ASB backs blockchain startup’s $2.7m raise

Auckland based startup company TradeWindow has raised $2.7 million in a seed round, in which ASB bank owns a stake of 21%. TradeWindow sells SaaS (Software as a service) supply chain solution to eliminate all the complex components in an export or import order.

This makes ASB bank, the second-largest shareholder of TradeWindow after its founder AJ Smith. The seed round also saw the New Caledonia-based Leroux office and their Auckland-based partner Te Hana consulting. ASB bank is the Commonwealth Bank of Australia, operating from New Zealand that provides a wide range of financial services including business, retail, fund management, and insurance, to name a few.

This partnership with the ASB bank focusses on helping the companies to get a single dashboard that will have all the elements starting from payment gateways to insurance to regulating customs paperwork.

At the launch, AJ Smith said,

We have rapidly progressed the product’s capabilities and now that it has been thoroughly tested and validated, TradeWindow is very close to commercial launch. This is piquing the interest of some of the region’s most experienced exporters, carriers, banks, ports, and airlines.

Recent Articles

2020: Crypto Regulations Updates Everyone Should Know!

The year 2020 is likely to be one of the most eventful ones from the ‘crypto angle,’ i.e., from the perspective of cryptocurrencies as...

Plus500 Review 2020 – What you need to Know before Signing up with this Broker

Overview Plus500 was established in the year 2008 and it offers online CFD...

eToro Broker Review 2020 – All You Need to Know About eToro Before Signing Up!

  Overview eToro was established in the year 2007, known as one of the leading social trading platforms. Offering more than 1,000...

Cryptocurrencies, an Alternative to Fiat Currencies Not Yet a Replacement

Cryptocurrency and blockchain technology have already created ripples in the world of finance and technology and revolutionized the way currency has been traditionally viewed. It...

Here’s How You Should Proceed Ahead With Crypto Investment in 2020

The growing popularity of cryptocurrencies has started a new trend of crypto investment wherein investors are ditching traditional stock markets in favor of cryptocurrency exchanges...

Related Stories

Leave A Reply

Please enter your comment!
Please enter your name here

Stay on op - Ge the daily news in your inbox