Multi-asset electronic trading and payment platforms provider smartTrade Technologies announced a new investment from TA Associates.

Expanding Globally with New Investment from TA Associates

According to the company, this move will see Hg, the firm's previous majority investor, fully exit its stake, while CEO David Vincent and the management team will be investing alongside TA. The partnership aims to accelerate product innovation, global expansion, and AI-driven advancements in smartTrade's trading and payments solutions.

"We're grateful to Hg for their strategic support over the past five years. During that time, we doubled our revenue, executed our first acquisition, which strengthened our presence in North America, and laid the foundation for scalable growth," said David Vincent, CEO & Co-Founder of smartTrade.

"Looking ahead, we are committed to driving the next wave of client-centric innovation, including accelerated AI adoption and greater flexibility in hosting and execution, to meet our customers' evolving needs."

Headquartered in Aix-en-Provence, France, smartTrade offers electronic trading and payment platforms to clients worldwide. With offices spanning London, Paris, New York, Tokyo, and beyond, the company offers SaaS solutions.

Hg's Full Exit After Five Years of Growth

Hg has been a key investor in smartTrade since 2020, supporting its strategic expansion and innovation efforts. Under Hg's ownership, smartTrade doubled its revenue and strengthened its North American footprint through acquisitions.

TA Associates is a global private equity firm with extensive experience in technology and financial services investments.The transaction, which remains subject to regulatory approvals, is expected to provide smartTrade with the resources to accelerate its AI-driven solutions and enhance its technology infrastructure.

Source: Finance Magnates