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.
“We’ve worked in close partnership with smartTrade
since 2020, helping to strengthen its position as the best-in-class modern
trading and payments technology vendor. We thank David Vincent and his team for
their impressive execution and continued focus on innovation, and we wish them
well in their next phase of growth,” added Sebastien Briens, Partner at Hg.
This article was written by Jared Kirui at www.financemagnates.com.
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