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,

John Spann

John Spann is a full time news writer in CryptoMoonPress team. He holds post graduate degree in english language and literature. He is engaged to financial markets from 2010. He has written for some of foremost magazines of corporate firms. From last five years, he is closely involved in writing and analyzing of cryptocurrencies.