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Trade Ledger announces new Product and Engineering lab in Poland

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PRESS RELEASE

London, 29th June 2023 - Trade Ledger, the global technology provider for the commercial banking and financial services industry, is excited to announce the opening of its new office in Krakow, Poland.  This strategic expansion marks Trade Ledger’s first development hub in the EU, further strengthening its global footprint and enhancing its ability to service its global clients.  

The decision to establish an office in Poland was driven by the country’s thriving tech scene and the abundance of highly skilled engineering talent.  With its newest location, Trade Ledger  will continue to accelerate and innovate on behalf of their customers. The R&D centre has been up and running for months now.

“While our lab in Sydney has been an integral part of Trade Ledger for many years, we have been strengthening our lab in Poland over the last 12 months and the change will allow us to capitalise on the wealth of programming experience in Poland.”

Commented Riccardo Pietri, who was appointed as VP Engineering and DevSecOps for Trade Ledger. 

Tony Hurlock, VP Engineering & Support shared;

“This is an exciting time to join and build the Trade Ledger team. I look forward to continuing to grow our Poland office and bringing the region’s top engineering talent to Trade Ledger's growing roster of clients”.   

Martin McCann, CEO and co-founder of Trade Ledger concluded:

"We are thrilled to open our first development hub in Poland. Krakow's booming tech scene provides us with access to top engineering talent and enables us to better serve our clients. This expansion aligns with our vision of being a global leader and reinforces our commitment to delivering exceptional value to our clients."

Ends

For further information contact:

Wendy Harrison, Trade Ledger Press Office

wendy@harrisonsadler.com

07850 372469

Notes to Editors

About Trade Ledger

Trade Ledger was founded in 2016 to help the financial services sector reimagine complex business finance for SMEs and mid-market corporates in the digital economy.

The lending-as-a-service (LaaS) platform supports all secured and unsecured business lending products, transforming data sources from the supply chain into actionable insights and tasks. This enables the right lending products to be created and offered at the right time, over the right channel, quickly, at low risk. Its clients boost their profitability, realising on average a 60% origination cost reduction, a 50% reduction in dropouts and loan book growth potential of over 100% through embedded finance.

Backed by venture capitalists Point72 Ventures, Foundation Capital and Hambro Perks, and other notable investors such as Court Lorenzini (founder of DocuSign), Trade Ledger is currently scaling globally to accommodate a fast-growing client base of global trade banks, regional and national banks, and alternative finance providers. To date it has raised £16.6 million.

Trade Ledger was awarded LendTech Initiative of the Year 2020, Lending Platform of the Year 2019, and Startup of the Year 2019.

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