The startup supports businesses looking for access to cash to expedite their growth with the efficient approval process and simplified transactions TCP provides.
Trade Capital Partners (TCP), a fintech startup based in the United Arab Emirates, has completed its Series A funding round. The fundraise was led by Modus Capital, with contributions from Eldaba Family Office and local fintech angel investors.
“Beyond our investment, Modus Capital is excited to work with the TCP team to support them as they scale,” said Kareem Elsirafy, Managing Partner at Modus Capital. “We are passionate about working with experienced entrepreneurs with relevant domain expertise, who are looking to solve big problems and have strong impact.”
Founded by Troels Andersen, Bill Crawley, and Mo Shahin, TCP provides working capital to regional importers, exporters, traders, distributors, wholesalers, and SMEs who are seeking collateral-free cash using invoices or inventory.
“Our mission is to bring startups closer to the trade finance channels and capital they need to grow and scale,” said TCP COO Bill Crawley. “Due to current banking regulations, the vast majority of SMEs and startups in emerging economies lack access to financing, which often restricts and slows growth. Access to working capital is a problem we have experienced first-hand, and it continues to be a hurdle for the majority of founders and investors in the region.”
Through their AI-driven approval process, future blockchain network, and analysis of over 120 data indicators within TCP’s algorithms and data models, the startup supports businesses looking for access to cash to expedite their growth with the efficient approval process and simplified transactions TCP provides.