Fintech TRADANTS Secures $1 Million as Seed Fund
The company is expected to announce its first product by the end of this year.
TRADANTS, a newly launched fintech startup, announced on Friday the closure of its $1 million seed funding round ahead of the launch of the companys product launch.
According to the press release shared with Finance Magnates, the funding round was led by Sinus Ventures, a new Germany-based early-stage venture fund of industry veteran, Thomas Waibel.
“As a new incubator and early-stage investor, we are proud to lead TRADANTS seed funding round, being highly convinced in the viability of its innovative approach to trading as well as the deep startup expertise of its founding team,” Waibel said in a statement.
TRADANTS was launched earlier this year by Lars Gottwik, the former CEO and Co-Founder of multi-asset brokerage JFD Group. Also, he is leading the new venture as its CEO.
Gamifying Trading
The company intends to gamify trading and is expected to announce its first product by the end of this year. In addition, it aims to create a new industry by merging esports, skill-gaming and online trading sectors.
TRADANTS describes itself as a platform that will allow investors from different backgrounds to ‘hone their skills, compete against each other in a series of risk-free trading tournaments, and have lots of fun on their way to [becoming] the next trading stars’.
Gottwik said: “We are extremely happy to have reached this important milestone and will use the acquired funds to deliver our first product prototype, undergo key hires and have our first market rollout across the DACH region and Sub-Saharan Africa.”
“There are plenty of exciting challenges ahead, and we are working hard to realise our ambitious plans.”
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