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Instimatch Global AG, a Swiss fintech company providing a web-based cash management trading platform for institutions across industries and geographies, has announced the successful completion of its Pre-Series A financing round, raising CHF 11.5 million. The round was led by existing shareholders, current management team members, business partners, and new institutional and private investors.
The company intends to use the newly raised capital to expand its market reach, accelerate product development, and launch new products to strengthen its position as a leader in the digital trading platform space.
Adrian Edelmann, CEO of Instimatch Global AG
Adrian Edelmann, CEO of Instimatch Global AG, stated, "This strong show of support from both existing and new investors underscores the confidence in our vision and future success and secures us enough time to prepare our Series A in 2024."
In the current year, Instimatch Global AG has achieved significant milestones, including 63% customer growth, successful market entrance in four new countries, and the launch of a repo trading platform, its latest self-developed product.
Peter Guntlin, Board Member, Instimatch Global
Peter Guntlin, a board member of Instimatch Global, commented, "The funding round will bring the international reach of Instimatch Global to the next level – built on its scalable platform that can be tailored to local needs and run by a highly dedicated team of professionals."
Hugh Macmillen, Chairman and Founder of Instimatch Global AG
Hugh Macmillen, Chairman and Founder of Instimatch Global AG, also commented on the new investment in to the company, "We are thrilled by the support and confidence shown by our investors. This financing round represents a crucial step in our journey toward achieving even greater success and delivering exceptional value to our clients and stakeholders. I am excited about the opportunities it brings for our team, customers, and partners."
Instimatch Global AG has expressed its appreciation to all its investors, employees, customers, and partners who have contributed to the company's growth and success.
Founded in 2017 and based in Switzerland, Instimatch Global AG offers a web-based cash management trading platform for institutions across industries and geographies, enabling them to directly engage with each other and digitally execute all their liquidity needs as well as allowing them to leverage their trading network. The platform covers various asset classes, including unsecured cash deposits, repos, money market funds, forex and digital promissory notes.
