The Trading Pit receives growth funding of €10 million
16 November 2022
The Trading Pit from Liechtenstein has secured €10 million in its latest round of growth funding. The fintech is working on an innovative approach to proprietary trading. The additional capital will be used to accelerate growth initiatives with a mission to become the global leader in online prop trading.
The trading company The Trading Pit (TTP) has successfully concluded a funding round, raising €10 million. This investment will allow the fintech to build on its success and establish itself as the “leading one-stop venue for online prop trading”. According to a press release, The Trading Pit is now set to enable global access to all major asset classes, including forex, futures, stocks and cryptos within the next six months.
The Trading Pit emerged from the simple concept of giving all skillful traders a fair opportunity to reach success in an environment where there is no conflict of interest, and which has full transparency. Pinorena Capital was the principal investor in this funding round. Illimar Mattus, founder of Pinorena Capital & co-founder of The Trading Pit, noted that The Trading Pit has the potential to become the industry’s benchmark over the next few years and the super app for prop trading, investing and asset management.
TTP is in the process of expanding its infrastructure and building up an ambitious B2B product offering and B2C business development network, from Asia to the Americas. Over the next two years, a global network of up to 30 major trading platforms and service providers will be established.