Credit Suisse has announced that it has bought a majority stake in Tradeplus24 – a Swiss FinTech firm in Zurich that offers lending solutions to SMEs.
The startup will use the new capital to further scale-up its operations and delivery of its automated lending solution. As part of the deal, Credit Suisse will also integrate the FinTech’s products into its own offering.
Andreas Gerber, head of SME business at Credit Suisse, said: “The Tradeplus24 lending product, perfectly builds upon our existing lending offering which allows us to reach out to our existing clients but also tap into new market segments.”
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