|Products||Electronic bond trading|
Trumid Financial is an electronic bond trading platform and fintech company.
In January 2021 Trumid secured a $50 million investment in a funding round co-led by DST Global and Dragoneer Investment Group. Also in early 2021, Goldman Sachs formed a strategic relationship with Trumid, offering liquidity to its institutional clients through Trumid’s network as well as offering input on long-term product development as a member of Trumid’s advisory committee.
In October 2021, Trumid announced a $208 million infusion of capital from a number of Wall Street investors, led by Point Break Capital Management. A significant investment was also provided by the private equity firm Motive Partners. Senator Investment Group and TPG Capital, as well as BlackRock and T Rowe Price, also provided capital. The fundraising valued Trumid at about $2.4bn, the company said.
Products and Services
Trumid provides traders with the option to trade anonymously or to bilaterally negotiate.
- Trumid hires Cboe Electronic Trading Expert as Chief Revenue Officer. The Trade News.
- Bond platform Trumid raises $208m as Wall Street bets on electronic trading. The Financial Times.