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smartTrade Technologies, a provider of multi-asset electronic trading and payments platforms, has announced a strategic investment from global private equity firm TA Associates. David Vincent, CEO and Co-Founder of smartTrade, and the management team will invest alongside TA, underscoring their joint commitment to the company's future development.
Upon completion, Hg, which has held a majority investment in smartTrade since 2020, will fully exit its position. The transaction remains subject to customary workers' council consultation processes under applicable laws.
smartTrade, headquartered in Aix-en-Provence with additional offices across Europe, North America and Asia, provides SaaS solutions that enable clients to expand their electronic trading and payments operations. The company's technology is designed to offer secure and cost-efficient end-to-end capabilities.
"Our customers have always been our North Star and this partnership with TA will enhance our ability to serve them with innovative trading and payments solutions. My decision to invest alongside the management team and TA underscores our shared belief in smartTrade's trajectory," said David Vincent, CEO & Co-Founder of smartTrade. "We're grateful to Hg for their strategic support over the past five years. During that time, we doubled our revenue, executed our first acquisition which strengthened our presence in North America, and laid the foundation for scalable growth. Looking ahead, we are committed to driving the next wave of client-centric innovation, including accelerated AI adoption and greater flexibility in hosting and execution, to meet our customers' evolving needs."
According to the announcement, TA's investment will support product innovation initiatives, geographic expansion, and scalable growth, with particular emphasis on AI-driven solutions and deployment flexibility. This approach aligns with broader industry trends that have seen increasing demand for trading technology that incorporates artificial intelligence capabilities.
"smartTrade has firmly established itself at the forefront of electronic trading and payments technology. We believe the company's market-leading solutions, culture of innovation and unwavering commitment to client success have positioned it well for continued growth," said Max Cancre, Managing Director at TA. "We look forward to partnering with David and the whole smartTrade team as they continue to scale globally and drive further advancements for the capital markets industry," added Morgan Seigler, Managing Director at TA.
During Hg's ownership period since 2020, smartTrade reports having doubled its revenue and completed its first acquisition, strengthening its North American presence. The company has developed a reputation in the financial technology sector for its trading solutions across multiple asset classes.
"We've worked in close partnership with smartTrade since 2020, helping to strengthen its position as the best-in-class modern trading and payments technology vendor. We thank David Vincent and his team for their impressive execution and continued focus on innovation, and we wish them well in their next phase of growth," said Sebastien Briens, Partner at Hg.
Financial terms of the transaction were not disclosed. Arma Partners advised smartTrade on the deal, while Houlihan Lokey and Deutsche Bank acted as advisers to TA Associates.
