Trumid

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Trumid Financial
Founded 2014
Key People Ronnie Mateo, Founder and CEO; Mike Sobel, President
Products Electronic bond trading

Trumid Financial is an electronic bond trading platform and fintech company.

Trumid’s ADV in July 2021 was $1.6B, a 91% increase year-over-year. Trumid's network includes 580 onboarded institutions. In the month of July, the Trumid platform experienced a 75% YoY increase in the number of users executing a trade each day.[1]

History[edit]

Trumid was founded by Ronnie Mateo in 2014.

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. Goldman Sachs also became a member of Trumid’s advisory committee.[2]

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.[3]

Products and Services[edit]

Trumid provides traders with the option to trade anonymously or to bilaterally negotiate.

Key People[edit]

References[edit]