Credit Suisse has taken a majority stake in the startup TradePlus24 in a Series A-1 financing round; TradePlus24 is based in Zurich and helps SMEs increase their working capital by leveraging their domestic and export receivables; Credit Suisse recently announced a $200 million revolving credit facility with Kabbage. Source
Daily Fintech reports that Tradeplus24 has received CHF100 million ($100.61 million) from a capital fundraising; the Swiss fintech market has been growing over the last two years and the CHF100 million is a sign of that; Tradeplus24 is a Switzerland-based balance sheet marketplace lender; the capital was raised through debt and the firm will use the fundraising for SME lending. Source