | $1.37M | 1 | Lending and deposit systems are offered for loan providers. | |
| globaltradecorp.com | 2002 | Toronto, Canada | – | – | Multi-bank trade finance platform connects corporations to financial institutions. | |
| aqaix.com | 2017 | San Francisco, United States | – | – | Water financing is enabled via cloud-based lending platform. | |
| aable.ch | 2018 | Zug, Switzerland | – | – | Offers a lending-as-a-service platform for financial institutions. | |
| circeo.today | 2014 | Rumelange, Luxembourg | – | – | Cloud-based loan management platform for financial institutions and workflows. |
Detailed competitors of TRAFEC
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Top companies in Banking & FinTech Platforms
10 companies that operate in the same segment as TRAFEC (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 TRAFEC
TRAFEC was founded in 2018.
TRAFEC is headquartered in Geneve, Switzerland. It is registered at Geneve, Geneve, Switzerland.
Trafec was founded in 2018 in Geneva, Switzerland, as a platform in the trade finance sector. Modules for letters of credit, documentary collections, guarantees, letters of indemnity, storage and release of goods requests, and text messages are included. Digital signatures are automatically authenticated by the platform, supporting operations in international trade documentation and compliance.
TRAFEC's top competitors include Cloud Lending, Global Trade and Lendity.
TRAFEC has 1 investor. Key investors include KOMGO.
Yes. TRAFEC was acquired by KOMGO in February 2020.